Hong Lu, the Company's current Chief Executive Officer and a director of the Company, also agreed to settle with the SEC without admitting or denying the allegations in the SEC's complaint, by paying a civil penalty of $100,000 and consenting to a permanent injunction on similar terms as the Company. Mr. Lu's settlement is subject to a final judgment by a United States District Court.
Lu and UTStarcom Inc. (Nasdaq: UTSI) don't have to admit guilt related to their recent investigation. And having a public company CEO that is told to pay a six-figure sum to a government agency doesn't sound guilty at all, does it?
Machine learning is primed to help service providers run more efficient and effective networks, but first the good ideas have to make their way from the lab to the real world – and that's a big challenge, according to the University of Chicago's Nick Feamster.