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UTStarcom Holdings Corp. Message Board

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  • Reply to

    getting old

    by flipocrat Jan 12, 2016 10:19 AM

    UTSI share price is currently under total control of Chinese market's systemic risk which is in the process of creating long term trend final capitulation stage.
    I'm looking for FXI to challenge Feb-March 2009 support/resistance level.

  • Reply to

    getting old

    by flipocrat Jan 12, 2016 10:19 AM

    Certainly better than the same O same O for yrs

    Sentiment: Buy

  • Reply to

    getting old

    by flipocrat Jan 12, 2016 10:19 AM

    The latest amendment for 13D 2 days ago showed that second half of the payment for the 32% is still not received and the deadline got extended to June. Plus Gu was in the Chinese financial news yesterday because his stake for his Chinese A share company got partially liquidated after company share fell hard and triggered margin call. He is scrambling to come up with cash to keep the rest of his stake in that company. so right now I wouldn't even bet on him coming with cash to take 50% in the short term. However, G's involvement can still bring some business to UTSI and that hopefully can bring some life to the share price.

  • Reply to

    getting old

    by flipocrat Jan 12, 2016 10:19 AM

    A Dutch tender would be to find the lowest price they can buy a specified number of shares for, if I understand you correctly the range would be set between $3 and $4. In any event, that is well below the $6
    some people (not me) are expecting (assuming the company does not suddenly leap in value, not likely IMO).
    Sounds feasible.

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  • Reply to

    getting old

    by flipocrat Jan 12, 2016 10:19 AM

    Shah did not elaborate on the share purchase. Just says he feels pretty comfortable it can be done. My guess it will be a Dutch tender offer between 3 to 4 dollars

  • Reply to

    getting old

    by flipocrat Jan 12, 2016 10:19 AM

    No news about conference tuesday, January 12 ( call to discuss the changes to the Company’s leadership) ?

  • Reply to

    getting old

    by flipocrat Jan 12, 2016 10:19 AM

    I think Shah will remain as Chairman until Gu purchases over 50% of shares. Current CEO is also an "Interim" CEO until that happens. Disappointed that very few details are release with the 6.5 million share purchases. Maybe tender offer or open market purchases? Both ways shares should go significantly higher

  • Is it just me, or did we just get hit with an hours worth of glittering generalities? Having attended a lot of
    board meetings and investor conferences, this did little to clear the air on what to expect in some measurable way. I thought that Shah was selling his shares at $6 but he is still chairman? Maybe that is in the next tranche, but that is a pre-arranged transaction, not an open market price driver, seems to me. Been around here too long, seen too much, must be getting old. Luck to all.

  • "On December 4, 2015, Smart Soho, an investment holding company led by Mr. Gu, acquired 5,000,000 ordinary shares of UTStarcom and plans to acquire additional 6,739,932 ordinary shares in the first half of 2016."

    News out. Gu will buy 30% of shares soon. Should send the shares upward.

  • Shadow, my post somehow did not go through but will try again. Thank you for the information, I have always respected your attention to detail, as I am sure you have observed who has been right and wrong about
    this company's performance for outside shareholders going back more than a decade (to the original business plan to provide low cost cellcom in China) certainly not just you and me but others who have come and gone. We are on the same side now., I own far less shares but got back in because of Shah as I have posted, I think that has worked itself out. My perspective has always been on management and in a way so has yours, be it Lu and all the other musical chairs on thee BoD, I cannot even remember them all, but you are still saying pretty much the same thing. Okay, like you say, let's see what happens in near term. This time I hope you have it right. It is a nice evening.

  • Actually, flip, the price just went up to $6.07 per share. Apparently the original deal was to close in early January but an attempt was made to move the closing up into December for a reduced price of $6 per share. Not sure why deal couldn't close early but it is now set to close on January 8, 2016 at the slightly increased price plus some additional small payments. What is most important about the SEC filing today is that it now includes the executive manager of the investment fund behind Phicomm and the buyout of UTSI's stock. The signer for the LLP is Zhang Jun and if you look him up you will see that he is #299 on Forbes' list of Chinese billionaires, worth approximately $1.05 billion dollars. Of course, that could be a different Zhang Jun and this whole deal could be a sham as you suggest. We'll find out for sure in 2 weeks so I will patiently wait and see. With Softbank's Matsumoto on UTSI's BOD, there is no way this deal is a sham, IMHO. I think some investors sold this week because the deal didn't close last week when it was supposed to and there was no further information until the SEC filing today. With this added information, I suspect the stock will go back up again tomorrow. No matter as I just have to wait 2 more weeks to find out if I have been right about this company and the people associated with it over the past 10+ years.

    Have a nice night.

    Shadow

    Sentiment: Strong Buy

  • So you think that that the 40% and the 30% (of the total 31% purchase) holders just coincidentally got on board, don't know each other, did not plan this, will not cooperate, well you must be right Shadow, this sort of thing never happens in UTSI land, right?. I was hoping you would finally get at least something right after all these years of being dead wrong about UTSI, but too much to expect from a pumpaddict I guess. Wow $2.40.
    Looks like a lot of folks aren't buying that $6 valuation anymore..

  • You have been WRONG on UTSI for how many years? Ten, perhaps? {:-)

    Sentiment: Sell

  • If flip would have read the SEC filing, he would have noted that only 60% of the buyout is being provided by Phicomm. The other 40% is being provided by a group of private investors who undoubtedly will have control of 2 of the 5 new BOD members. Important to note that a significant percentage of BOD must be independent. I doubt these investors would allow Gu Guoping to indiscriminantly waste the company's cash. Now would the BOD representative from BEID which owns 10% of the outstanding stock. Dasan would have some say about that as well and so would the Mexican hedge fund that bought a big position in the stock last year. I think it is pretty clear that Phicomm and Gu Guoping are using UTSI to gain access to the US stock market as well as the telecom and cable industry in the US. Phicomm did $1.5 billion in sales in 2014 and has been growing steadily for 5 years now. It has 5000 employees and has emphasized strong R&D and manufacturing excellence to achieve its results. I just wish the deal would close and be announced. The only people who know about this deal are those who have been following UTSI and read the SEC filings because the agreement required that no public announcements or commentaries be made about it until it had completely closed. So, no later then January 8, 2016 but it could be any time since only 7-8% of the payment now remains to be made. Final comment is that UTSI does have assets such as WCP, UTSI.cn, UiTV and aiotv that have significant value. First call estimates for 2016 indicate company should be profitable next year and I doubt those numbers were just pulled out of thin air magically; company guidance must have been provided. So company should have enterprise value by next year as well. $6 is a fair price for the stock at this point, IMHO.

    Have a nice night.

    Shadow

    Sentiment: Strong Buy

  • Instead of countering my points, you attack me again..nice job flip, way to add to the discussion. My cost basis is around $2..I bought when I saw gu got involved..havent quite fall flat on my face. Why don't you look at some of my old posts in regards to chinese companies..shorted many of them to $0.

  • "probably have far more experience than you". You have no idea, but that is the kind of whining people come up with when they fall flat on their face, so I am done here (maybe you should check how long I have been on this board alone). Bye.

  • I was short a lot of the chinese reverse merger accounting scams and probably have far more experience than you in china. I agree that chinese companies are risky but not all of them are scams. It makes no sense for a guy like guoping gu to violate us securities law with his global business aspirations. This guy is a legitimate business man who grew a legitimate company (Phicomm) in China. He wants to expand his business to the US.

  • I would normally agree with you about chinese companies as I was short lots of china reverse merger frauds..but utsi is a real company. And guoping gu isn't some low level chinese executive. He has grown his business exponentially over the last several years. If you read his recent Chinese news articles, he says he wants to expand to US market and thats the reason for the utsi purchase.

  • "violate securities law' Right,good luck with that. Jeremy, how long have you been investing in China run companies? Shkreli was a New York based hedge fund wannabe.

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