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Asiainfo Holdings, Inc. (ASIA) [hlAlert]

Rating:
Outperform
ASIA
down 40.46 %

Asiainfo Holdings, Inc. (ASIA) rated Outperform with price target $29 by Wedbush

Posted on: Wednesday,  Nov 3, 2010  8:25 AM ET by Wedbush

Wedbush rated Outperform Asiainfo Holdings, Inc. (NASDAQ: ASIA) on 11/03/2010. Previously Wedbush rated Outperform Asiainfo Holdings, Inc. (NASDAQ: ASIA) on
07/29/2010., when the stock price was $20.09. Since then, Asiainfo Holdings, Inc. has lost 40.47% as of 01/15/2014's recent price of $11.96.
If you would have followed the previous Wedbush 's recommendation on ASIA, you would have lost 40.46% of your investment in 1266 days.

Asiainfo Holdings, Inc. (AsiaInfo) provides telecommunications software solutions and information technology (IT) security products and services in China. The Company's operations are organized into two divisions: AsiaInfo Technologies (China) Inc. (AsiaInfo Technologies) and Lenovo-AsiaInfo Technologies, Inc. (Lenovo-AsiaInfo). AsiaInfo Technologies encompasses the Company's traditional telecommunications business and provides software and solutions to China's telecommunications carriers. Lenovo-AsiaInfo provides IT security products and services. During the year ended December 31, 2008, approximately 83.7% of the Company?s total revenue was contributed by AsiaInfo Technologies, while the remaining revenue was contributed by Lenovo-AsiaInfo. On April 9, 2008, the Company acquired Beijing AKS, which provides firewall software.

Wedbush is Headquartered in Los Angeles, California with over 90 offices and more than 125 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. We deliver superior investment ideas and products through exceptional customer care, financial security, continuity and advanced technology.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/3/2010 8:25 AM Buy
None
20.52 29.00
as of 12/31/2010
1 Week up  8.38 %
1 Month up  8.64 %
3 Months down  -8.31 %
1 YTD down  -11.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/29/2010 10:25 AM Buy
None
20.09 35.00

(*) Stock Price at the time of the recommendation.
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