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Prospector
Profile
07.1496
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| UTStarcom, Inc. |
NAICS |
517310 |
| 1275 Harbor Bay Parkway
Alameda, CA 94502 |
Description |
Telecommunications Equipment |
| (510) 864-8800 |
Employees |
6300 |
| http://www.utstar.com/ |
Revenue |
(mil) |
2458.8600 |
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Income |
(mil) |
-117.3500 |
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Assets |
(mil) |
2373.9500 |
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Liability |
(mil) |
1593.1000 |
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(for the year ended 2006-12-31) |
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Category:
Default
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Event:
UTStarcom, Inc., disclosed that on Oct. 15, 2007, it received a notice of default from U.S. Bank National Association, as indenture trustee, pursuant to which the Trustee asserted that the Company was in default of certain obligations under the Indenture, dated as of March 12, 2003, as amended by the First Supplemental Indenture, dated Jan. 9, 2007, as further amended by the Second Supplemental Indenture, dated July 26, 2007, between the company and the Trustee with respect to the company's 7/8% Convertible Subordinated Notes due 2008 (CUSIP Nos. 918076AA8 and 918076AB6).
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Intellectual Property:
The Company relies on a combination of patent, copyright, trademark and trade secret laws, as well as confidentiality agreements and licensing arrangements, to establish and protect proprietary rights. The Company holds U.S. and foreign patents for existing products expiring between 2014 and 2023, and has patents pending in both the U.S. and in foreign countries. [SEC Filing 10-K 10-10-07]
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Description:
The Company designs, manufactures and sells telecommunications equipment and products and provides services associated with their operation. Its products and technologies fall into three major categories, wireless, wireline and switching.
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Officers:
Hong Liang Lu (Chair, Pres. & CEO); Ying Wu (Vice Chair & EVP); Francis Barton (EVP, CFO & Dir.); Pat Chan (EVP & CTO); Jimmy Khoo (SVP); Jeff Clarke (Dir.); Larry D. Horner (Dir.); Allen Lenzmeier (Dir.); Thomas J. Toy (Dir.); Ying Wu (Dir.)
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Auditor:
PricewaterhouseCoopers LLP
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Securities:
Common Stock Symbol UTSI; Nasdaq;
121,294,645 common shares outstanding as of Sept. 30, 2007.
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