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Transaction Details

Company: UTStarcom
Yahoo Beta:1.99
Industry:Communications Services

Company Description:  The company produces and distributes wireless, broadband, and third generation communications equipment. Their largest market is China.

Purchase Date:26 Mar 2003 Sale Date:24 Sep 2003
Purchase Price:$20.43 Sale Price:$36.65
  --Split Adjusted:$20.43  --Split Adjusted:$36.65
Shares Purchased:100 Shares Sold:100
  --Split Adjusted:100  --Split Adjusted:100
Transaction Fee:$64.85 Transaction Fee:$77.06
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$23.89 High$0.00
Date15 Jan 2003 Date01 Jan 1996
Low$15.27 Low$0.00
Date30 Sep 2002 Date01 Jan 1996
S&P (Purchase Date):$869.71 S&P (Sale Date):$1,009.38

Timing:  Purchased near midpoint of six month range.
Reason:  Company has a large market share in China. China does not suffer from a telecom infrastructure glut, in contrast to the US. The company plans to expand into India.

Reason:  UTStarcom operates using a technology similar to that of a cordless phone. They have been competing successfully with celluar companies in China. Recently, there have been rumors that the Chinese government may curtail some of the servies the company offers which would make the technology much less attractive.

S&P Gain: 16.06 % Annualized Gain: 34.81%
Stock Gain: 79.4 % Annualized Gain: 222.88%

Net Holding Return ($): $1,480.29
Net Holding Return (%): 70.23 %