so, does it tell me anything about this Smart company? Shah or Lu or his brother, girlfriend, or whatever the #$%$ is, can setup a company to fool around. Just a speculation. Shah announced intention to acquire the entire company at long time ago..................
i'm not surprised at all that you thought i didn't read the SEC filing before i posted the message. UTSI investors share something common :-)
very interesting, i can't find any information, either on the filing or the web, about this Smart Soho International Limited. The UK based Smart Soho obviously is not the one. I also search Chinese web, can't find any information about this company. this deal looks bizarre to me, at least................
can someone lighten me about this Smart....or Fool .... company?
all smart dudes, plus even less smart ones, were long gone for sure. check the track records of all UTstarcom current institute investors, you will amaze....
This is one of regular pony tricks Shah plays....... from keeping adding,,,,,, bought Softbank, buy the entire company, to .......this term sheet...................what a persistence!
can you answer the question in a human language instead of trying to scare the hell?
more voice we have, more likely Board will take immediate action. I had similar experience fighting with other poor-managed companies, my conclusion is that if enough shareholders pressure the board, they always take action. The only thing the Board cares is to cover their own #$%$ - they worry get suited if no action taken under the circumstance.
Time has run out for this company. Immediate action has to be taken.
I agree that the Executive Team has no hurry taking the needed dramatic action to restore/realize shareholder value. The Board gives these executive generous financial compensation, with few link with our shareholder's value. It's upon us to pressure the Board to take immediate action! I sent a short message to the Board a few minutes, please have your voice heard too.
We hire Mr. McInerney for fixing this company, not for destroying our shareholder values. It's your jurisdictionary responsibility to act now after seeing his 2-year disastrous performance as a CEO of this company - either fire him, or make his compensation in line with share performance, or sell this company out before he destroy all values. Genworth pays executives well, we expect their performance matches that.
Guangdong province which is the richest province in China is going to promote wind power and other new energy big time. MY is the only wind player in the province, the company will benefit hugely from the initiative
Gold Wind (#1 wind energy company in China) market cap is approaching Y50 bil in Shanghai exchange. GW's market share in China is about 3 times of MY's, and profit margin is higher (20s%). Combining these two factors together, MY's fair market value should be around 1/5 of GW's, that's about Y10 bil = $1.5 bil, about 5 times of current MY market cap.
MY should consider listed in Shanghai if price stays depressed in NYSE. I believed CEO Zhang mentioned the possibility in a conference call before.
Shadowdoc99: I feel sorry for you. really don't know how can you get out of this stock. i know you have 30mil+ shares. it would take 2+ year to sell them out, assuming you are the only seller and you sell every open day. This stock will be worth of nada, zero, 000 once their cash gone which i expect in less than 2 years, before you can sell anything out.
hi kid - if you try to value a Chinese company, here is a good example - another Shah Capital's big baby - XNY. see how cheap the company is, compared to its cash. pls don't sell your GF to buy into this one.
hi, kid - you apparently never learn anything from your disaster "investment" on UTSI in last 10 years or so. an amazing stubborn and extremely subjective young fellow!
China just announced pricing for offshore wind power. It's a great news to the industry. It is anticipated that 400-500B yuan market will be open up in next couple year.
MY is a big player in offshore windpower in China
Please note that this is the official China Mobile Suzhou Branch Page: http://tech.fortune.cnn.com/2013/12/02/apple-china-mobile-suzho
This is from DANG official blog: http://blog.dangdang.com/?p=18960
in short, DANG advises customers for slight delaying in shipping due to massive orders received
so what products can UTSI sell to Softbank, Chinese bricks or soy sauce? Its buildings, IPTV business, PHS, etc, anything worth of a dime were long gone already.