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UTStarcom Holdings Corp (UTSI.OQ)

UTSI.OQ on NASDAQ Stock Exchange Global Select Market

2.14USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Utstarcom provides update on form 20-F filing
Wednesday, 24 May 2017 06:30am EDT 

May 24 (Reuters) - Utstarcom Holdings Corp : :Utstarcom provides update on form 20-f filing.Utstarcom Holdings Corp - on May 19, 2017, co received letter from listing qualifications NASDAQ.Utstarcom - letter stating that since co has not yet filed annual report on form 20-F, it is no longer in compliance with rules for continued listing.Utstarcom Holdings Corp - company has until July 18, 2017 to submit to NASDAQ a plan to regain compliance.  Full Article

UTStarcom says gets preliminary non-binding proposal to acquire co
Friday, 31 Mar 2017 10:36am EDT 

UTStarcom Holdings Corp : Says preliminary proposal to acquire co from consortium of investors for us$2.15 in cash/share . UTStarcom announces receipt of a preliminary non-binding proposal to acquire the company . Board formed special committee consisting of 2 independent and disinterested directors, Sean Shao, Xiaoping Li to consider proposal . Received preliminary non-binding proposal letter from consortium members to acquire all co's shares not owned by consortium members .Consortium members consist of Shah Capital Opportunity Fund LP, Himanshu Shah, Hong Liang Lu and his affiliates, Tenling Ti.  Full Article

Shah Capital, with consortium proposes to buyout Utstarcom
Friday, 31 Mar 2017 06:28am EDT 

Shah Capital Opportunity Fund : At $2.15 in cash per ordinary share - SEC filing . Shah Capital Opportunity - interested only in proposed transaction, and do not intend to sell their shares in any other deal involving Utstarcom Holdings . Shah Capital along with consortium intend to finance transactions to buyout Utstarcom Holdings through equity capital .Shah Capital along with consortium say prepared to negotiate and finalize terms of proposed deal for Utstarcom Holdings in definitive transaction documents.  Full Article

UTStarcom Q4 basic loss per share $0.03
Friday, 10 Mar 2017 04:17am EST 

UTStarcom Holdings Corp : UTStarcom reports unaudited financial results for the fourth quarter and full year 2016 . Q4 revenue fell 18.6 percent to $21.2 million . Sees Q1 2017 revenue $18 million to $22 million .Says basic loss per share for Q4 of 2016 was $0.03.  Full Article

UTStarcom Q2 gaap earnings per share $0.13
Friday, 12 Aug 2016 04:13am EDT 

Utstarcom Holdings Corp : Q2 non-gaap earnings per share $0.15 . Q2 revenue fell 35 percent to $20 million . UTStarcom reports unaudited financial results for the second quarter of 2016 . Q2 gaap earnings per share $0.13 . Sees Q3 2016 revenue $15 million to $20 million .For Q3 of 2016, company expects to generate non-gaap revenue in range of $15 million to $20 million.  Full Article

UtStarcom Q1 non-gaap earnings per share $0.01
Friday, 13 May 2016 05:00am EDT 

Utstarcom Holdings Corp : UtStarcom reports unaudited financial results for the first quarter of 2016 . Q1 non-gaap earnings per share $0.01 . Q1 GAAP loss per share $0.03 . Q1 revenue fell 31.6 percent to $22.6 million .Sees Q2 2016 revenue $15 million to $20 million.  Full Article

UTStarcom Holdings Corp announces change of auditor
Tuesday, 21 Jul 2015 05:56am EDT 

UTStarcom Holdings Corp:Says has dismissed PricewaterhouseCoopers Zhong Tian LLP and appointed GHP Horwath, P.C. as Company's independent auditor effective July 21, 2015.  Full Article

More From Around the Web

BRIEF-Utstarcom provides update on form 20-F filing

* Utstarcom Holdings Corp - on May 19, 2017, co received letter from listing qualifications NASDAQ