Epoch Partners Issues Company Update on UTStarcom, Inc.

UTSI Reports 1Q01 Results - Strong and Getting Stronger



Apr 27, 2001, 01:00 ET from Epoch Partners

    SAN FRANCISCO, Apr 27 /PRNewswire/ -- Epoch Partners today announced it
 has issued a Research Note on UTStarcom, Inc. (Nasdaq: UTSI).  The Note is
 available for free to investors through the Epoch Web site (www.epoch.com).
     The Research Note, issued by Seth Spalding, Senior Research Analyst for
 Communications Equipment Systems, discusses the current investment thesis of
 UTStarcom, Inc.  Highlights from the report include the following:
 
     -- UTStarcom reported excellent 1Q01 results, with sales and earnings that
        easily beat our estimates and the consensus.
     -- Tone of the business continues to improve, with rising gross margins,
        increasing backlog and good visibility into international (i.e. outside
        of China) opportunities
     -- China remains immune from the capital spending concerns in the U.S.
        and Europe. The overarching risk remains political.
     -- The note is available free at www.epoch.com.
 
     Communications Equipment Research Coverage
     Investors can visit Epoch's Web site to read research coverage on the
 following public companies:  Avanex Corporation, Avici Systems, Bookham
 Technology plc, Ceragon Networks, CIENA Corporation, Cisco Systems, Corvis
 Corporation, Endwave Corporation, Finisar Corporation, Floware Wireless
 Systems, Foundry Networks, JDS Uniphase Corporation, Juniper Networks, Lucent
 Technologies, Netro Corporation, New Focus, Inc., Netro Corporation, Sycamore
 Networks, and UTStarcom, Inc.
     In addition, investors can be added to the Communications Equipment email
 alert system, which alerts investors to new research in the Communications
 Equipment sector.  To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochcommeq .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site
 http://www.epoch.com .
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information.  Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies.  The securities discussed
 in the Epoch Partners Research may be unsuitable for investors depending on
 their specific investment objectives and financial situation and needs.  No
 report included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor.  For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.  This
 document has been published in the United States for Residents of the United
 States.
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X82705929
 
 

SOURCE Epoch Partners
    SAN FRANCISCO, Apr 27 /PRNewswire/ -- Epoch Partners today announced it
 has issued a Research Note on UTStarcom, Inc. (Nasdaq: UTSI).  The Note is
 available for free to investors through the Epoch Web site (www.epoch.com).
     The Research Note, issued by Seth Spalding, Senior Research Analyst for
 Communications Equipment Systems, discusses the current investment thesis of
 UTStarcom, Inc.  Highlights from the report include the following:
 
     -- UTStarcom reported excellent 1Q01 results, with sales and earnings that
        easily beat our estimates and the consensus.
     -- Tone of the business continues to improve, with rising gross margins,
        increasing backlog and good visibility into international (i.e. outside
        of China) opportunities
     -- China remains immune from the capital spending concerns in the U.S.
        and Europe. The overarching risk remains political.
     -- The note is available free at www.epoch.com.
 
     Communications Equipment Research Coverage
     Investors can visit Epoch's Web site to read research coverage on the
 following public companies:  Avanex Corporation, Avici Systems, Bookham
 Technology plc, Ceragon Networks, CIENA Corporation, Cisco Systems, Corvis
 Corporation, Endwave Corporation, Finisar Corporation, Floware Wireless
 Systems, Foundry Networks, JDS Uniphase Corporation, Juniper Networks, Lucent
 Technologies, Netro Corporation, New Focus, Inc., Netro Corporation, Sycamore
 Networks, and UTStarcom, Inc.
     In addition, investors can be added to the Communications Equipment email
 alert system, which alerts investors to new research in the Communications
 Equipment sector.  To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochcommeq .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site
 http://www.epoch.com .
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information.  Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies.  The securities discussed
 in the Epoch Partners Research may be unsuitable for investors depending on
 their specific investment objectives and financial situation and needs.  No
 report included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor.  For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.  This
 document has been published in the United States for Residents of the United
 States.
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X82705929
 
 SOURCE  Epoch Partners