The share price for China Medical Technologies (中国医疗技术公司) dropped sharply after the company lowered guidance for Q1 (ended June 30) and Q2 of 2010. China Medical blamed the shortfall entirely on an outside cause: an anonymous letter to the company challenged its recent accounting statements, forcing management into spending time investigating the allegations instead of concentrating on China Medical’s ongoing operations. More details..

Stock Symbol: (NSDQ: CMED)