Emergency Response and Wireless Location Systems     by Manlio Allegra       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 Cisco to Acquire Arch Rock for Wireless Energy Sensors 9/2/2010 Alcatel-Lucent Acquires OpenPlug, Extending its Application Enablement Strategy 9/1/2010 NSN Partners with Telefónica on Smartphone Experience Lab 8/30/2010 Intel Confirms Acquisition of Infineon Wireless 8/30/2010 Cisco to Acquire ExtendMedia for Video Content Management 8/26/2010 Nimbula Raises $15 Million for Cloud OS 8/25/2010 HP Bids $24 per Share for 3PAR, Topping Dell 8/23/2010 Nokia to Acquire Motally for Mobile Analytics Service 8/20/2010 ZTE Reports 1H 2010 Revenue of US$4.5 Billion 8/19/2010 China Mobile Appoints Mr. Li Yue as CEO 8/19/2010 China Mobile Tops 554 Million Customers 8/19/2010 Airband and Sparkplug Announce Merger -- Fixed Wireless Operators 8/19/2010 Marvell Acquires DS2 for Powerline Chips 8/19/2010 Marvell Posts Revenue of $896 Million, Up 5% Sequentially 8/19/2010 Brocade Posts Revenue of $504 Million, up 2% YOY 8/18/2010 > More news...   Search  this site   Search the Web   Get Your Column Published Emergency Response and Wireless Location Systems by Manlio Allegra Interview: NSN's Sue Spradley on LightSquared's Wholesale Mobile Data Paradigm by Sue Spradley Mobile Backhaul Transition Requires New Testing by Joe Zeto Cybersecurity Requires Public/Private Coalition by Greg Oslan A Rethinking of Cloud Services and Network Architecture by Jim Theodoras Delivering Scalable Video Solutions <br><i> Advantages of SVC-Optimized QoS</i> by Andy Singleton