01:01 PM EST - Mitec Telecom : a designer and provider of RF products for telecommunications, on Thursday reported a significant reduction in its third quarter loss compared to year ago period. Mitec posted for the quarter narrower net loss of $1.4 million, or $0.01 per share compared to $2.6 million, or $0.02 per share in the same period last year. Mitec's earnings before interest, taxes, depreciation and amortization were $206 thousand, marking the first positive cash flow since early 2004. Mitec Telecom
shares T.MTM are trading up 3.03 percent at $0.17.
