For the full-year 2012, Telestone (TSTC:$3.46,00$-0.20,00-5.46%) expects revenues to increase to approximately $117 million.
"Despite a lull in capital spending surrounding a transition in wireless technology from 3G to 4G, we remain optimistic regarding continued growth in 2012. We continue to expect the WFDS business will be our major growth driver, and we expect TIPS to begin to play a meaningful role in 2012. We will continue to invest in the development of innovative new products and services, while diversifying our geographic and customer mix. We expect that 2012 will be a rewarding year for Telestone (TSTC:$3.46,00$-0.20,00-5.46%) and our industry," concluded Mr. Han.