UTStarcom Announces Resignation of Executive Vice President and Chief Operating Officer Mike Sophie
ALAMEDA, Calif., April 13 /PRNewswire-FirstCall/ -- UTStarcom, Inc.
(Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions
and services, today announced that, effective May 5, 2006, its Executive Vice
President and Chief Operating Officer, Mike Sophie will resign in order to
pursue other opportunities.
'Mike has been a dedicated officer of UTStarcom over the past seven years.
During this period, the Company has grown from a successful start-up to a
multi-billion dollar company in the telecommunications industry,' said
and generous spirit and we wish him well in his future endeavors.'
responsibilities until a permanent successor is named.
About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions
and international service and support. The company sells its broadband,
wireless, and handset solutions to operators in both emerging and established
telecommunications markets around the world. UTStarcom enables its customers
to rapidly deploy revenue-generating access services using their existing
infrastructure, while providing a migration path to cost-efficient, end-to-end
IP networks. Founded in 1991 and headquartered in Alameda, California, the
company has research and design operations in the
For more information about UTStarcom, visit the company's Web site at
This release includes forward-looking statements, including the foregoing
statements regarding the likelihood of the Company's continued success and the
anticipated transition of responsibilities following
These statements are forward-looking in nature and subject to risks and
uncertainties that may cause actual results to differ materially. These risk
factors include the changing nature of global telecommunications markets,
changes in demand for and acceptance of the Company's products, general
adverse economic conditions, trends and uncertainties such as changes in
government regulation and licensing requirements, and potential changes in the
Company's management and its hiring decisions. The Company also refers
readers to the risk factors identified in its latest Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed
with the Securities and Exchange Commission.
SOURCE UTStarcom, Inc.