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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerChina Techfaith Wireless Communication Technology (NASDAQ: CNTF) is
a mobile handset maker in the People's Republic of China. Products include smart phones, feature phones, wireless modules, data cards, printed circuit boards and wireless software. Services involve hardware design, component selection, sourcing, prototype testing, pilot production and production support. The firm creates sets for platforms developed by Philips (NYSE: PHG), Texas Instruments (NYSE: TXN) and Skyworks Solutions (NASDAQ: SWKS). Customers include leading Chinese and international mobile handset brand owners.
The firm pleased investors last week, when it reported Q4 EPS of seven cents and revenues of $45.7 million. Analysts had been expecting four cents and $43.3 million. Management also guided Q1 revenues to $48-$49 million ($42.86M consensus) and disclosed plans to work with Google (NASDAQ: GOOG) to develop a phone based on that firm's Android operating system.
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