Edition:
United States

UTStarcom Holdings Corp (UTSI.OQ)

UTSI.OQ on NASDAQ Stock Exchange Global Select Market

6.44USD
11:02am EST
Change (% chg)

$0.21 (+3.37%)
Prev Close
$6.23
Open
$6.23
Day's High
$6.45
Day's Low
$6.23
Volume
68,595
Avg. Vol
41,829
52-wk High
$6.45
52-wk Low
$1.67

Latest Key Developments (Source: Significant Developments)

Qiao Zhongxing Reports 9.9 Percent Stake In UTStarcom
Friday, 8 Dec 2017 04:40pm EST 

Dec 8 (Reuters) - UTStarcom Holdings Corp ::QIAO ZHONGXING REPORTS 9.9 PERCENT STAKE IN UTSTARCOM HOLDINGS CORP AS OF NOVEMBER 28 - SEC FILING.  Full Article

UTStarcom reports Q3 earnings per share of $0.06
Monday, 20 Nov 2017 06:00am EST 

Nov 20 (Reuters) - UTStarcom Holdings Corp :UTStarcom reports unaudited financial results for the third quarter of 2017.Q3 non-GAAP earnings per share $0.07.Q3 earnings per share $0.06.Q3 revenue rose 58.9 percent to $26 million.  Full Article

UTStarcom announces withdrawal of preliminary non-binding proposal to acquire the company
Wednesday, 25 Oct 2017 06:00am EDT 

Oct 25 (Reuters) - UTStarcom Holdings Corp :UTStarcom announces withdrawal of preliminary non-binding proposal to acquire the company.UTStarcom Holdings - ‍special committee of board received notice to withdraw preliminary non-binding take-private proposal letter dated March 31.UTStarcom -got notice from Shah Capital Opportunity, Himanshu Shah, Hong Liang Lu, and Tenling Ti to withdraw preliminary take-private proposal letter​.  Full Article

Shah Capital along with consortium withdraws proposal to buyout UTStarcom Holdings
Monday, 23 Oct 2017 12:10pm EDT 

Oct 23 (Reuters) - UTStarcom Holdings Corp :Shah Capital along with consortium withdraws proposal to buyout UTStarcom Holdings Corp - SEC filing.  Full Article

Shanghai Phicomm communication writes to UTStarcom Holdings board
Wednesday, 11 Oct 2017 07:50am EDT 

Oct 11 (Reuters) - Shanghai Phicomm Communication: :Shanghai Phicomm Communication writes to UTStarcom Holdings board - sec filing.Shanghai Phicomm Communication expresses concern related to possible action by UTStarcom Holdings to adopt one or more anti-takeover measures.Shanghai Phicomm Communication says UTStarcom Holdings might take steps to discourage shareholders from increasing their shareholding in the company.Shanghai Phicomm Communication says it owns, along with its units and affiliates, about 14.1 percent stake in UTStarcom Holdings as of Oct 6.  Full Article

Shanghai Phicomm intends to oppose Utstarcom Consortium members’ proposal
Friday, 9 Jun 2017 04:36pm EDT 

June 9 (Reuters) - Utstarcom Holdings Corp ::Shanghai Phicomm-intend to oppose Utstarcom Consortium members’ proposal,any going private deal for utstarcom from Shah Capital proposal - sec filing.  Full Article

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

BRIEF-Qiao Zhongxing Reports 9.9 Percent Stake In UTStarcom

* QIAO ZHONGXING REPORTS 9.9 PERCENT STAKE IN UTSTARCOM HOLDINGS CORP AS OF NOVEMBER 28 - SEC FILING Source: (http://bit.ly/2jbYDCb) Further company coverage: