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Top Ten Movers and Shakers in Telecom

Light Reading
11/18/2003
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Mr. Lu – Who Knew? Under CEO Hong Lu's leadership, UTStarcom Inc.'s (Nasdaq: UTSI) success in mainland China has been remarkable. Of course, having China Telecommunications Corp. (NYSE: CHA) as a major customer certainly helped the company see its products deployed in about 600 of the country's 2,400 local telecom bureaux (see UTStarcom Pumps Up PAS, UTStarcom Wins in China Yet Again, and UTStarcom Wins Big in China). But Lu and his team were savvy enough to figure out that it needed to expand beyond China's borders. Indeed, the company projects that 25 percent of its sales will be outside of mainland China in 2003.

Then there's the phenomenal growth. From 2001 to 2002, when most public telecom companies had lost their luster, UTStarcom kept growing – revenues and gross profits grew more than 50 percent each, year-to-year, from 2001 to 2002. And, at last count, the company expects revenues for 2003 to be in the range of $1.80 billion to $1.82 billion (see UTStarcom Profits, Revenues Growing).

But the road ahead won't be easy for Lu. He's got to make sure Wall Street stays calm when it realizes that his company's sales growth probably won't continue at the same incredible pace as it has so far. He's also got to show the world that the acquisition of 3Com Corp.'s (Nasdaq: COMS) CommWorks division – a move that appeared more like something UTStarcom's Oakland, Calif. neighbor, Zhone Technologies Inc. (Nasdaq: ZHNE), would do – was not a mistake (see 3Com Completes CommWorks Sale). He's got to turn that $100 million buy into some real carrier business here in North America, where UTStarcom is all but absent.

Lu is fluent in Mandarin, Cantonese, Japanese, and English, but will he have trouble speaking Wall Street's language? We don't think so. And that's why he's high on our list.

 
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sir-wish-pro-wide-her
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sir-wish-pro-wide-her,
User Rank: Light Beer
12/4/2012 | 11:14:43 PM
re: Top Ten Movers and Shakers in Telecom
1. You guys are seem a bit harsh on those that seem to have fallen from grace
2. Is there a typo in Really Horrible Haiku"? Is it supposed to be Hagger The Horrible?
3. I think you missed one more deserving entry in the "Has Been Bin". I would have included the lightreading staff member that had picked the previous top 10 movers and shakers :-)
btierney
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btierney,
User Rank: Light Beer
12/4/2012 | 11:14:42 PM
re: Top Ten Movers and Shakers in Telecom
oops was refering to anderson and ferri
btierney
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btierney,
User Rank: Light Beer
12/4/2012 | 11:14:42 PM
re: Top Ten Movers and Shakers in Telecom
and these guys really thought they could walk on water....
DCITDave
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DCITDave,
User Rank: Light Beer
12/4/2012 | 11:14:41 PM
re: Top Ten Movers and Shakers in Telecom
You admit that Lucent isn't performing well and yet you suggest we put Pat on our list because she's a woman?

Or because Fortune called her a powerful woman?

That sounds like the wrong thing to do for all the wrong reasons.

ph

P.S. Fortune magazine called Enron "America's Most Innovative Company" for six consecutive years.
Tony Li
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Tony Li,
User Rank: Light Beer
12/4/2012 | 11:14:41 PM
re: Top Ten Movers and Shakers in Telecom

Is it just me, or are all of the links pointing to their staging area?

Tony
Scott Raynovich
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Scott Raynovich,
User Rank: Light Sabre
12/4/2012 | 11:14:41 PM
re: Top Ten Movers and Shakers in Telecom
no, it's not you... we screwed up.

we are fixing, but in the meantime the links on the left-hand side of the page in the black bar will get you where you need to go
indica1019
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indica1019,
User Rank: Light Beer
12/4/2012 | 11:14:41 PM
re: Top Ten Movers and Shakers in Telecom
It's shameful that Lightreading contributes to the sexism in the telecom industry by not including a single woman on the Top Ten list.

While Fortune has put Pat Russo on it's 10 Most Powerful Women in Business again this year, she apparently doesn't make LR's cut. Lucent might not be at the top of it's game, but it's a hell of lot better off after Pat's tough decisions that none of her predecessors had the balls to make.

LR editors - when are you going to wake up from your cozy British boy's club and realize that the rest of the world has moved on? Get with it, mates.
dodo
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dodo,
User Rank: Light Beer
12/4/2012 | 11:14:40 PM
re: Top Ten Movers and Shakers in Telecom
you may disagree but Pat's tough decisions were made(are being taken) to ensure that she together with her ilks can continue to fill their pockets whilst a lot of talent may be queuing in the food line once their severance and unemployment run out.

What innovative or groung-breaking decisions has she taken so far to sustain the business ?
Zilch !

Hence she has no place in the top ten JMHO
DCITDave
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DCITDave,
User Rank: Light Beer
12/4/2012 | 11:14:39 PM
re: Top Ten Movers and Shakers in Telecom
re: "Hey Phil -- aren't you from Texas?"

Yep.

re: "What's this 'cozy Brit boys club' that indica's talking about?"

Dunno. Maybe someone's been reading Orwell's "Burmese Days" and they think I'm Ellis.
sevenbrooks
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sevenbrooks,
User Rank: Light Beer
12/4/2012 | 11:14:39 PM
re: Top Ten Movers and Shakers in Telecom

I would have nominated Pat Russo for perhaps the worst CEO in telecom. She needs to cut horrible businesses and move along. Yet, she refuses to do so at the peril of Lucent. Its still a dog, its shrinking and no obvious path to growth.

Get rid of the dead wood.

Jim
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