Telestone Technologies reiterates 2009 outlook for $70M in revenue

Telestone Technologies reiterates 2009 sales view

SAN FRANCISCO — Telestone Technologies Corp., which sells wireless network services and communications gear in China, on Friday reiterated its 2009 outlook for $70 million in revenue.

The company said that network installations for 3G, or third-generation, wireless networks sped up during the year, and that revenue was highest in the fourth quarter.

Telestone shares rose 21 cents, or 1.5 percent, to $14.10.