UTSI - Sector: Services --- Industry: Communications Services

[setravis]

Profile:  


UTStarcom Inc.
1275 Harbor Bay Parkway
Alameda, CA 94502
United States - Map
Phone: 510-864-8800
Fax: 510-864-8808
Web Site: http://www.utstar.com

DETAILS  
Index Membership: S&P 400 MidCap
S&P 1500 Super Comp
Sector: Technology
Industry: Wireless Communications
Full Time Employees: 6,300


BUSINESS SUMMARY  
UTStarcom, Inc. engages in the design, manufacture, sale, and installation of a suite of Internet protocol (IP)-based wireline, wireless, optical, and switching solutions for the transportation of voice, data, and video traffic for telecommunications service providers. It operates in five business segments: Wireless Infrastructure, Broadband Infrastructure, Personal Communications Division, Handsets, and Services. The Wireless Infrastructure segment designs, builds, and sells software and hardware products that enable end users, or subscribers, to send and receive voice and data communication in either a fixed or mobile environment by using wireless devices. Its products include Personal Handyphone System, CDMA, and TD-CDMA. The Broadband Infrastructure segment designs, builds, and sells software and hardware products that enable end users to access fixed data, voice, and media communication. Its products include digital subscriber line products, multiservice access node products, fiber optics products, and IP-based television. The Personal Communications Division segment markets, sells, and supports handsets other than PAS handsets for markets other than China. Its products include batteries, hands-free kits, battery eliminators, cases, and data cables. The Handsets segment designs, builds, and sells consumer devices that allow customers to access wireless services. Its products include single, dual, and multimode handsets with cameras, video recorders, and players. The Services segment provides service and support for wireless infrastructure and broadband infrastructure customers in the areas of planning, deployment, operations, and ongoing maintenance. The company offers its products and services in China, North America, Africa, Asia, Central and Latin America, and the Middle East. UTStarcom was founded in 1991 and is headquartered in Alameda, California.

[setravis]

May have a nice little Double Bottom (reversal) Pattern
play here @  $2.63/2.64


52wk Range: 2.43 - 10.92
Volume: 5,687,460
Avg Vol (3m): 3,862,580

Technicals
Last Price Quote is:
8.43%above 13-day MA
-14.27%below 50-day MA
RS Rating: 4 

Fundamentals
Key Data:
Market Cap (M): $325.06 
P/E Ratio: NA 
PEG Ratio: -0.1 
Next Earnings: 11/09/2007
Last Analyst Rating: Underperform

[setravis]

TOP STORIES.......


UTStarcom Announces
Contract with India's Bharti Airtel
UTStarcom, Inc. (UTSI) announced a contract to supply its industryleading
RollingStream(TM) end-to-end IPTV solution to Bharti Airtel,
one of India's leading integrated telecommunications service providers
with more than 46 million customers. UTStarcom's RollingStream solution
will enable Bharti Airtel to offer a completely new service to its
customers consisting of live broadcast television, time-shifted TV and
video-on-demand (VoD) bundled with the operator's existing broadband
and voice services, which can all be consolidated into a single bill sent
to customers at the end of each month. Airtel expects to offer this new
service bundle to customers in Gurgaon and the National Capital Region
(NCR) by the end of the year. The service will also be rolled out in
a phased manner across eight additional regions in the country.

[setravis]

AP
Out of the Gate: UTStarcom
Tuesday September 18, 10:02 am ET 
UTStarcom Shares Rise in Early Trading Following Update on Turnaround Strategies


NEW YORK (AP) -- Shares of UTStarcom Inc. rose in early trading Tuesday, after the telecommunications equipment maker issued an update on its strategies to return to sustainable revenue growth and profitability.


Shares rose 12 cents, or 3.9 percent, to $3.21.

The company said in a conference call late Monday it is working to reduce quarterly operating expenses by $10 million to $15 million per quarter. It plans to outsource some operations, invest in Internet-protocol research and development, and make other changes.

UTStarcom also said it will restate several years worth of financial results due to an accounting issue within its Chinese operations. The company has been dealing with an investigation into its past stock options grants, and recently concluded a strategic review, deciding not to pursue a sale. Shares are down about 63 percent in the past six months.

Jefferies & Co. analyst Bill Choi maintained a "Hold" rating on shares with a $4.25 target price.

"UTStarcom continues to face substantial risks with respect to ongoing restructuring, continuing losses and liquidity concerns, but we believe the company has plans to address these issues," he wrote in a note to clients. "The stock could trade-up in the near-term in anticipation of successful execution of the strategy."

Banc of America Securities analyst Tim Long said the conference call lacked the details he was looking for, and cut his target price on the stock to $3 from $6.50.

He also said the company's future performance is not easy to predict, and has a weak position in most of its end markets. Long maintained a "Neutral" rating on shares.

[setravis]

BreakOut from the reaction high in the pattern ! 

UTStarcom Inc., up 36 cents at $3.45.
The maker of telecommunications equipment detailed plans to boost revenue growth and profitability, including efforts to reduce quarterly operating expenses by $10 million to $15 million and outsource some operations.

52wk Range: 2.43 - 10.92
Volume: 6,941,655
Avg Vol (3m): 3,862,580

Technicals
Last Price Quote is:
19.62%above 13-day MA
-3.75%below 50-day MA
RS Rating: 5 

Fundamentals
Key Data:
Market Cap (M): $325.06 
P/E Ratio: NA 
PEG Ratio: -0.111538 
Next Earnings: 11/09/2007
Last Analyst Rating: Underperform

Sept. 12, 2007
UTStarcom Gets Contract for Voice and Data Service in Pakistan
it received a multimillion dollar contract to provide voice and data services in Pakistan.

The company said it will provide the services to Bell & Tell Pvt. Ltd., a Pakistani affiliate of Worldcall Telecommunication Ltd., using passive optical network and voice over Internet protocol technologies.

[setravis]

Worth a look at today's closing chart.......  

[setravis]

Building up steam...
Nice looking volume day.

52wk Range: 2.43 - 10.92
Volume: 3,082,450
Avg Vol (3m): 3,772,960

Technicals
Last Price Quote is:
14.46%above 13-day MA
11.69%above 50-day MA
RS Rating: 9 

Fundamentals
Key Data:
Market Cap (M): $442.27 
P/E Ratio: NA 
PEG Ratio: -0.126923 
Next Earnings: 11/09/2007
Last Analyst Rating: Underperform

[setravis]

Some more.......

[setravis]

UTStarcom to Report First Quarter 2008 Financial Results on May 15, 2008
PR Newswire(Fri, May 9)

Our Cellphones, Ourselves

Verizon's GzOne, a sturdy flip phone from UTStarcom (nasdaq: UTSI - news - people ), offers another kind of functionality: It's built to resist water, dust and shock. If you own one, you're sending the signal that you're an outdoorsy, athletic type. Have an LG Voyager? The phone's large screen, full keyboard and high cost point to early adopters with voracious appetites for online surfing, texting and video watching. Though nearly a year has passed since the release of the iPhone, the handset still confers a cool, members-only type of status upon its owners, experts say.


In Pictures: What Your Cellphone Says About You

http://www.forbes.com/2008/05/12/cellphone-signals-personality-tech-wire-cx_ew_0512signals_slide_2.html?thisSpeed=20000

[setravis]

Thursday, May 15, 2008 - 2:02 PM PDT
UTStarcom swings to $25.4M Q1 profit

UTStarcom Inc. posted a first-quarter profit with sales up in its personal communications division.

UTStarcom (NASDAQ: UTSI) on Wednesday reported first-quarter net income of $25.4 million, or income of 21 cents per share, compared with a net loss of $54 million, or a loss of 45 cents per share, in the first quarter of 2007. The Alameda company trimmed its operating loss by more than 40 percent, to $30.9 million compared with $52.3 million in the year-ago quarter.

Net sales for the quarter came in at $586 million, up from $475.9 million in the year-ago quarter.

Analysts polled by Thomson Financial had expected a loss of 10 cents per share on revenue of $549.6 million.

UTStacom reported a gain on sale of investments of $48.3 million and a net $8.5 million tax benefit in China due mainly to a change in withholding tax laws.

UTStacom had cash, cash equivalents and short term investments of $305 million at the end of the quarter, and total debt of $36 million after paying off $290 million of convertible notes and accrued interest during the quarter.

"During the first quarter we made progress in moving the company forward in terms of both financial and operational results," Peter Blackmore, UTStarcom's president and chief operating officer, said in the company's earnings release. "Our core areas of Multimedia Communications and Broadband continued to win new business in key markets while the Personal Communications Division's results benefited from the introduction of new high-end products. While we are encouraged by this quarter's developments, we recognize that this is only a step along our turnaround path and we will continue to push for improvements throughout the company's activities."

For the second quarter, UTStacom said it expects revenue to be in the range of $580 million and $610 million.

[setravis]

AP
UTStarcom sees 2Q revenue rising up to 13 percent
Thursday May 15, 5:31 pm ET 
UTStarcom expects 2nd-quarter revenue to climb up to 13 percent


ALAMEDA, Calif. (AP) -- Telecommunications equipment maker UTStarcom Inc. said Thursday that it expects its second-quarter revenue to rise up to 13.3 percent year over year.
The company predicted revenue of $580 million to $610 million for the period, compared with $538.2 million in the same quarter last year.

Analysts polled by Thomson Financial expect second-quarter revenue of $593.9 million.

UTStarcom shares rose 30 cents, or 6.7 percent, to close at $4.78. The stock has ranged from $2.23 to $7.36 over the past year.

[wpSoft2008]

Once it up to $5.00, it will go up to $10.00 soon.

[setravis]

This is truly a turnaround story.......
Improving Fundamentals picture, is being confirmed by the chart....Just look at the volume, growth potential here is tremendous.
This rally has very strong legs, and with 25mil shares short... they are trapped and can only be used now as rocket fuel.

Technicals
Last Price Quote is:
-3.41%below 13-day MA
6.67%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $575.46 
P/E Ratio: NA 
PEG Ratio: -0.390909 
Next Earnings: 10/16/2008
Last Analyst Rating: Underperform

[setravis]

Monday, July 7, 2008 - 1:23 PM PDT
UTStarcom wraps up $240M sale of unit to AIG, exec gets $1.5M bonusSan Francisco Business Times - by Steven E.F. Brown

UTStarcom Inc. completed the sale of its "personal communications" division, which sells phone handsets, to a unit of AIG Investments for about $240 million.

The $240 million price is "subject to certain adjustments," the company said. In a regulatory filing, UTStarcom said $24.3 million of the price is subject to escrow.

The division will be renamed Personal Communications Devices LLC and will be run by the managers who led it at UTStarcom -- they will will own part of the company.

Philip Christopher, who ran the operation for UTStarcom, will be paid a bonus of $1.5 million as he leaves the company to take his new job at Personal Communications Devices, and UTStarcom will pay a premium in the amount of $52,221 on his life insurance policy.

The buyer was a new entity controlled by AIG Vantage Capital, part of AIG Investments. American International Group Inc. (NYSE: AIG) is based in New York.

The deal means Alameda-based UTStarcom (NASDAQ: UTSI) could be paid up to $50 million more over three years.

Selling off the 193-employee division was part of the company's strategy, adopted last year, of focusing on Internet protocol technology sales to developing countries. In a Securities and Exchange Commission filing, the company said the strategy "will provide sufficient liquidity" to pay for company operations over the next year.

Though it made a profit of $25.4 million in the quarter ended March, UTStarcom lost $195.6 million in 2007, on top of losses of $117.3 million in 2006 and $532.6 million in 2005. Its accumulated deficit as of March 31 -- how much money it has lost since it started -- was $665.8 million.

Peter Blackmore is president and CEO of UTStarcom.

[setravis]

AP
UTStarcom sells cell-phone distribution unit
Monday July 7, 6:00 pm ET 
UTStarcom sells cell-phone distribution unit to AIG Investments for about $240 million


ALAMEDA, Calif. (AP) -- UTStarcom Inc. said Monday it has completed its sale of the telecommunications company's cell-phone distribution division to a unit of AIG Investments for about $240 million.
In a regulatory filing Monday, UTStarcom said $24.3 million of the price is subject to escrow, and the amount may be subject to an adjustment. UTStarcom could also be paid up to $50 million more in 2011 based on the earnings of the division.


Philip Christopher, the former president of the personal communications division, will be paid $1.5 million for termination of his employment related to the sale.

UTStarcom will also pay a $52,221 life insurance premium for Christopher's benefit.

UTStarcom has been selling off units to focus on making Internet TV set-top boxes, particularly for the Chinese and Indian markets, where cable TV service is less common than in the U.S.

Shares of UTStarcom stock rose 47 cents, or 10.22 percent, to $5.07 Monday, before dropping 18 cents, or 3.55 percent, to $4.89 in after-hours trading.