Apple Inc. (AAPL) Message Board

they moved the headquarters to China to catch Chinese booming IPTV and three convergence markets. It ended up nothing in China but all sorts of tiny and mysterious IPTV projects all over the middle of no-where places, split its IPTV business from the company.

What the fxxx this company is doing?????????

This is a big news. Thanks.

told you, watch the cash! how many $ mil cash they burned in one quarter! This company has nothing but burn the cash in last 10 years.If everything goes as it is, the cash should be gone in about 2 years.

remember that UTSI has zero success in any technologies in its life other than accidental luck with PHS

Shadow: you may have a rich dad. You might be a nice person. But I simply can't tolerate your stupidity. You have been wrong on this stock on every issue since how many years ago? But you apparently never learn the lesson, exactly like the management of UTSI!

My apology if I offend you.

still a strong buy? Shadow! You have been rating it this way since $70/share all the way to $0.95/share. Could you give us a hint when you are going to stop rating it a "strong buy"?

I know you are very intelligent. Just hope your daddy has no clue how you "invested" his money all these years :-)

next contract will be US Virgin Island, watch it! This company started from US, then China, then India. Now all over the world again!

1) Check Shah's track record! This fund has been chasing a number of companies until their death. This fund is the number one shareholder of a number of dead Chinese companies. Google it!

2) I can't image what the stock price would be if without this major shareholder buying + shares buyback from this company!

not really, UTSI is running out of option. CU blocks UTSI from its IPTV business completely, CT is replacing UTSI's equipment with HW and ZTE. Both state-owned firms believe UTSI is a dead company. They don't want to have anything to do with it.

The $20 mil spending on divestiture is a tip for keeping Jack quite. They will give each of current key insiders another $20 mil in the near future. Watch my word.

There is no one damn reason for Jack to sell his shares so quickly if he see a slightest chance that this company can survive.

A nice analysis. so rare someone still willing to spend time on this company now :-)



They already did it twice! Check recent UTSI acquisition and divestiture in China since they move headquarters there. Both small companies have something to do with the insiders. I don't have time or interest to elaborate the story in detail here.

you bought yesterday, CFO resign today. definitely a good sign

oops, UTSI will surely go down further if News coming. Check the history on the board.

can you image what the price would been if there were no share buyback? the company should buy all shares back, leave $100 mil in the bank if they have the cash

sgby51: I bet this company will be leaving in the history as one of the crookest.

I forgot one important aspect: Chinese management has no respect of shareholder rights and law. This has a lot to do with the political system in China. Few Chinese management feel that the company needs to reward shareholders if they could, but regard the stock market as ATMs. This is why Chinese stock market has performed the worst in the world even Chinese economy has been burning hot for years. It's common that management/founder takes cash in company account to their private accounts, run away in China. Most of them simply believe that the cash belongs to management, not shareholders.

The number one issue for UTSI shareholders is not the business side. It was dead long time anyway. Watch the cash!

If the company has the slightest sense of integrity, or, Lu has a sense of shame, Lu should have left the company years ago. Lu is the person responsible for having stock price from $80 to $1. But he still hangs there, never admitting wrong-doing or apology, getting at least half million dollars yearly!

Watch, next big news will be a series of acquisitions. The cash will be quietly and legitimately moved out of the company. I have seen more than a dozen Chinese companies listed here in U.S. doing the trick. You can sue them, and wind. But you can't find them, get the money back or bring them to US for justice.

I rather have Tim back than having Shadow on the board!!!!! This guy is simply clueless and shameless!!

Hi kid: When Ying Lu decided to jump off the boat, it is the best indication that nothing else can save the boat. Why? remember what he said 2 years ago when he took the CEO position?

This is basically what he said in a Chinese interview: After UTSI contacted him for the position, he checked around for advice (on whether he should take the offer). Absolute majority advised him that UTSI was a dead company already, asked him stayed away. He finally took the position because he think that there is a slight chance that he can turn the company around.

Now after barely 2 years, he took several million $ compensations, jumped off the ship, with $10s million cash and the IPTV division with him. Need more explanation about the future of this company ??????

Actually, the correct term should be "Successful Robbery Started". I speculate that by this time of next year, most of the cash will be gone.

Chinese companies are notorious in doing it.