Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (1364)	7/6/2007 2:57:43 AM
From: pcyhuang	Respond to of 4080

Correction -- UTSI's chart stockcharts.com pcyhuang

To: pcyhuang who wrote (1364)	8/13/2007 10:51:17 AM
From: pcyhuang	Read Replies (1) \| Respond to of 4080

UTSI -- Update WSJ Online reports: Semiconductor company PMC-Sierra Inc. (PMCS) said a subsidiary has settled a contract and warranty dispute with UTStarcom Inc., a network solutions company. UTStarcom and PMC-Sierra's Passave unit reached a settlement agreement on Tuesday, according to a Thursday Securities and Exchange Commission filing. "In exchange for a dismissal of all claims with prejudice, Passave agreed to pay a cash amount and provide a limited amount of product to UTStarcom over the next three years," Santa Clara, Calif.-based PMC-Sierra said in the filing. The filing didn't specify how much Passave will pay UTStarcom. UTStarcom in Alameda, Calif., sued Passave in the state's Santa Clara County Superior Court in 2005 over alleged breach of contract and breach of warranty, the filing said. UTStarcom requested indemnity associated with the sale of Passave's PAS 5001 products and claimed it incurred fees and expenses of more than $30 million, the filing said. PMC-Sierra shares traded Friday morning at $7.69 each, down 22 cents. Further comments: Is it possible that IPTV will become a much pursued technology in 2008, coincide with the Beijing's Olympics? I think so. pcyhuang