03:20 PM EST - Vecima Networks Inc. : reported financial results for the fiscal 2012 first quarter ended September 30, 2011. Vecima's first quarter fiscal 2012 revenue of $20.0 million decreased 5% as compared to the fourth quarter of fiscal 2011 due primarily to further weakening in Vecima's legacy product orders. Vecima's loss per share narrowed from $2.3 million in the fourth quarter of fiscal 2011 to $0.7 million in the first quarter of fiscal 2012, despite posting lower revenue in Q1. Vecima Networks Inc.
shares T.VCM are trading down $0.19 at $2.95.
