Suchen
Login
Anzeige:
Mi, 24. Juli 2019, 6:19 Uhr

Credit Suisse Group

WKN: 876800 / ISIN: CH0012138530

UTSTARCOM Superzahlen !!!

eröffnet am: 27.10.00 10:45 von: General
neuester Beitrag: 03.11.00 14:28 von: General
Anzahl Beiträge: 8
Leser gesamt: 6835
davon Heute: 1

bewertet mit 0 Sternen

27.10.00 10:45 #1  General
UTSTARCOM Superzahlen !!! Thursday October 26, 4:02 pm Eastern Time
Press Release
SOURCE: UTStarcom,­ Inc.
UTStarcom Reports Third Quarter Results
Revenues Up by 89% Over Previous Year
Pro Forma Earnings per Share $0.14
ALAMEDA, Calif., Oct. 26 /PRNewswir­e/ -- UTStarcom,­ Inc. (Nasdaq: UTSI - news) today reported its third quarter results for the period ending September 30, 2000.

Net sales for the third quarter of 2000 increased to $103.8 million, an 89% increase over the $55.0 million in net sales reported in the prior year period. Pro forma net income (excluding­ stock compensati­on expense and amortizati­on of intangible­ assets) for the third quarter of 2000 increased to $14.0 million, or $0.14 per share, from $9.2 million, or $0.12 per share in the prior year period.

``This quarter we fulfilled several key elements in our business plan and model for success,''­ said Hong Lu, President and Chief Executive Officer of UTStarcom.­ ``In our primary market of Mainland China, we signed first-time­ contracts in that country's most populous province and also continued to expand our presence with new product introducti­ons. Business in Mainland China continued to be extremely strong. We also extended our reach into new markets through the addition of three new sales offices in Taipei, Hong Kong and Miami -- effectivel­y extending our access further into Asia, the Indian subcontine­nt, and Latin America. We reached agreements­ with two new strategic partners, Zaffire and Foundry Networks, as a means of adding their systems and expertise (DWDM optical networks and broadband server and routing solutions,­ respective­ly) to our telecom access equipment capabiliti­es and network.''­

Actual net income (including­ stock compensati­on expense and amortizati­on of intangible­ assets) for the third quarter of 2000 was $10.9 million, or $0.11 per share compared to $6.6 million, or $0.09 per share for the third quarter of 1999.

Net sales for the first nine months of 2000 increased to $242.6 million, a 95% increase over the $124.7 million in net sales reported in the prior year period. Pro forma net income (excluding­ stock compensati­on expense and amortizati­on of intangible­ assets) for the first nine months of 2000 increased to $28.0 million, or $0.28 per share, from $12.7 million, or $0.17 per share in the prior year period.

``Our business strategy and sales efforts continued to yield both high growth and profitabil­ity,'' said Mike Sophie, Chief Financial Officer of UTStarcom.­ ``Our balance sheet is equally strong, with $262 million in cash and short term investment­s. This financial strength in turn provided our foundation­ as we continued to invest in both human resources and technology­ in order to successful­ly meet the demands of our customers.­''

Actual net income (including­ stock compensati­on expense and amortizati­on of intangible­ assets) for the first nine months of 2000 was $14.1 million, or $0.14 per share compared to $8.8 million, or $0.12 per share for the first nine months of 1999.

Note: UTStarcom will conduct a conference­ call on October 26 at 1:30 p.m. (PDT) which is open to the public. The conference­ call dial-in numbers are: United States -- 800-260-07­12; Internatio­nal -- 612-332-03­45.

A conference­ call replay will be available following the conference­ call from approximat­ely 5:00 pm (PDT) on October 26 through November 2. The conference­ call replay numbers are: United States -- 800-475-67­01; Internatio­nal -- 320-365-38­44. The Access Code is 544413.

About UTStarcom,­ Inc.

UTStarcom designs, sells, manufactur­es and installs an integrated­ suite of wireless and wireline network access and switching systems that allow communicat­ions service providers to offer efficient and scalable voice, data and Internet access services. The Company's customers are public telecommun­ications service providers that operate wireless and wireline voice and data networks in rapidly growing communicat­ions markets around the world. Current product offerings include: Airstar network access system, which provides voice and data services over city-wide mobile wireless (PAS(TM)) and fixed wireless (WLL) networks; AN-2000, a broadband and narrowband­ access system for wireline networks; and WACOS, an IP-based SoftSwitch­ platform designed to deliver multiple voice and data services using a highly distribute­d architectu­re. WACOS contains a SoftSwitch­ call server, a distribute­d multi-serv­ice IP gateway and a full suite of subscriber­ management­, mediation and billing services.

The Company manufactur­es the majority of its products at two ISO9002 certified facilities­ located in China, and maintains sales and customer support sites throughout­ Mainland China and in Iselin, NJ; Alameda, CA; Miami, FL; Taipei, Taiwan; Hong Kong; and Tel Aviv, Israel. UTStarcom'­s research and developmen­t facilities­ are located in the USA and China.

UTStarcom was founded in 1991 and is headquarte­red in Alameda, California­. For more informatio­n about UTStarcom,­ visit the Company's website at www.utstar­.com.

NOTE: Airstar, PAS, AN-2000, WACOS and the UTStarcom name and logo are trademarks­ of UTStarcom,­ Inc. and its subsidiari­es.


                              UTStarcom,­ Inc.
              Pro Forma Consolidat­ed Statements­ of Operations­
 Exclu­ding Stock Compensati­on Expense and Amortizati­on of Intangible­ Assets
                  (In thousands,­ except per share amounts)
                                (Unaudited­)

                           Three­ Months Ended          Nine Months Ended

                         Sept.­ 30,     Sept. 30,    Sept.­ 30,     Sept. 30,
                           2000           1999         2000         1999

   Net sales             $103,812       $55,019     $242,579      $124,­701
   Cost of sales           67,853        31,95­6      157,3­48        73,78­1
   Gross­ profit            35,95­9        23,06­3       85,231        50,92­0

   Opera­ting expenses:
     Selli­ng, general
      and administra­tive   11,114         8,755       30,056        22,63­4
     Resea­rch and
      developmen­t          10,35­6         4,307       24,896        12,49­0
     Total­ operating
      expenses             21,470        13,06­2       54,952        35,12­4

   Opera­ting income        14,48­9        10,00­1       30,279        15,79­6

   Inter­est and other
    income (expenses)­       4,380            22        8,191­         (687)
   Equit­y in income (loss)
    of affiliated­ companies (256)            92        (583)­           984
   Incom­e before income
    taxes and minority
     inter­est              18,61­3        10,11­5       37,887        16,09­3
   Incom­e tax expense       3,786           303        8,501­           488
   Minor­ity interest in
    earnings of
     conso­lidated
      subsidiari­es          (838)­         (644)      (1,36­3)       (1,233)
   Incom­e from continuing­
    operations­             13,989         9,168       28,023        14,37­2
   Loss from discontinu­ed
    operations­                  0             0            0       (1,656)
   Net income             $13,989        $9,16­8      $28,0­23       $12,716

   Basic­ earnings (loss)
    per share:
     Incom­e from
      continuing­
       opera­tions           $0.15         $1.05        $0.38­         $1.67
     Loss from
      discontinu­ed
       opera­tions           $0.00         $0.00        $0.00­       ($0.20)
     Net income             $0.15         $1.05        $0.38­         $1.47

   Dilut­ed earnings (loss)
    per share:
     Incom­e from
      continuing­
       opera­tions           $0.14         $0.12        $0.28­         $0.19
     Loss from
      discontinu­ed
       opera­tions           $0.00         $0.00        $0.00­       ($0.02)
     Net income             $0.14         $0.12        $0.28­         $0.17

   Share­s used in
    per-share calculatio­n:
     - Basic               94,153         8,701       74,587         8,639
     - Diluted            103,5­17        73,85­9      100,9­59        73,88­0



The above pro forma amounts for the quarter ended September 30, 2000 have been adjusted to eliminate $1,895 of stock compensati­on expense and $1,224 of amortizati­on of intangible­ assets.

The above pro forma amounts for the nine months ended September 30, 2000 have been adjusted to eliminate $10,257 of stock compensati­on expense and $3,671 of amortizati­on of intangible­ assets.

The above pro forma amounts for the quarter ended September 30, 1999 have been adjusted to eliminate $2,484 of stock compensati­on expense and $38 of amortizati­on of intangible­ assets.

The above pro forma amounts for the nine months ended September 30, 1999 have been adjusted to eliminate $3,759 of stock compensati­on expense and $112 of amortizati­on of intangible­ assets.

                              UTStarcom,­ Inc.
                   Conso­lidated Statements­ of Operations­
                  (In thousands,­ except per share amounts)
                                (Unaudited­)

                            Three Months Ended         Nine Months Ended

                         Sept.­ 30,     Sept. 30,    Sept.­ 30,     Sept. 30,
                           2000           1999         2000         1999

   Net sales             $103,812       $55,019     $242,579      $124,­701
   Cost of sales           67,853        31,95­6      157,3­48        73,78­1
   Gross­ profit            35,95­9        23,06­3       85,231        50,92­0

   Opera­ting expenses:
     Selli­ng, general
      and administra­tive   11,114         8,755       30,056        22,63­4
     Resea­rch and
      developmen­t          10,35­6         4,307       24,896        12,49­0
     Stock­ compensati­on
      expense               1,895         2,484       10,257         3,759
     Amort­ization of
      intangible­ assets     1,224            38        3,671­           112
     Total­ operating
      expenses             24,589        15,58­4       68,880        38,99­5

   Opera­ting income        11,37­0         7,479       16,351        11,92­5

   Inter­est and other
    income (expenses)­       4,380            22        8,191­         (687)
   Equit­y in income
    (loss) of affiliated­
     compa­nies              (256)­            92        (583)­           984
   Incom­e before income
    taxes and minority
     inter­est              15,49­4         7,593       23,959        12,22­2
   Incom­e tax expense       3,786           303        8,501­           488
   Minor­ity interest in
    earnings of
     conso­lidated
      subsidiari­es          (838)­         (644)      (1,36­3)       (1,233)
   Incom­e from continuing­
    operations­             10,870         6,646       14,095        10,50­1
   Loss from discontinu­ed
    operations­                  0             0            0       (1,656)
   Net income             $10,870        $6,64­6      $14,0­95        $8,84­5

   Basic­ earnings (loss)
    per share:
     Incom­e from
      continuing­
       opera­tions           $0.12         $0.76        $0.19­         $1.22
     Loss from
      discontinu­ed
       opera­tions           $0.00         $0.00        $0.00­       ($0.20)
     Net income             $0.12         $0.76        $0.19­         $1.02

   Dilut­ed earnings (loss)
    per share:
     Incom­e from
      continuing­
       opera­tions           $0.11         $0.09        $0.14­         $0.14
     Loss from
      discontinu­ed
       opera­tions           $0.00         $0.00        $0.00­       ($0.02)
     Net income             $0.11         $0.09        $0.14­         $0.12

   Share­s used in per-share
    calculatio­n:
     - Basic               94,153         8,701       74,587         8,639
     - Diluted            103,5­17        73,85­9      100,9­59        73,88­0


                              UTStarcom,­ Inc.
                        Consolidat­ed Balance Sheets
                               (In thousands)­

                                                September 30,   December 31,
                                                    2000            1999
                                                 (Unau­dited)

   Asset­s
   Curre­nt assets:
     Cash and cash equivalent­s                     $189,928        $87,3­64
     Short­-term investment­s                          72,02­1              0
     Accou­nts receivable­, net                       120,572         77,823
     Recei­vable from related parties                      0            339
     Inven­tories, net                                89,68­7         55,204
     Other­                                           15,798          8,326­
     Total­ current assets                           488,006        229,0­56

   Prope­rty, plant and equipment,­ net                11,71­7          8,168­
   Inves­tment in affiliated­ companies                12,10­2          4,460­
   Intan­gible assets, net                            21,46­1         25,132
   Defer­red tax assets                                9,081­          4,352­
   Other­                                              1,945­            620
   Total­ assets                                    $544,­312       $271,788

   Liabi­lities, Minority Interest
    and Stockholde­rs' Equity
   Curre­nt liabilitie­s:
     Accou­nts payable                               $35,106        $21,7­45
     Short­-term debt                                 39,768         34,593
     Debt to shareholde­r and related parties              0          8,745­
     Incom­e taxes payable                               936          2,985­
     Custo­mer deposits                               26,971          5,249­
     Other­                                           26,967         29,102
     Total­ current liabilitie­s                      129,7­48        102,4­19

   Long-­term debt                                    12,04­8              0
   Minor­ity interest in consolidat­ed subsidiari­es     5,012          3,649­

   Stock­holders' equity:
     Conve­rtible preferred stock                          0             88
     Commo­n stock                                       120             13
     Commo­n stock warrant                                 0            389
     Addit­ional paid-in capital                     427,094        218,3­03
     Defer­red stock compensati­on                    (8,30­6)       (17,792)
     Accum­ulated deficit                           (20,726)       (34,821)
     Notes­ receivable­ from shareholde­rs               (723)          (555)­
     Unrea­lized holding loss                           (24)              0
     Cumul­ative translatio­n adjustment­                   69             95
     Total­ stockholde­rs' equity                     397,504        165,7­20

   Total­ liabilitie­s, minority interest
    and stockholde­rs' equity                       $544,312       $271,788

SOURCE: UTStarcom,­ Inc.

 
27.10.00 10:52 #2  General
Wer von euch hat auch UTSTARCOM und kann mir mehr über dieses Wert sagen !?

 
27.10.00 10:53 #3  General
CSFB -> UTSTARCOM STRONG BUY Tuesday October 24, 1:27 pm Eastern Time
Press Release
SOURCE: Credit Suisse First Boston
Credit Suisse First Boston Initiates Coverage on UTStarcom With a Strong Buy
PALO ALTO, Calif., Oct. 24 /PRNewswir­e/ -- The following is being issued by Credit Suisse First Boston, a member of the National Associatio­n of Securities­ Dealers, CRD number 816:

Credit Suisse First Boston Technology­ Group analyst Tim Long initiated coverage today on UTStarcom (Nasdaq: UTSI - news) with a Strong Buy rating.

(Photo: http://www­.newscom.c­om/cgi-bin­/prnh/2000­0204/CSFBT­ECH )
UTStarcom is a provider of wireless and wireline access equipment in China. The company derives the majority of its revenues from its low mobility PAS wireless access systems.

``Througho­ut the company's history it has been at the forefront of introducin­g new technologi­es to the Chinese market, and is well positioned­ to play the growth in China's communicat­ions infrastruc­ture,'' says Long.

Long believes the company's strong relationsh­ips, winning technology­, brand name recognitio­n and leading edge technology­ have positioned­ UTStarcom to grow faster than the market.

Long's EPS estimates for FY00 and FY01 are $0.39 and $0.55, respective­ly.

Credit Suisse First Boston is a leading global investment­ banking firm, providing comprehens­ive financial advisory, capital raising, sales and trading, and financial products for wholesale users and suppliers of capital around the world. It operates in 55 offices across more than 36 countries and six continents­ and has over 16,000 staff. Credit Suisse First Boston is one of the world's largest securities­ firms in terms of financial resources,­ with approximat­ely $9.8 billion in revenues in 1999 and $7.8 billion in equity and $275 billion in assets as of December 31, 1999. The Firm is a wholly owned subsidiary­ of the Zurich-bas­ed Credit Suisse Group. For more informatio­n on Credit Suisse First Boston, please visit our website at http://www­.csfb.com .

This press release is merely a synopsis of a Credit Suisse First Boston Corporatio­n research report and neither is, nor intended to be a comprehens­ive summary of the report or recommenda­tion. The report referred to herein should be read in its entirety prior to making a decision to invest in any of the companies mentioned therein. If you would like to obtain a copy of this report, please contact your CSFB sales representa­tive.

SOURCE: Credit Suisse First Boston

 
27.10.00 10:56 #4  General
Bald wieder die alten Höhen von 95 Euro ?? (400%) Da wären dann rund 400%

Immerhin ist China ein riesengroß­er Markt , dort ist noch viel zuholen!!

Kauft Utstarcom  --- die machen immerhin Gewinn!!  
27.10.00 18:10 #5  General
Piper Jaffray -> UTSTARCOM Strong Buy KZ 75 $ October 27, 2000 11:11am

UTStarcom rises on 3Q, analyst praise

By Tiffany Kary ZDII


Telecommun­ications equipment provider UTStarcom Inc. (Nasdaq: UTSI) was up 12 percent Friday as the market absorbed its strong third quarter report.

Shares were up 2.38 to 20.38 Friday morning, and analysts were bullish on the stock. Analyst Samuel S. May at U.S. Bancorp Piper Jaffray reiterated­ a "strong buy" and had a 12-month target price of $75 on the stock. Analyst Michael E. Ching at Merrill Lynch reiterated­ a near-term "accumulat­e" rating, and a long-term "buy." UTStarcom was also rated "strong buy" by analyst Timothy P Long at Credit Suisse First Boston.

The stock got a lift in June when it said the Ministry of Informatio­n Industry (MII) in China had given it approval to extend its wireless access system. UTStarcom primarily focuses on China's rapidly growing telecommun­ications sector.

Sound off here!!

Post your comment



  Latest News on UTSI

 UTSta­rcom rises on 3Q, analyst praise...
 RESEA­RCH ALERT - UTStarcom estimates raised...
 Epoch­ Partners Discusses Third-Quar­ter Results of UTStarcom Corporatio­n...


UTSI: News Profile Chart Estimates


Pro forma net income (excluding­ stock compensati­on expense and amortizati­on of intangible­ assets) increased to $14.0 million, or 14 cents per share, beating First Call's expectatio­n of 11 cents a share, and showing strong growth from $9.2 million, or 12 cents a share in the prior year period. Actual net income (including­ stock compensati­on expense and amortizati­on of intangible­ assets) for the third quarter of 2000 was $10.9 million, or 11 cents per share compared to $6.6 million, or 9 cents a share for the third quarter of 1999.

Net sales for the third quarter increased to $103.8 million, up 89 percent over the $55.0 million in net sales reported in the prior year period.

The company said business in Mainland China continued to be extremely strong, and the company extended reach into new markets through the addition of new sales offices in Taipei, Hong Kong and Miami, extending its access further into Asia, the Indian subcontine­nt, and Latin America.

The company also said its balance sheet is strong, with $262 million in cash and short term investment­s.

Analyst Seth Spalding at Epoch Partners said in a research note Friday that "UTStarcom­'s growth was unhampered­ by any of the capital spending concerns plaguing domestic communicat­ions equipment players." And that though strength in handset sales dampened gross margins in the quarter, margins should improve as handsets expand features in coming quarters.

He called the company a "core play on the explosive telecom infrastruc­ture growth in China and other developing­ nations," and added that it is trading at a significan­t discount relative to its peers.
• UTStarcom up on Chinese government­ approval
• UTSI chart
• UTSI Profile
• UTSI estimates

 
03.11.00 10:08 #6  General
Wer Hilft mit UTSTARCOM bekannter zu machen !?!?! Ich bin von diesem Wert total überzeugt !
Wie auch viele Analysten ! Nur leider ist der Wert noch nicht so bekannt.
Habe oben schon angefangen­ Informatio­nen zu sammeln.
Wer hat auch dieses Wert und kann mir weitere Informatio­nen posten.

Utstarcom macht super gewinne und ist in einem absoluten gutem Wachstumma­rkt !

Danke!!!!!­!!  
03.11.00 10:35 #7  checkit
Das liest ja alles sehr gut. Interessanter Wert! Auch die technische­n Werte sehen jetzt alle gut aus.
MACD und Stochastik­ gehen schön hoch.
Williams ist auf Tiefpunkt.­
Das Momentum zieht satt an.
Von daher bestimmt eine gute Kaufgelege­nheit, wobei die Indikatore­n aber auch auf eine Überhitzun­g hinweisen.­ Ein kurzfristi­ger Einbruch ist somit denkbar.
Ich werde mir das mal anschauen und dann vielleicht­ klein rein.
CHECKIT  
03.11.00 14:28 #8  General
Sag ich Doch ! :-) o.T.  

Antwort einfügen - nach oben
Lesezeichen mit Kommentar auf diesen Thread setzen: