UTStarcom (UTSI) Swings to Q3 Loss
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November 14, 2014 6:10 AM EST
UTStarcom (NASDAQ: UTSI) announced that its Board of Directors has appointed Mr. Tetsuzo Matsumoto as a new independent director of the Company, effective November 12, 2014.
Mr. Matsumoto brings more than 50 years of business and management expertise to the Board of Directors. He is currently a Senior Advisor to Softbank Mobile Corp. and the CEO of Japan Link Corp., a leading consultancy to corporates, carriers and operators worldwide.
Throughout his extensive career, Mr. Matsumoto has served as a board director and Chief Strategy Officer of Softbank Mobile. He also represented the company on the... More
November 14, 2014 6:09 AM EST
UTStarcom (Nasdaq: UTSI) has approved a share repurchase program of up to $40 million of its outstanding shares over the next 24 months. The share repurchase program was approved by UTStarcom's Board of Directors and became effective on November 12, 2014.
During the repurchase program period, the Company will... More
