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Qiao Xing Universal Telephone Inc

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December 29, 1999 | Bloomberg News
The sizzling telecom sector plus the lucrative Chinese consumer market apparently equals twice the excitement. Qiao Xing Universal Telephone Inc. shares zoomed more than sixfold Tuesday after the telephone-equipment maker said its application to make wireless phones with a popular technology is under review by the Chinese government. Qiao Xing, which trades on Nasdaq under the symbol XING, rose $42.88 to $51, after earlier leaping to $70. The stock traded at $2.75 as recently as Nov. 12.
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BUSINESS
December 29, 1999 | Bloomberg News
The sizzling telecom sector plus the lucrative Chinese consumer market apparently equals twice the excitement. Qiao Xing Universal Telephone Inc. shares zoomed more than sixfold Tuesday after the telephone-equipment maker said its application to make wireless phones with a popular technology is under review by the Chinese government. Qiao Xing, which trades on Nasdaq under the symbol XING, rose $42.88 to $51, after earlier leaping to $70. The stock traded at $2.75 as recently as Nov. 12.
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