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Last $0.0050 USD
Change Today 0.00 / 0.00%
Volume 0.0
TSTC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/23/15 All times are local (Market data is delayed by at least 15 minutes).

telestone technologies corp (TSTC) Snapshot

Open
$0.0050
Previous Close
$0.0050
Day High
$0.03
Day Low
$0.0021
52 Week High
05/29/14 - $0.22
52 Week Low
11/13/14 - $0.0001
Market Cap
61.7K
Average Volume 10 Days
9.1K
EPS TTM
$-0.69
Shares Outstanding
12.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TELESTONE TECHNOLOGIES CORP (TSTC)

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telestone technologies corp (TSTC) Details

Telestone Technologies Corporation offers wireless local-access network technologies and solutions primarily in the People’s Republic of China. It designs, engineers, and sells radio frequency (RF) based local-access network solutions for indoor and outdoor wireless coverage, IP-based products for Internet access, and unified local-access network solutions based on its ‘Wireless and Fiber-Optics Distribution System’ technology. The company provides electronic equipments, such as wireless fiber-optic distribution system products, RFPA products, passive components, repeaters, radio frequency peripherals, and base station antennas used to provide access network solutions for 2G, 3G, broadband access, and CATV networks. It also offers project design, project management, installation, maintenance, and other after-sales services. The company provides its solutions to the telecommunications industry for use in indoor and outdoor environments, including hotels, residential estates, office buildings, airports, exhibition centers, underground stations, highways, and tunnels. Telestone Technologies Corporation was founded in 1987 and is headquartered in Beijing, the People's Republic of China.

1,430 Employees
Last Reported Date: 11/19/12
Founded in 1987

telestone technologies corp (TSTC) Top Compensated Officers

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Executives, Board Directors

telestone technologies corp (TSTC) Key Developments

Glancy Binkow & Goldberg LLP Files Class Action Lawsuit against Telestone Technologies Corporation

Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of a class comprising purchasers of the securities of Telestone Technologies Corporation between March 31, 2010, and April 16, 2013, inclusive. The Complaint alleges that the Company misrepresented that its financial statements were presented in accordance with Generally Accepted Accounting Principles and that its policy was to recognize revenues only if collectability was reasonably assured. However, the Complaint further alleges that defendants knew or recklessly disregarded and failed to disclose that: in one of Telestone’s main segments, it had only collected 0.8%, 22.9%, and 21.5%, of its 2009, 2010, and 2011 revenues, respectively; Telestone’s average collections period exceeds one year, even though payments were purportedly due upon customers’ acceptance of Telestone’s products or service; Telestone only invoiced customers after it received payment, purportedly for tax reasons, and its China-filed tax returns claimed far less revenues than its financial statements filed with the U.S. Securities and Exchange Commission; it is impossible for Telestone timely to collect its receivables; (5) as of December 31, 2009, over $26.6 million of Telestone’s accounts receivable were at least one year old, with the amounts increasing to $49.2 million and $66.6 million by December 31, 2010 and 2011, respectively; and Telestone did not keep centralized records of its accounts receivable, and to obtain a purported accounting of its accounts receivable took two months’ work from a 10-member team.

NASDAQ To File Form 25 To Complete Delisting Of Telestone Technologies

The NASDAQ Stock Market announced that it will delist the common stock of Telestone Technologies Corp. Telestone Technologies Corp.'s stock was suspended on June 03, 2013 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting become effective ten days after the Form 25 is filed.

Telestone Technologies Corp.(OTCPK:TSTC) dropped from NASDAQ Telecom Index

Telestone Technologies Corp. will be removed from NASDAQ Telecom Index.

 

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