(Reuters) - July 12 - China-based Vimicro International Corp. posted a surprise first-quarter loss, and reported fourth-quarter earnings below analysts' estimates, sending its shares down more than 17 percent.
The company said first-quarter results were hurt by a longer-than-expected delay in the release of Microsoft Corp.'s Vista operating system, and the seasonality resulting from business slowdown related to the Chinese New Year holiday and pricing pressure within some of its product lines.
Read more at Reuters.com Market News
The company said first-quarter results were hurt by a longer-than-expected delay in the release of Microsoft Corp.'s Vista operating system, and the seasonality resulting from business slowdown related to the Chinese New Year holiday and pricing pressure within some of its product lines.
Read more at Reuters.com Market News
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