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Stock To Watch at GreenArrowStock.com: China Techfaith Wireless Communication Technology Limited (CNTF).

Publication: M2 Presswire
Publication Date: 18-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-18 August 2009-GreenArrowStock.com: Stock To Watch at GreenArrowStock.com: China Techfaith Wireless Communication Technology Limited (CNTF).(C)1994-2009 M2 COMMUNICATIONS

RDATE:18082009

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CNTF news:

On Monday August 17, 2009, 6:45 pm EDT

China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) today announced its unaudited financial results for the second quarter of 2009 ended June 30, 2009. The Company also announced it has signed a non-binding letter of intent to acquire, with TechFaith stock and cash as consideration, 100% of the Chinese branded mobile phone company QiGi, which is to be valued at US$12.5 million. In addition, the Company announced the resignation of Mr.

Wilson Cai from his position as Deputy CEO of TechFaith and from the Company's board of directors citing personal health reasons.

For the second quarter of 2009, TechFaith reported total...

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