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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
Home / Markets / Industries / Telecom
Thursday, July 03, 2008
TechFaith Schedules Second Quarter 2008 Results Conference Call
Comtex
BEIJING, Jul 03, 2008 (MARKET WIRE via COMTEX) ----China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF), an original developed product provider focused on research and development of cell phone solutions, today announced that it will hold a conference call with investors and analysts to discuss the company's second quarter 2008 results on Monday, August 18, 2008 at 7:00 p.m. U.S. Eastern Time (7:00 a.m., August 19, 2008 in Beijing).
The news release announcing the second quarter 2008 results will be disseminated after the NASDAQ stock market closes on August 18, 2008 in New York.
The dial-in number for the live audio call beginning on August 18, 2008 at 7:00 p.m. U.S. Eastern Time (7:00 a.m., August 19, 2008 in Beijing) is +1-866-713-8395 or +1-617-597-5309 (international). The passcode is 91884175. A live webcast of the conference call will be available on China TechFaith's website at www.techfaithwireless.com.
A replay of the call will be available on August 18, 2008 at 9 p.m., U.S. Eastern Time (9 a.m., August 19, 2008 in Beijing) through midnight on August 25, 2008, U.S. Eastern Time (12 p.m., August 26, 2008 in Beijing) at www.techfaithwireless.com and by telephone at +1-888-286-8010 (domestic) or +1-617-801-6888 (international). The passcode to access the replay is 66896525.
About TechFaith
TechFaith (NASDAQ: CNTF) is an original developed product provider focused on research and development of cell phone solutions. Based in China, TechFaith employs approximately 1,300 professionals, of whom approximately 90% are engineers. TechFaith engages in the development and production of middle to high-end handsets and tailor made handsets. TechFaith's original developed products include: (1) multimedia phones and dual mode dual card handsets of multiple wireless technology combination such as GSM/GSM, GSM/CDMA, GSM/WCDMA, GSM/TD-SCDMA and UMTS/CDMA; (2) Windows based smartphone and Pocket PC phone; and (3) handsets with interactive online gaming and professional game terminals with phone functionality.
With the capability of developing middleware application MMI/UI software on 2G/2.5G(GSM/GPRS, CDMA1X), 3G(EV-DO, WCDMA/UMTS, TD-SCDMA) and 3.5G(HSDPA) communication technologies, TechFaith is able to provide middleware application MMI/UI software packages that fulfill the specifications of handset brand owners and carriers in the global market. For more information, please visit www.techfaithwireless.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith contain forward-looking statements. TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about TechFaith's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, TechFaith's limited operating history, TechFaith's ability to retain existing or attract additional domestic and international customers, TechFaith's earnings or margin declines, failure to compete against new and existing competitors, mobile handset brand owners' discontinuation or reduction of the use of independent design houses, and other risks outlined in TechFaith's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
CONTACTS: In China: Jay Ji Tel: + 86-10-5822-7390 Email Contact In the U.S.: Joseph Villalta The Ruth Group Tel: +646-536-7023 Email Contact
SOURCE: China TechFaith
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Copyright 2008 Market Wire, All rights reserved. ********************************************************************** As of Sunday, 06-29-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-06-2008 for CNTF @ $4.77. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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