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WASHINGTON (AP) - Vimicro International Corp., a Chinese company that makes processors for digital cameras, had a poor reception from investors on Tuesday, the company's first day of trading as a public stock.
The stock opened at $10.01 share on the Nasdaq Stock Market, up a cent from its offering price, and declined from there.
The American Depositary Receipts fell to $8.90 in afternoon trading.
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