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Same Old UTStarcom
By Stephen D. Simpson, CFA
October 7, 2005

Here we go again with UTStarcom (Nasdaq: UTSI). Another quarter has rolled on by, so it must be time to lower the numbers again and listen to the latest excuses from the telecom equipment maker.

For this quarter, the sales forecast is dropping by about $40 million (from a midpoint of $670 million to a midpoint of $630 million) because of delayed product revenue recognition. Readers might recall a similar problem back in January of this year, though the products and customers involved were different....
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