24/7 Wall St.
05-06-2008, 07:40 PM
24/7 Wall St. Daily News
If there has ever been a battered and tattered tech stock, UTStarcom Inc. is the epitome of that. Almost miraculously, the company has raised guidance and shares are soaring. The company has put guidance for first quarter revenues in the range of $580 million to $590 million. This compares to initial guidance of $500 million to $520 million. The company also hiked up gross margins to be in the range of 15% to 16%, above the prior guidance of approximately 13%. UTStarcom says this is due to better than expected performance from its personal communications unit and from its core...http://feeds.feedburner.com/~f/typepad/RyNm?i=jShBQH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=jShBQH) http://feeds.feedburner.com/~f/typepad/RyNm?i=11UM4H</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=11UM4H) http://feeds.feedburner.com/~f/typepad/RyNm?i=W7F6Ch</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=W7F6Ch)
complete story here... (http://www.247wallst.com/2008/05/utstarcom-mirac.html)
If there has ever been a battered and tattered tech stock, UTStarcom Inc. is the epitome of that. Almost miraculously, the company has raised guidance and shares are soaring. The company has put guidance for first quarter revenues in the range of $580 million to $590 million. This compares to initial guidance of $500 million to $520 million. The company also hiked up gross margins to be in the range of 15% to 16%, above the prior guidance of approximately 13%. UTStarcom says this is due to better than expected performance from its personal communications unit and from its core...http://feeds.feedburner.com/~f/typepad/RyNm?i=jShBQH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=jShBQH) http://feeds.feedburner.com/~f/typepad/RyNm?i=11UM4H</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=11UM4H) http://feeds.feedburner.com/~f/typepad/RyNm?i=W7F6Ch</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=W7F6Ch)
complete story here... (http://www.247wallst.com/2008/05/utstarcom-mirac.html)