Cogo

("Cogo" or the "Company") (Nasdaq: COGO - News), a leading gateway for global semiconductor companies to access the Industrial and Technology sectors in China, today announced its preliminary unaudited financial results for the fourth quarter of 2010.

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Jeffrey Kang, CEO of Cogo, commented, We are very pleased with Cogo's business results in the fourth quarter and expect to continue to demonstrate strong growth in 2011.

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It's my goal for Cogo to reach one billion dollars in annual sales in the next few years.

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Essentially, Cogo offers a cost effective way for our component partners to reach these fast growth end-markets in China and we decrease time to market for our customers.

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As we enter the earnings stage of 2011, I feel that Cogo is entering a critical stage.

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Mr. Kang said, I remain very encouraged by the Cogo team's strong execution.

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Headquartered in Shenzhen, Cogo procures core technologies from leading global semiconductor suppliers and develops customized modules for our end market customers.

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I'm committed to driving Cogo to $1 billion in revenue in next few years, and I am focused to make this growth profitable and within the bound of our 10% operating margin target.

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For those unfamiliar with the company, Cogo until recently named Comtech is a middleman within the semiconductor arena that designs, at no cost, products for customers and then attempts to get the customer to source some of the supplies for the custom-designed product through Cogo.

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So for the Cogo-like company, I'm not going to say the wage increasing is an issue to us.

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