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UTStarcom Holdings Corp. Message Board

  • flipocrat flipocrat Dec 30, 2011 12:07 PM Flag

    Long Weekend

    Toy gone, at long last. Way, way, way overdue. What does that do to Japan/Softbank? AND where oh where is Hong Lu? Not mentioned in the
    announcement. Is he still on the BoD? So, are the clearing out the old board because they blew it big time, or because someone wants a free hand to rock and roll with no oversight? All that cash, cash that was confirmed not by an external source, but by the audit committee by the way. Stay tuned. Let's see if they clam up even more, or start working for the shareholders best interests.
    Friday before the long weekend, what else is new?

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    • Toy is gone. Didn't everyone want that!
      People had suggested instant upward pps for UTSI after Toy's departure......what happened ?
      Is company going to be sold or merged ?

      • 1 Reply to rm516
      • This is a good news itself, but came too late to do any meaningful to this company. Toy should be kicked out of the company 6 years before he made the company unrepairable. If this company has any chance in China, it got to be something out of its current business lines.

        CT just announced its latest winner list of IPTV box, everyone on it except of UTSI, no need to say that UTSI's IPTV business is finally coming to a dead, as I predicted some 4 years ago.

        A true sad story how a company can be so bad managed for so long.

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