UTStarcom has been awarded approximately $85.7 million with China Netcom Corporation (CNC) to expand and upgrade its IP-based PAS (Personal Access System) networks in Beijing and the Heilongjiang province.
UTStarcom also announced that as a result of the strong demand for its PAS infrastructure and handsets, the company is guiding to slightly higher revenues, slight gross margin pressure, and reiterates GAAP EPS guidance for the first quarter of 2004. http://www.utstar.com
