UTStarcom
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| Type | Public NASDAQ: UTSI |
|---|---|
| Founded | 1991 |
| Headquarters |  Alameda, California, USA |
| Key people | Hong Lu, Chairman; Peter Blackmore, CEO; Fran Barton, Executive Vice President and CFO |
| Products | Telecommunications Equipment |
| Revenue | ▲$2.703 Billion USD (2005) |
| Net income | ▼$73.415 Million USD (2005) |
| Employees | 6400 (2007) |
| Website | www.utstar.com |
UTStarcom is a Fortune 1000 company that specializes in IP-based networking products for telecommunications companies and service providers. Its core markets are multimedia communications and broadband, including IP communications and entertainment (IPTV), next generation broadband networks and optical network solutions. It also sells handsets and other consumer products including DSL modems and voice over IP terminal adapters. It has a large customer base in Asia, particularly in China, where it manufactures the majority of its products and where most of its employees are located. It also has business operations in the United States, India, Ireland, France and Japan as well as research and design operations in the United States, China, Korea and India.
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[edit] History
The company was founded in 1991 by Lu, a China-born, US-educated entrepreneur, as Unitech Telecom. In its early years, the company was focused on the telecommunications markets in China. In 1995, Unitech merged with Starcom Networks to form UTStarcom[citation needed]. After several years of trying to build its business in China, UTStarcom launched the Personal Handy-phone System (PHS), also known as the Personal Access System. PHS is a scaled-down version of a cellular network and has 56 million subscribers in China[citation needed]. UTStarcom went public in March 2000. The IPO and a series of acquisitions helped the company expand its business and technology beyond its base in China to other emerging economies in Asia and Latin America as well as to Japan, the United States and Europe. Acquisitions between 2002 and 2004, UTStarcom acquired several companies to expand its technology portfolio and market opportunities in areas such as handsets, CDMA technology, broadband and IP-based communications.
In June 2008, UTStarcom expressed their intent of selling their mobile unit [1].
Peter Blackmore assumed the role of president and CEO as of July 1, 2008 – replacing Hong Lu, who now serves as the executive chairman of UTStarcom’s board. Peter Blackmore is also currently serving on the board of directors at UTStarcom, Inc. as well as the board of directors at MEMC.
UTStarcom sold its Personal Communications Division to AIG Investments in July 2008 [2] and has restructured UTStarcom around three core areas: IPTV, broadband and NGN.
[edit] See also
[edit] References
- ^ Lu, An (June 11, 2008). "UTStarcom set to sell mobile unit". Xinhua News Agency. Retrieved on 2008-12-16.
- ^ "UTStarcom Completes Divestiture of Its Personal Communications Division". UTStarcom, Inc (July 7, 2008). Retrieved on 2009-01-05.
[edit] External links
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