UTStarcom, Inc. (Nasdaq: UTSI - message board), a global leader in IP-based, end-to-end networking solutions and services, today reported financial results for the second quarter of 2007.

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Net sales for the second quarter 2007 were $538.2 million. Gross margins for the second quarter 2007 were 14.8% and net loss for the quarter was $61.7 million, or a loss of ($0.51) per share.

"Clearly the first half of 2007 was challenging for UTStarcom," stated Fran Barton, Chief Financial Officer of UTStarcom, Inc. "However we are pleased to report that we expect to file our Q2 2007 Form 10-Q within the next few days, and as such, we will have completed all of our outstanding filings, which will bring us current with both the NASDAQ listing qualifications panel and our bondholders. Now, we look forward to executing on our new corporate strategy and focusing on the opportunities and internal improvements that we believe will drive the Company toward profitability."