said Lu Ying

fertieg95

UT Starcom is currently being reorganized. Due to the significant reduction in costs and a decline in revenue, the company's loss rate in recent quarters has declined. UT Starcom The expected revenue in 2010 from 325 million down from 270 million to 280 million U.S. dollars. UT Starcom had previously announced revenue guidance below analyst expectations at the time.
UT Starcom president, said Lu Ying, the expected decline in revenue was mainly due to equipment sales business based, UT Starcom is in transition to service-based business, such business revenue more predictability.
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UT Starcom announced Thursday, will be $ 30,000,[link widoczny dla zalogowanych],000 in cash and stock acquisition of Stage Smart 75% stake in the company, which for the Chinese state-owned media companies Cristar Media provides technology and services. Under the terms of the deal,[link widoczny dla zalogowanych], UT Starcom will pay $ 20,000,[link widoczny dla zalogowanych],000 in cash and issue $ 10,000,000 of the shares. UT Starcom current market value of about $ 316,500,000. (Li Hui)
SAN FRANCISCO, Oct. 21 evening, according to foreign media reports, UT Starcom, said several large orders as the advancing speed slower than expected, so the expected reduction in revenue this year. Affected, UT Starcom in premarket trading the U.S. stock market shares tumbled 7%.