UTStarcom (UTSI) Misses Q3 EPS by 1c
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November 9, 2015 7:17 AM EST
HONG KONG, Nov. 09, 2015 (GLOBE NEWSWIRE) -- UTStarcom (UTStarcom or the Company) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for the third quarter ended September 30, 2015.
Mr. William Wong, UTStarcoms Chief Executive Officer, stated, We are pleased to have exceeded our initial expectations for the third quarter, delivering better than expected revenue results with sequential improvement in gross margin as well. This was achieved due to the ongoing aggressive realignment of our business towards the higher end of the market. Our high-margin products continue to be in solid... More
November 9, 2015 12:19 AM EST
HONG KONG, Nov. 09, 2015 (GLOBE NEWSWIRE) -- UTStarcom (NASDAQ: UTSI), a global telecommunications infrastructure provider, announced today the formal release of NG-PTN product family, the next generation of UTStarcoms packet optical transport network solution to the industry. The announcement is accompanied by the release of three new devices in the NG-PTN family: TN701B, TN703A, and TN704A aimed at Metro Access and Aggregation segments.
The new NG-PTN solution brings together all of UTStarcoms most recent innovative developments to deliver highly cost effective, scalable, agile and intelligent metro... More
