Posts Tagged ‘YTEC’

Yucheng Shows How Dire Chinese Bank Situation Is (YTEC)

Yucheng Technologies Limited (NASDAQ: YTEC) is getting killed after the IT-solutions provider for Chinese banks reported earnings.  The company’s guidance for 2010 is awful as a direct play on Chinese bank spending post-cuts that have now been mandated. The company is offering some clarity over the Chinese loan-halt situation: “We believe that the prospective reserve [...]

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