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UTStarcom: Here We Go Again
By Stephen D. Simpson, CFA
August 3, 2005

Do the folks at UTStarcom (Nasdaq: UTSI) know their own business? Once again, the company missed the bar on revenue -- a bar that it itself set.

Revenue in the second quarter grew 5% from the year-ago level but missed the company's own guidance of $740 million given last quarter. On a (slightly) more positive note, the company did manage to bring gross profit margin in within the guided range -- squeaking in with 15.1% (down from 25.6% last year)...
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