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To: Sonny Blue who wrote (10734)	3/4/2002 4:32:38 PM
From: Bill Harmond	Respond to of 57684

16:28 ET UTSI UTStarcom announces contracts valued at $43.7 mln (22.30 -0.63) Company announces it has signed contracts valued at approximately $43.7 million for its PAS and IP-Based PAS city-wide wireless access systems in 8 cities in the Yunnan Province in the South-Western region of China.

To: Sonny Blue who wrote (10734)	3/4/2002 5:21:55 PM
From: techanalyst1	Read Replies (2) \| Respond to of 57684

Breaks the downtrend in nazzie on heavy volume. Bad news for the shorts. I bet the worst case is a trading range for a while. The only thing worrisome is the seasonality in front of tax season and earnings season and the continued lows in vix and vxn. I hope who ever sold me their telm shares today for less than the company has in cash doesn't feel too much pain when the stock is back to 9 next year. Even if they miss revenues and burn additional cash (which is likely), it's probably still a decent valuation. And even if the company is a buyout, I doubt it goes for less than they have in the bank. TA