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Vancelnfo and Camelot Information downgraded at Oppenheimer

As noted earlier, Oppenheimer downgraded Chinese IT services companies VanceInfo (NYSE:VIT) and Camelot (NYSE:CIS) to Perform from Outperform. The firm downgraded the stocks because it has limited confidence in financial statements for Chinese IT services companies that have been audited by Deloitte, after the SEC launched an inquiry into Longtop Financial (NYSE:LFT).