Pre-market: Qiao Xing Universal Telephone, Sierra Wireless and Transmeta lead small-cap volume

Qiao Xing Universal Telephone, Inc. (Nasdaq: XING), Sierra Wireless, Inc. (Nasdaq: SWIR) and Transmeta Corp. (Nasdaq: TMTA) are among the most actively traded companies in Friday pre-market trading among those with market capitalizations under $750 million:
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