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To: Susan Saline who wrote (8604)	3/31/2004 10:22:08 AM
From: Susan Saline	Read Replies (1) of 13403

UTSI buy @ 29.05 added to previous position of 29.98 with avg at 29.51 UTStarcom lifts Q1 rev view; inks $87M in contracts (9:15 AM ET) NEW YORK (CBS.MW) -- UTStarcom(UTSI)lifted its revenue outlook for the first quarter due to strong demand for its personal access system equipment, and disclosed network expansion contracts valued at roughly $87 million with China Netcom Corp. The company now sees revenue in the range of $600 million for the first quarter, but it left its forecast for earnings of 38 cents per share in the period unchanged. UTStarcom lowered its gross margin projection to about 28 percent from about 30 percent due to continued weakness in the U.S. dollar. The stock closed Friday at $31.54, up 7 cents.

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