LTE -- What Voice Services?     by Jose Deras       Home         Topics: Main | M&A | Funding | Earnings | Jobs | People | Bankruptcy | Silicon | Europe | Japan | Most Acquisitive | Archive   UTStarcom Warns on Q3 Revenue UTStarcom warned that revenues and profits for the third quarter 2005 will be below management guidance provided on August 2, 2005. The company currently expects total revenues of approximately $620 million to $640 million compared to its previous target range of $660 million to $680 million. UTStarcom cited the delay in recognition of approximately $40 million in revenues related to a contract with Softbank BB for its mVision, IPTV solution for the revenue shortfall. Due to the high-margin nature of the mVision product, the company expects this delay to have a meaningful impact on overall gross margins for the quarter. In addition, overall third quarter gross margins were also negatively impacted by other factors, principally, the recording of additional warranty reserves in the broadband business segment. As such, gross margins are expected to be approximately 9% to 11%. Previous guidance called for gross margins in the range of 15% to 18%. UTStarcom also said the it has determined that the fair value of some or all of its operating units may be below their book values. As a result, the company is currently conducting an evaluation of its goodwill for impairment. If the fair values of these operating units are concluded to be below their book values, the company will record a non-cash charge to write-off some or all of its goodwill. UTStarcom also noted that it has received notice of a formal inquiry by the staff of the Securities & Exchange Commission into certain aspects of the Company's financial disclosures during prior reporting periods. The Company is cooperating with that inquiry. http://www.utstar.com 06-Oct-05 Recent Financial News SUPERCOMM Canceled for 2010 2/7/2010 NTT Surpasses 12.8 Million Optical Access Lines 2/5/2010 Metaswitch Appoints Kevin DeNuccio as CEO 2/4/2010 Bell Canada's Q4 Revenue Grew 4.8%, FTTH Planned for Montreal, Toronto 2/4/2010 Comcast Grows 3.9% in 2009, Targets Project xfinity for 2010 2/3/2010 Cisco Posts Sales of $9.8 billion, Net Income Beats Expectations 2/3/2010 Broadcom to Acquire Teknovus for EPON Silicon 2/3/2010 EC Approves Telefónica O2's Acquisition of Hansenet 1/29/2010 NTT DOCOMO at 55 Million Users -- Nearly Flat for 2009 1/29/2010 AT&T Gives Update on Network Upgrade Programs 1/29/2010 Thomson Changes Name to Technicolor 1/29/2010 NSN Posts Q4 Sales of EUR 3.6 billion, up 31% QoQ 1/28/2010 AT&T Adds 2.7 million Wireless Subscribers in Q4 2009 1/28/2010 Motorola Reports Q4 Sales of $5.7 billion 1/28/2010 Criminal Charges Dismissed for Broadcom's Founder 1/28/2010 > More news...   Search  this site   Search the Web   Get Your Column Published LTE -- What Voice Services? by Jose Deras Framing the Next Wave of Carrier Ethernet by Umesh Kukreja Network Interconnection and Evolution for Super Carriers by Dawn M. Hogh Carrier Challenges for Tomorrow's Connected Enterprise by Dr. Badri Nath Dynamic Performance Management for Mobile Data Networks by Michael J. Schabel, Ph.D. To 4G or not to 4G: Supporting Exponential Mobile Traffic Growth by Joe Schraml