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Cogo Group, Inc. Message Board

  • mamabearsucks mamabearsucks Feb 12, 2009 4:03 PM Flag

    Where's the 2009 guidance promised?

    All i see is q1 guidance, and some general statement about how they expect their 4 segments to grow in 2009. Gee, thanks for the hard numbers. ugh.

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    • I thought I saw 25% top line growth in the statement.

      • 1 Reply to tonytrin71
      • The line you saw was they expected to grow revenues 25% for 2008. yes, for 2008. Remember these results are preliminary and "unaudited" so everything they've reported today isn't final. Therefore they have to say that they expected to grow revenues for 2008 at a 25% clip.

        But I went through it again and I still don't see anything for 2009 other than gross and operating margins. But then again, that might just be for q1 only as well.

    • I hear ya'. This from their press release on january 20th:

      SHENZHEN, China, Jan. 20 /PRNewswire-FirstCall/ -- Cogo Group, Inc. (Nasdaq: COGO - News), a leading provider of customized module design solutions for more than 1000 technology product manufacturing companies based in China, today announced that it will host a conference call at 4:30 p.m. Eastern Time on Thursday, February 12, 2009 to report unaudited earnings results for the fourth quarter of 2008 and provide business outlook for the year of 2009.

      I'm just guessing that with the business environment, they don't want to get stuck with guiding for the year. Q1 guidance looks ok. Given the move in the stock of late, this seems expected.

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