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To: techanalyst1 who wrote (12807)	7/18/2002 5:58:13 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

17:51 ET UTSI UTStarcom guides higher (20.67 -0.15) Company guides higher; sees Q3 earnings in the range of $0.27-$0.28 per share vs the $0.27 Multex consensus; sees full year earnings in the range of $0.99-$1.01 per share vs the consensus of $0.97 per share.

To: techanalyst1 who wrote (12807)	7/18/2002 6:20:36 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 57684

I think they erred in not preannouncing. Did you listen to the entire sebl call? At the end one of the analysts asked why they didn't preannounce and Tom was obviously agitated by the question. His answer was something like, "we reviewed the financials with legal and the CFO and they said not to warn..." - something like that. I was wondering what was going on with the wild divergences in expectations too. I couldn't beleive that first call was looking for revenues in the mid-4's. All the active sebl-watchers had revenues in the 300s and tons of PRs 2 weeks before earnings, saying things like the sky was falling. I wonder if Tom was just peeved at all the leaks and innuendo. As I told someone in a PR today, when the numbers first came out there wasn't much of a reaction in ah. A little down, maybe .10- it was the call that really hurt the stock. Ah well better days ahead I hope. L