UTStarcom Q3 2007 Earnings Call Transcript

UTStarcom, Inc. (NASDAQ:UTSI) Q3 2007 Earnings Call November 12, 1007 8:30 AM ET

Executives

Hong Liang Lu – Chief Executive Officer, Director
Peter Blackmore – President, Chief Operating Officer
Francis P. Barton – Chief Financial Officer, Executive Vice President, Director

Analysts

Mike Ounjian – Credit Suisse First Boston
Larry Harris – Oppenheimer
Paul Wainer - DLS Capital

Operator

At this time I would like to welcome everyone to the UTStarcom Third Quarter 2007 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question and answer session. [Operator Instructions] I will now turn the call over to Mr. Hong Lu, please go ahead sir.

Hong Lu

Thank you Dennis. Good morning and thank you for joining us today. I am Hong Lu, UTStarcom Chief Executive Officer and I am pleased to host today’s call with Fran Barton our Chief Financial Officer and Peter Blackmore our Chief Operating Officer.

The agenda for today’s call is as follows: Peter will begin the call with a discussion of the business units and operational updates, after which, I will give an update on the China market, Fran will then discuss our Q3 financial results, give an update on liquidity and finally he will discuss the thoughts on Q4. Then, we will turn the call over to Q&A.

Before we begin with the formal remarks I would like to remind everyone that some of the information we will discuss today constitutes forward looking statements, actual results could differ materially from our current expectations. To understand the risks that could cause results to differ please refer to the risk factor identified in our latest Annual Report on Form 10-K and our Quarterly Report on Form 10-Q and Current Report on Form AK, which are filed with the