* Says Beijing Tianyu orders 1.5 mln more units/quarter
* Shares rise 36 pct
Sept 21 Shares of Chinese mobile phone maker
Zoom Technologies Inc ZOOM.O rose 36 percent after it said it
received an order for more units from Beijing Tianyu
Communication Equipment Co Ltd, a key customer.
Mobile phone manufacturer Beijing Tianyu, Zoom's largest
electronic manufacturing service (EMS) customer, has placed an
order for an additional 1.5 million units per quarter,
beginning in the fourth quarter of 2010, Zoom said.
Zoom's earlier contract with Beijing Tianyu, which
accounted for 15 percent of total sales for the six months
ended June 30, called for the supply of 2.2 million units per
quarter, the company said.
Zoom sells mobile phones under the Leimone brand to major
Chinese carriers such as China Mobile (0941.HK), China Unicom
(0762.HK) and China Telecom (0728.HK).
The company, which also makes cable TV set-top boxes and
other telecommunications devices for OEMs including Samsung
Electronics (005930.KS), Palm Inc and Spreadtrum SPRD.O, has
of late seen a surge in sales helped by large increases in
orders from domestic EMS customers.
Zoom shares, which have shed 69 percent of their value over
the last year, were up 28 percent at $4.58 in early trade
Tuesday on Nasdaq. The shares were among the top percentage
gainers on Nasdaq.
More than one million shares changed hands by 1440 GMT,
about 20 times the stock's ten-day moving average.
(Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Don