Monday, May 09, 2005

 

UTSI to the curb

Down $1000 today. I decided to kick UTSI out of my portfolio. Upon further reflection, the earnings report was just so bad that I don't think this stock has much upside. Of course, considering the large short interest, a short squeeze is possible. However, given the lack of a buy catalyst, that is not likely to occur.

Comments:
UTStarcom GmbH has fraudulent attitude with Employment and Fiscal Laws in Europe. Soon UTSI will lay off 25 workers of the German branch. Think twice before you get any STOCK from UTSI
 
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