UT Starcom (UTSI +13.9%) rallies to $0.90 after announcing a 3-for-1 reverse split, and a $30M...

|By:, SA News Editor

UT Starcom (UTSI +13.9%) rallies to $0.90 after announcing a 3-for-1 reverse split, and a $30M tender offer for outstanding shares at a price of $1.20. The Chinese telecom equipment company reported a 19% Y/Y revenue drop for Q3 last week, and announced a CFO change in October.  (PR)