Shah Capital Management announced it currently has 6,460,491 shares (5.05%).

Undervalued..
but stupid management

China revenues, low stock price

No's not yet released but backlog indicates great potential

leader in voip.

close to book value

Very strong free cash flow, though won't have financial results for 2006 on time. Depressed price on slowdown in growth of PHS in China and transition to other technologies. IP solutions are market leaders. Company has retained Merrill Lynch to explore strategic possibilities. Buy under 14.

iptv

supplier to China (and global) cell phone expansion

Possible backcome stock

Best in class technology, little analyst coverage, financials are cleaned up and current and trading below book, with assets easily monetizable

Burned me.

Spec play for me. Going
nowhere

From Barron's 6-18-07:

"Is it time to hang up on UTStarcom? Probably...The one-time telecom highflier has been mired in one scandal after another. Yet for some value-oriented optimists, it continues to fuel starry-eyed dreams of a turnaround...Their misguided bets seem to keep the shares from hitting zero, despite the company's failure to file earnings reports since last June and its potential delisting by Nasdaq. That's to say nothing of ongoing investigations by the Securities and Exchange Commission into alleged options backdating and insider trading. For good measure, the feds are conducting separate inquiries into various bribery accusations."

not doing anything