Top Tech Companies To Watch In Right Now

Top Tech Companies To Watch In Right Now: UTStarcom Inc.(UTSI)

UTStarcom Holdings Corp. designs and sells Internet protocol (IP)-based telecommunications infrastructure products to telecommunications service providers and operators worldwide. It provides solutions in IPTV, interactive (iD) TV, Internet TV, and broadband, as well as related installation and maintenance services. It offers multimedia communications products, including RollingStream, an IPTV solution that enables a service provider to deliver broadcast television and on-demand video services to residential and commercial premises over a switched network architecture; mSwitch, a next generation network solution that enables service providers to migrate from existing circuit platforms to a next generation IP-based switch architecture, or to launch new applications in new deployment environments that have no legacy infrastructure; and a personal access system, as well as provides related consulting, technical, project, quality, and maintenance support-level services. The co mpany also provides broadband infrastructure products comprising broadband access products consisting of multi-service access node products; digital subscriber line (DSL) products, such as DSL modems, set-top boxes, and voice over the internet devices for residential and business customers; and gigabit Ethernet passive optical network products, as well as optical transport products, including packet optical transport network products, multi-service transport platform, and resilient packet ring. It sells its products through direct sales, original equipment manufacturers, distributors, resellers, agents, and licensees primarily in China, Japan, India, and other Asian markets; the United States; Latin America; and Europe. The company was formerly known as UTStarcom, Inc. and changed its name to UTStarcom Holdings Corp. in June 2011. UTStarcom Holdings Corp. was founded in 1991 and is headquartered in Beijing, China.

Advisors' Opinion:

• [By Dan Radovsky]

  Today the satellite pay-TV provider filed a letter with the Federal Communications Commission pointing to media reports about a Department of Justice investigation into charges of bribery by telecommunications equipment provider UTStarcom (NASDAQ: UTSI  ) , also known as UTSI. The DOJ says the company gave $7 million to Chinese government officials in return for telecommunications sales contracts. In 2009 UTStarcom admitted to bribery and agreed to pay $1.5 million.

• [By Dan Radovsky]

  DISH's reply
  As expected, DISH was ready with a response, but it wasn't one that defended its numbers. Instead, DISH filed a letter with the Federal Communications Commission repeating media accounts regarding a Department of Justice investigation of bribery charges against telecommunications equipment provider UTStarcom (NASDAQ: UTSI  ) . The DISH filing says Masayoshi Son was chairman of the board of UTStarcom during part of the time in which the bribery was said to occur.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-tech-companies-to-watch-in-right-now.html