Top Ten Movers and Shakers in Telecom
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.