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TORONTO - Whether it is a stroll on the beach, sitting in a tranquil garden or a trip in the space shuttle, researchers are testing a new iPhone app in a mass experiment to see if it is possible to craft the perfect dream. Full Article
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Zoom Technologies posts fourth-quarter loss
Mon Apr 16, 2012 5:11pm EDT
(Reuters) - Zoom Technologies (ZOOM.O) posted a fourth-quarter loss, hurt mainly by less profitable manufacturing contracts, sending the Chinese mobile company's shares down 13 percent in aftermarket trade.
Net loss for the quarter was $2 million, compared with a net income of $5.1 million in the year-ago period.
Revenue for the company, which supplies to Samsung Electronics Co Ltd (005930.KS) and China Mobile Communications Corp CHNMC.UL, rose 60 percent to $139 million.
The company was also hurt by acquisition-related costs and increase in R&D expenditure.
Shares of the company were trading down 13 percent at $1.22 in aftermarket trade. They closed at $1.40 on Monday on the Nasdaq.
(Reporting by Chandni Doulatramani in Bangalore; Editing by Sriraj Kalluvila)
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