Wednesday, March 12, 2008

Exploratory group shareholder CC this Saturday, March 15, 2008 at 10AM

Thanks to everyone who commented on the list of proposals/questions/topics that we will be discussing with management on Monday, March 17, 2008. I appreciate all the comments from the one-line supportive emails to the three page thesis. For the most part, there are consensus on various topics such as expenses, compensation, profitability, defense of the stock price and other topics. However, there are obviously some differences in the approach/opinions as well. I will be holding a shareholder conference call this Saturday, March 15, 2008 (10AM US West Coast time) to go over some of the key proposals/topics.

I have also recently communicated with some fund managers and want to share some of their insights on the company, their vision for the company, why they own the stock (and in some cases bought more recently). I've also had the opportunity to have some email correspondence with Chesha Kamieniecki (UTStarcom Director of IR). She clarified the building issue (as I posted previously) and had some thoughts on the performance of the company, which I will share with the group.

The call will last approximately one-hour and would advice people who are using a microphone to turn it off so that it doesn't echo back (it was difficult to listen to some of the speakers on the previous call). For organizational purpose, I will basically speak for the first 15 minutes or however long to get through the key proposals/topics and then open it up right away for general discussion. As time permits, we will go through as many of the topics that people want to discuss. During the meeting with management, I hope to discuss the main issues and will leave a copy of the list with management and IR. Due to the number of topics, I'm sure we won't get to all of it but hopefully can get answers to them in the future from management/IR.

I will send the CC info out to the group so check your emails (bulk folders as well).

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