I agree totally and here is my UTSI assessment and predictions.

Since I am a new buyer of UTSI and I believe in the news and messages
that I've heard in the past month, here is a summary of what I have
learned:  Please respond and add to anything that I have missed, so
Longs can have all the information for the upcoming two months when
specific events and milestones occur and provide buying
opportunities.  Help everyone with their due diligence and it may help
in providing a summary of the information that can be verified
elsewhere.  Here is the staring point for this topic:

-Expect restatement of UTSI's annual and quarterly financial
statements for the years 2000 through 2005, as well as quarterly
reports for the first two quarters of 2006.- This should occur by the
15th october by latest. On the 17 Sept the market liked this news and
the stock finished regular trading up 40 cents, or 14.9 percent, at
$3.09
--shorts have less than 10 days to complete the buying (Short Squeeze)
due to good news expected.
--Expected good news on China Division restatement and run up or run
back to previous levels of stock price.
--Expectation is that it will cover the freefall from the June levels
to the $5 range.  When, tech name UTStarcom of Alameda, Calif., fell
11.4% to $6.48 on news late Friday that Ying Wu, CEO of its Chinese
unit, had departed.
--Others expect it to cover the previous freefall to the Feb 2007
timeframe of $10 per share.
--Some seem to think that a minimum would be to cover the distance to
the Book Value of UTSI which is $7.52 per share which was last seen on
May 3, 2007.
-Then Nov 28, 2007 more favorable information is due in the form of a
-UTSI is in expanding markets of China and India and expect to profit
from being well positioned with good products.
-Recent release of the CDM8935, the 'Mini', with Cricket(R) seemed
like good news but did not move the stock price.
-33M share short with any good news should accelerate buying due to
short covering.
-I like the UTSI cash position of $5.44 per share or Cash after debt
of $2.00 a share.
-I like Revenue per share of $20.44.
-Motley Fool lists UTSI as one of the 7 Surprising 1-Star Stock that
their CAPS community like, having appreciated nearly 30% in the last
30 days.
-Since this past week the stock has gone down on low volume, means
that the Longs expect good news and are not selling, indicating the
expected good news could really hurt the shorts if there are no shares
available to cover their short position.
- September 18, 07- The company said in a conference call late Monday
it is working to reduce quarterly operating expenses by $10 million to
$15 million per quarter. It plans to outsource some operations, invest
in Internet-protocol research and development, and make other
changes.  Share holders again reacted as the shares finished up 36
cents to $3.45.
-UTSI has an unusual high call volume. Positive forecasting tool.
-UTSI has its 2007 Annual Meeting of Stockholders from on, November
29, 2007.  This will be the end of uncertainty and any bad news is
already cooked into the sub$4.00 share price.  Any good restructuring
news can be very positive for the stock price.
9/11/07- UTStarcom Inc. has signed a multiyear, multimillion-dollar
contract with Bell & Tell Pvt. Ltd. to provide bundled voice and data
services in Pakistan using UTStarcom's optical network and VoIP
technologies.  Shares jumped 4.8% to $2.83 from their lows at $2.69
signaling the reversal in the share price.
-UTSI has a good list of products and well positioned in expanding
markets.

-Shorts counter with:  This stock is overvalued and the company is
poorly managed.
        --With 33M shares shorted, this stock has a tough time moving up past
this resistance, without some major news release.
-Profit Margin=-19.67%, Operating Margin=-8.57%
-6/1/07- Telecoms equipment company UTStarcom Inc. said Friday that
Ying Wu, CEO of its operations in China, will quit.  Short sited this
as poor management and losing their strong position in China.
-9/17/07-by Russel Flannery- UTStarcom did well for a time. But from a
peak of $87.50 in March 2000 UTStarcom's shares today are worth below
$3, a fate worse than most international telecoms, and the company is
facing delisting for failing to make timely financial disclosures. At
a time when the business world is focused on China, UTStarcom is a
wake-up call to investors that overlooking fundamentals while being
seduced by its large market size can be costly.
-UTSI changed the date of its 2007 Annual Meeting of Stockholders from
Thursday, November 8, 2007 to Thursday, November 29, 2007.  Shorts
believe delay is due to accounting bad new.
-9/18/07- Banc of America Securities analyst Tim Long said the
conference call lacked the details he was looking for, and cut his
target price on the stock to $3 from $6.50.  He also said the
company's future performance is not easy to predict, and has a weak
position in most of its end markets. Long maintained a "Neutral"
rating on shares
-8/15/07- Telecommunications equipment company UTStarcom Inc. said
Wednesday it received a fourth warning from the Nasdaq Stock Market
that it could be delisted for failing to file required financial
reports.  Shares fell 5 cents to $2.70 on this news.

I personally am a recent buyer into UTSI with over twelve 5000 share
buys.  I believe that the expected good news can get though the
current short pressure into the $5.00 level based on the stock getting
to the $4.30 range in Mid Sept.  I consider this conservative; the
further upside potential is based on how dedicated the current stock
holders are.  Many of who have been holding since before $10 a share.
If they buy and average down and the expected good news brings in some
institutional buying, possibly due to the restatement or improved
financials then I believe the stock can go much higher

I believe the biggest short term milestone is for UTSI to restate the
financials so that the delisting threat is removed.  Then the
structuring of the company can also bring gains after the Wu
replacement is named.  Then UTSI needs to work on the debt and then I
believe the current revenues will take care of the share holders.

So, I personally plan to double my position before it breaks through
the $4.30 level from early this month and then after $5.00 a share,
management my account with tight stops.  I will then hope the above
mentioned events occur to take this stock higher.

Currently I am a strong buy, but I will keep a close watch on the
Conference calls, Restatement of Earnings and the Stockholder's
Meeting for information to change my position.

Longs what have I missed, please add to the positives that we can
expect for the next month.

Shorts I also request constructive dialog as to why you think this
stock can not reach $5.00 share or higher in the next month.  Specific
details or links only are appreciated.

The last two days increase in price and todays increase back to near
normal volume shows relative strenght of this stock especially since
the market was solidly down today.

I orginally got into UTSI by the BUY signal at about $2.72, from the
site below.  I bought in after this Buy signal at $3.07 and bought all
the way up until it was over $4.31.  Today with a strong up day
against the down market, this site will confirm another BUY signal.
(Currently a BUY-IF signal.  I expect with the restatement due by the
end of the month, that this time this stock will run to $5 to $5.50 a
share.  If the restatement is neutral to good news this stock has no
resistance until the $7-8 range.  I would not be short on this day or
be caught short if they annouce the restatement early.  The SHORTS
would get SLAUGHTERED!

http://www.americanbulls.com/StockPage.asp?CompanyTicker=UTSI&MarketT...

This strong up day against a overall down market, shows relative
strenght in this stock.  I have bought 3 more times today.  I am
expecting the BUY signal at the COB and tomorrow should be a very good
day for the UTSI shareholders.

Go Longs!  This is a great buying opportunity.  Keep the volume high
and the shorts running for cover.