What’s behind UTStarcom’s slide

Bruce Einhorn

As China’s wireless telecom industry exploded in the late 1990s and early 2000s, the one U.S. company that benefited the most was UTStarcom Inc. UTStarcom was based in Alameda, California and its stock traded on Nasdaq, but China was by far its most important market. The company focused on selling wireless equipment to China’s state-owned telecom operators, and a few years ago made it onto BusinessWeek’s annual Hot Growth list of small and midsized companies.

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