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Telecom Gear Supplier Inks Deal In Vietnam.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: David Saito-Chung
UTStarcom nearly tripled from March to its high of 46.45 in August, then fell into a new base. The 34% correction knocked the stock below its 50-day moving average, but it's held up above the 200-day.
The Alameda, Calif.-based company supplies networking equipment to telecom and Internet service provider firms in China. Its Earnings Per Share Rating is a top 99.
On Dec. 22, the firm said it landed a new contract worth over $10 million with Vietnam Post and Telecommunications. UTStarcom will expand deployment of its PAS citywide wireless Internet access ...
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