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UTStarcom Reports Big Profit

Access and wireless gear maker UTStarcom Inc. (Nasdaq: UTSI), apparently oblivious to the telecom recession, says the first quarter of 2003 was the best in its 12-year history. The company says its net profits rose 113 percent for the period ended March 31; it has also raised earnings expectations for the remainder of 2003.

UTStarcom reported net income of $37.3 million, or 33 cents a share, compared to $17.5 million, or 15 cents a share for the year-ago quarter. UTStarcom's net sales for the quarter were $330.5 million, compared to $183.7 million for the first quarter of 2002. It expects revenues for the second quarter of 2003 to be in the range of $380 million to $390 million, with earnings per share of either 29 or 30 cents on a GAAP basis.

The Alameda-based equipment maker's success isn't that surprising, considering its roots are about as Californian as The Great Wall...

You may read the complete story here on Light Reading's sister site devoted to the world of wireless, Unstrung.

mdwdm 12/5/2012 | 12:12:46 AM
re: UTStarcom Reports Big Profit "The Alameda-based equipment maker's success isn't that surprising, considering its roots are about as Californian as The Great Wall..."

I grew up next to the Great Wall and these
bustards are mostly from the Indepedent Taiwan.

Damn, these bustards can make big profit and
I can hardly make a buck from my web site.
They don't even send me a penny.

Life is not fair. Go cisco Go.
Fortunecookie 12/5/2012 | 12:12:37 AM
re: UTStarcom Reports Big Profit No, they are not from Taiwan. They are from Mainland China.

The head graduated from NJIT, served at Lucent/Bell Lab for coupel of years and then went back to China to start his own business.
BobbyMax 12/5/2012 | 12:12:18 AM
re: UTStarcom Reports Big Profit It is really an outstanding performance by UTStarcom. Besides company's performance in DSLAMs, it is branching out in wireless, softswitches and wireless.

The Chinese origin of the company would allow it to do business in Japan, Korea and the entire southeast Asia. No other company in this geographical area. Since the muslim countries in Southeast Asia are not likely to buy from the US companies, UTStarcom is likely to establish its formidable presence.
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