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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Sergio H who wrote (4359)1/22/2004 7:28:25 PM
From: Cary C   of 23958
 
This is one of the reason I still like UTSI long term Sergio

>>"The record year-end backlog of over $1 billion, combined with the announcement last week of a $200 million dollar contract with China Telecom, which is incremental to that backlog, gives us a tremendous amount of visibility in 2004," said Mike Sophie, senior vice president and chief financial officer of UTStarcom Inc. "In addition, handsets only represent approximately 11 percent of backlog, but are typically between 40 to 50 percent of revenues due to the book-and-ship nature of handset sales. Therefore we expect significant additional handset bookings and revenues throughout 2004 which increases our confidence in guidance. Finally, the cash that we raised in our recent equity offering puts us in a strong position to aggressively pursue strategic initiatives to increase shareholder value throughout 2004."

Even I didn't want to hold my trading shares today though. Tomorrow should allow for some wonderful opportunities to trade.
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