UTSTARCOM Superzahlen !!!

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27.10.00 10:45 #1 UTSTARCOM Superzahlen !!!
Thursday October 26, 4:02 pm Eastern Time
Press Release
SOURCE: UTStarcom, Inc.
UTStarcom Reports Third Quarter Results
Revenues Up by 89% Over Previous Year
Pro Forma Earnings per Share $0.14
ALAMEDA, Calif., Oct. 26 /PRNewswire/ -- UTStarcom, Inc. (Nasdaq: UTSI - news) today reported its third quarter results for the period ending September 30, 2000.

Net sales for the third quarter of 2000 increased to $103.8 million, an 89% increase over the $55.0 million in net sales reported in the prior year period. Pro forma net income (excluding stock compensation expense and amortization of intangible assets) for the third quarter of 2000 increased to $14.0 million, or $0.14 per share, from $9.2 million, or $0.12 per share in the prior year period.

``This quarter we fulfilled several key elements in our business plan and model for success,'' said Hong Lu, President and Chief Executive Officer of UTStarcom. ``In our primary market of Mainland China, we signed first-time contracts in that country's most populous province and also continued to expand our presence with new product introductions. Business in Mainland China continued to be extremely strong. We also extended our reach into new markets through the addition of three new sales offices in Taipei, Hong Kong and Miami -- effectively extending our access further into Asia, the Indian subcontinent, and Latin America. We reached agreements with two new strategic partners, Zaffire and Foundry Networks, as a means of adding their systems and expertise (DWDM optical networks and broadband server and routing solutions, respectively) to our telecom access equipment capabilities and network.''

Actual net income (including stock compensation expense and amortization of intangible assets) for the third quarter of 2000 was $10.9 million, or $0.11 per share compared to $6.6 million, or $0.09 per share for the third quarter of 1999.

Net sales for the first nine months of 2000 increased to $242.6 million, a 95% increase over the $124.7 million in net sales reported in the prior year period. Pro forma net income (excluding stock compensation expense and amortization of intangible assets) for the first nine months of 2000 increased to $28.0 million, or $0.28 per share, from $12.7 million, or $0.17 per share in the prior year period.

``Our business strategy and sales efforts continued to yield both high growth and profitability,'' said Mike Sophie, Chief Financial Officer of UTStarcom. ``Our balance sheet is equally strong, with $262 million in cash and short term investments. This financial strength in turn provided our foundation as we continued to invest in both human resources and technology in order to successfully meet the demands of our customers.''

Actual net income (including stock compensation expense and amortization of intangible assets) for the first nine months of 2000 was $14.1 million, or $0.14 per share compared to $8.8 million, or $0.12 per share for the first nine months of 1999.

Note: UTStarcom will conduct a conference call on October 26 at 1:30 p.m. (PDT) which is open to the public. The conference call dial-in numbers are: United States -- 800-260-0712; International -- 612-332-0345.

A conference call replay will be available following the conference call from approximately 5:00 pm (PDT) on October 26 through November 2. The conference call replay numbers are: United States -- 800-475-6701; International -- 320-365-3844. The Access Code is 544413.

About UTStarcom, Inc.

UTStarcom designs, sells, manufactures and installs an integrated suite of wireless and wireline network access and switching systems that allow communications service providers to offer efficient and scalable voice, data and Internet access services. The Company's customers are public telecommunications service providers that operate wireless and wireline voice and data networks in rapidly growing communications markets around the world. Current product offerings include: Airstar network access system, which provides voice and data services over city-wide mobile wireless (PAS(TM)) and fixed wireless (WLL) networks; AN-2000, a broadband and narrowband access system for wireline networks; and WACOS, an IP-based SoftSwitch platform designed to deliver multiple voice and data services using a highly distributed architecture. WACOS contains a SoftSwitch call server, a distributed multi-service IP gateway and a full suite of subscriber management, mediation and billing services.

The Company manufactures the majority of its products at two ISO9002 certified facilities located in China, and maintains sales and customer support sites throughout Mainland China and in Iselin, NJ; Alameda, CA; Miami, FL; Taipei, Taiwan; Hong Kong; and Tel Aviv, Israel. UTStarcom's research and development facilities are located in the USA and China.

UTStarcom was founded in 1991 and is headquartered in Alameda, California. For more information about UTStarcom, visit the Company's website at www.utstar.com.

NOTE: Airstar, PAS, AN-2000, WACOS and the UTStarcom name and logo are trademarks of UTStarcom, Inc. and its subsidiaries.


                              UTStarcom, Inc.
              Pro Forma Consolidated Statements of Operations
 Excluding Stock Compensation Expense and Amortization of Intangible Assets
                  (In thousands, except per share amounts)
                                (Unaudited)

                           Three Months Ended          Nine Months Ended

                         Sept. 30,     Sept. 30,    Sept. 30,     Sept. 30,
                           2000           1999         2000         1999

   Net sales             $103,812       $55,019     $242,579      $124,701
   Cost of sales           67,853        31,956      157,348        73,781
   Gross profit            35,959        23,063       85,231        50,920

   Operating expenses:
     Selling, general
      and administrative   11,114         8,755       30,056        22,634
     Research and
      development          10,356         4,307       24,896        12,490
     Total operating
      expenses             21,470        13,062       54,952        35,124

   Operating income        14,489        10,001       30,279        15,796

   Interest and other
    income (expenses)       4,380            22        8,191         (687)
   Equity in income (loss)
    of affiliated companies (256)            92        (583)           984
   Income before income
    taxes and minority
     interest              18,613        10,115       37,887        16,093
   Income tax expense       3,786           303        8,501           488
   Minority interest in
    earnings of
     consolidated
      subsidiaries          (838)         (644)      (1,363)       (1,233)
   Income from continuing
    operations             13,989         9,168       28,023        14,372
   Loss from discontinued
    operations                  0             0            0       (1,656)
   Net income             $13,989        $9,168      $28,023       $12,716

   Basic earnings (loss)
    per share:
     Income from
      continuing
       operations           $0.15         $1.05        $0.38         $1.67
     Loss from
      discontinued
       operations           $0.00         $0.00        $0.00       ($0.20)
     Net income             $0.15         $1.05        $0.38         $1.47

   Diluted earnings (loss)
    per share:
     Income from
      continuing
       operations           $0.14         $0.12        $0.28         $0.19
     Loss from
      discontinued
       operations           $0.00         $0.00        $0.00       ($0.02)
     Net income             $0.14         $0.12        $0.28         $0.17

   Shares used in
    per-share calculation:
     - Basic               94,153         8,701       74,587         8,639
     - Diluted            103,517        73,859      100,959        73,880



The above pro forma amounts for the quarter ended September 30, 2000 have been adjusted to eliminate $1,895 of stock compensation expense and $1,224 of amortization of intangible assets.

The above pro forma amounts for the nine months ended September 30, 2000 have been adjusted to eliminate $10,257 of stock compensation expense and $3,671 of amortization of intangible assets.

The above pro forma amounts for the quarter ended September 30, 1999 have been adjusted to eliminate $2,484 of stock compensation expense and $38 of amortization of intangible assets.

The above pro forma amounts for the nine months ended September 30, 1999 have been adjusted to eliminate $3,759 of stock compensation expense and $112 of amortization of intangible assets.

                              UTStarcom, Inc.
                   Consolidated Statements of Operations
                  (In thousands, except per share amounts)
                                (Unaudited)

                            Three Months Ended         Nine Months Ended

                         Sept. 30,     Sept. 30,    Sept. 30,     Sept. 30,
                           2000           1999         2000         1999

   Net sales             $103,812       $55,019     $242,579      $124,701
   Cost of sales           67,853        31,956      157,348        73,781
   Gross profit            35,959        23,063       85,231        50,920

   Operating expenses:
     Selling, general
      and administrative   11,114         8,755       30,056        22,634
     Research and
      development          10,356         4,307       24,896        12,490
     Stock compensation
      expense               1,895         2,484       10,257         3,759
     Amortization of
      intangible assets     1,224            38        3,671           112
     Total operating
      expenses             24,589        15,584       68,880        38,995

   Operating income        11,370         7,479       16,351        11,925

   Interest and other
    income (expenses)       4,380            22        8,191         (687)
   Equity in income
    (loss) of affiliated
     companies              (256)            92        (583)           984
   Income before income
    taxes and minority
     interest              15,494         7,593       23,959        12,222
   Income tax expense       3,786           303        8,501           488
   Minority interest in
    earnings of
     consolidated
      subsidiaries          (838)         (644)      (1,363)       (1,233)
   Income from continuing
    operations             10,870         6,646       14,095        10,501
   Loss from discontinued
    operations                  0             0            0       (1,656)
   Net income             $10,870        $6,646      $14,095        $8,845

   Basic earnings (loss)
    per share:
     Income from
      continuing
       operations           $0.12         $0.76        $0.19         $1.22
     Loss from
      discontinued
       operations           $0.00         $0.00        $0.00       ($0.20)
     Net income             $0.12         $0.76        $0.19         $1.02

   Diluted earnings (loss)
    per share:
     Income from
      continuing
       operations           $0.11         $0.09        $0.14         $0.14
     Loss from
      discontinued
       operations           $0.00         $0.00        $0.00       ($0.02)
     Net income             $0.11         $0.09        $0.14         $0.12

   Shares used in per-share
    calculation:
     - Basic               94,153         8,701       74,587         8,639
     - Diluted            103,517        73,859      100,959        73,880


                              UTStarcom, Inc.
                        Consolidated Balance Sheets
                               (In thousands)

                                                September 30,   December 31,
                                                    2000            1999
                                                 (Unaudited)

   Assets
   Current assets:
     Cash and cash equivalents                     $189,928        $87,364
     Short-term investments                          72,021              0
     Accounts receivable, net                       120,572         77,823
     Receivable from related parties                      0            339
     Inventories, net                                89,687         55,204
     Other                                           15,798          8,326
     Total current assets                           488,006        229,056

   Property, plant and equipment, net                11,717          8,168
   Investment in affiliated companies                12,102          4,460
   Intangible assets, net                            21,461         25,132
   Deferred tax assets                                9,081          4,352
   Other                                              1,945            620
   Total assets                                    $544,312       $271,788

   Liabilities, Minority Interest
    and Stockholders' Equity
   Current liabilities:
     Accounts payable                               $35,106        $21,745
     Short-term debt                                 39,768         34,593
     Debt to shareholder and related parties              0          8,745
     Income taxes payable                               936          2,985
     Customer deposits                               26,971          5,249
     Other                                           26,967         29,102
     Total current liabilities                      129,748        102,419

   Long-term debt                                    12,048              0
   Minority interest in consolidated subsidiaries     5,012          3,649

   Stockholders' equity:
     Convertible preferred stock                          0             88
     Common stock                                       120             13
     Common stock warrant                                 0            389
     Additional paid-in capital                     427,094        218,303
     Deferred stock compensation                    (8,306)       (17,792)
     Accumulated deficit                           (20,726)       (34,821)
     Notes receivable from shareholders               (723)          (555)
     Unrealized holding loss                           (24)              0
     Cumulative translation adjustment                   69             95
     Total stockholders' equity                     397,504        165,720

   Total liabilities, minority interest
    and stockholders' equity                       $544,312       $271,788

SOURCE: UTStarcom, Inc.

 
27.10.00 10:52 #2 Wer von euch hat auch UTSTARCOM und kann
mir mehr über dieses Wert sagen !?

 
27.10.00 10:53 #3 CSFB -> UTSTARCOM STRONG BUY
Tuesday October 24, 1:27 pm Eastern Time
Press Release
SOURCE: Credit Suisse First Boston
Credit Suisse First Boston Initiates Coverage on UTStarcom With a Strong Buy
PALO ALTO, Calif., Oct. 24 /PRNewswire/ -- The following is being issued by Credit Suisse First Boston, a member of the National Association of Securities Dealers, CRD number 816:

Credit Suisse First Boston Technology Group analyst Tim Long initiated coverage today on UTStarcom (Nasdaq: UTSI - news) with a Strong Buy rating.

(Photo: http://www.newscom.com/cgi-bin/prnh/20000204/CSFBTECH )
UTStarcom is a provider of wireless and wireline access equipment in China. The company derives the majority of its revenues from its low mobility PAS wireless access systems.

``Throughout the company's history it has been at the forefront of introducing new technologies to the Chinese market, and is well positioned to play the growth in China's communications infrastructure,'' says Long.

Long believes the company's strong relationships, winning technology, brand name recognition and leading edge technology have positioned UTStarcom to grow faster than the market.

Long's EPS estimates for FY00 and FY01 are $0.39 and $0.55, respectively.

Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for wholesale users and suppliers of capital around the world. It operates in 55 offices across more than 36 countries and six continents and has over 16,000 staff. Credit Suisse First Boston is one of the world's largest securities firms in terms of financial resources, with approximately $9.8 billion in revenues in 1999 and $7.8 billion in equity and $275 billion in assets as of December 31, 1999. The Firm is a wholly owned subsidiary of the Zurich-based Credit Suisse Group. For more information on Credit Suisse First Boston, please visit our website at http://www.csfb.com .

This press release is merely a synopsis of a Credit Suisse First Boston Corporation research report and neither is, nor intended to be a comprehensive summary of the report or recommendation. The report referred to herein should be read in its entirety prior to making a decision to invest in any of the companies mentioned therein. If you would like to obtain a copy of this report, please contact your CSFB sales representative.

SOURCE: Credit Suisse First Boston

 
27.10.00 10:56 #4 Bald wieder die alten Höhen von 95 Euro ?? (40.
Da wären dann rund 400%

Immerhin ist China ein riesengroßer Markt , dort ist noch viel zuholen!!

Kauft Utstarcom  --- die machen immerhin Gewinn!!  
27.10.00 18:10 #5 Piper Jaffray -> UTSTARCOM Strong Buy KZ.
October 27, 2000 11:11am

UTStarcom rises on 3Q, analyst praise

By Tiffany Kary ZDII


Telecommunications equipment provider UTStarcom Inc. (Nasdaq: UTSI) was up 12 percent Friday as the market absorbed its strong third quarter report.

Shares were up 2.38 to 20.38 Friday morning, and analysts were bullish on the stock. Analyst Samuel S. May at U.S. Bancorp Piper Jaffray reiterated a "strong buy" and had a 12-month target price of $75 on the stock. Analyst Michael E. Ching at Merrill Lynch reiterated a near-term "accumulate" rating, and a long-term "buy." UTStarcom was also rated "strong buy" by analyst Timothy P Long at Credit Suisse First Boston.

The stock got a lift in June when it said the Ministry of Information Industry (MII) in China had given it approval to extend its wireless access system. UTStarcom primarily focuses on China's rapidly growing telecommunications sector.

Sound off here!!

Post your comment



  Latest News on UTSI

 UTStarcom rises on 3Q, analyst praise...
 RESEARCH ALERT - UTStarcom estimates raised...
 Epoch Partners Discusses Third-Quarter Results of UTStarcom Corporation...


UTSI: News Profile Chart Estimates


Pro forma net income (excluding stock compensation expense and amortization of intangible assets) increased to $14.0 million, or 14 cents per share, beating First Call's expectation of 11 cents a share, and showing strong growth from $9.2 million, or 12 cents a share in the prior year period. Actual net income (including stock compensation expense and amortization of intangible assets) for the third quarter of 2000 was $10.9 million, or 11 cents per share compared to $6.6 million, or 9 cents a share for the third quarter of 1999.

Net sales for the third quarter increased to $103.8 million, up 89 percent over the $55.0 million in net sales reported in the prior year period.

The company said business in Mainland China continued to be extremely strong, and the company extended reach into new markets through the addition of new sales offices in Taipei, Hong Kong and Miami, extending its access further into Asia, the Indian subcontinent, and Latin America.

The company also said its balance sheet is strong, with $262 million in cash and short term investments.

Analyst Seth Spalding at Epoch Partners said in a research note Friday that "UTStarcom's growth was unhampered by any of the capital spending concerns plaguing domestic communications equipment players." And that though strength in handset sales dampened gross margins in the quarter, margins should improve as handsets expand features in coming quarters.

He called the company a "core play on the explosive telecom infrastructure growth in China and other developing nations," and added that it is trading at a significant discount relative to its peers.
• UTStarcom up on Chinese government approval
• UTSI chart
• UTSI Profile
• UTSI estimates

 
03.11.00 10:08 #6 Wer Hilft mit UTSTARCOM bekannter zu mach.
Ich bin von diesem Wert total überzeugt !
Wie auch viele Analysten ! Nur leider ist der Wert noch nicht so bekannt.
Habe oben schon angefangen Informationen zu sammeln.
Wer hat auch dieses Wert und kann mir weitere Informationen posten.

Utstarcom macht super gewinne und ist in einem absoluten gutem Wachstummarkt !

Danke!!!!!!!  
03.11.00 10:35 #7 Das liest ja alles sehr gut. Interessanter Wert!
Auch die technischen Werte sehen jetzt alle gut aus.
MACD und Stochastik gehen schön hoch.
Williams ist auf Tiefpunkt.
Das Momentum zieht satt an.
Von daher bestimmt eine gute Kaufgelegenheit, wobei die Indikatoren aber auch auf eine Überhitzung hinweisen. Ein kurzfristiger Einbruch ist somit denkbar.
Ich werde mir das mal anschauen und dann vielleicht klein rein.
CHECKIT  
03.11.00 14:28 #8 Sag ich Doch ! :-) o.T.
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