|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the UTSI 10-Q filed May 8, 2009. Other
Our Other segment consists of Mobile Solutions (“MSBU”) and Custom Solutions (“CSBU”) business units. We disposed our MSBU unit in July 2008 and completed the disbandment of the CSBU unit in the first quarter of 2009. The remaining IP Messaging product line has been integrated into the Multimedia Communication segment and remaining services related contracts have been integrated into the Service segment.
These excerpts taken from the UTSI 10-K filed Mar 2, 2009. Other
Fiscal 2008 vs. 2007 Our Other segment consists of Mobile Solutions (MSBU) and Custom Solutions (CSBU) business units. Revenue decreased by $18.4 million, or 43% for 2008 as compared to 2007. Of the total $18.4 million decrease in sales, $7.7 million was due to the disposition of MSBU in July 2008 and $4.6 million was related to recognition of revenue of a higher margin product sales in 2007. In the fourth quarter of 2008, we initiated actions to disband CSBU. Gross profit percentage decreased to 51% for 2008 from 61% for 2007. The decrease was primarily due to higher inventory reserves and higher overhead expenses in 2008 offset by the effect of the disposition of MSBU which had lower gross margin sales. Fiscal 2007 vs. 2006 The Other segment revenue increased by $8.1 million, or 23% in 2007 as compared to 2006 due to increase in sales of Custom Solutions products and related services as well as the IPCDMA product line of Mobile Solutions, partially offset by a decrease in sales of the data software products of the Mobile Solutions business unit due to increased competition. The IPCDMA product line accounted for 34% of the total Other segment revenue. Gross Profit as a percentage of sales decreased from 73% in 2006 to 61% in 2007, mainly due to a decrease in data software sales which normally have higher gross profit margins. Other
Fiscal 2008 vs. 2007 Our Other segment consists of Mobile Solutions (MSBU) and Custom Solutions (CSBU) business units. Revenue decreased by Gross Fiscal 2007 vs. 2006 The Other segment revenue increased by $8.1 million, or 23% in 2007 as compared to 2006 due to increase in sales of Custom Gross This excerpt taken from the UTSI 10-Q filed Nov 7, 2008. Other
39
Our Other segment consists of Mobile Solutions and Custom Solutions business units. On July 31, 2008, we sold MSBU. The revenue decreased by $9.5 million, or 63% for the three months ended September 30, 2008 as compared to the same period in 2007. The revenue decreased by $5.4 million, or 20% for the nine months ended September 30, 2008 as compared to the same period in 2007. The decrease was primarily due to the disposition of MSBU in July 2008.
Gross profit percentage increased to 67% and 60% for the three and nine months ended September 30, 2008, respectively, from 34% and 54% for the same periods in 2007. The increase was due to the disposition of MSBU which had lower gross margin as well as the recognition of revenue of a low margin contract during the third quarter of 2007.
40 This excerpt taken from the UTSI 10-Q filed Aug 11, 2008. Other
Our Other segment consists of Mobile Solutions and Custom Solutions business units. The revenue increased by $3.2 million, or 57% for the three months ended June 30, 2008 as compared to the same period in 2007. The revenue increased by $4.1 million, or 35% for the six months ended June 30, 2008 as compared to the same period in 2007. The increase was primarily due to increased service revenues during the periods.
Gross profit percentage decreased to 43% and 57% for the three and six months ended June 30, 2008, respectively, from 65% and 80% for the same periods in 2007. The decrease was primarily related to the recognition of revenue of a higher margin contract in 2007. Increased overhead expense related to dedicated supply chain support contributed to a lower gross profit percentage in 2008.
This excerpt taken from the UTSI 10-Q filed May 15, 2008. Other
Our Other segment consists of Mobile Solutions and Custom Solutions business units. The revenue increased by $0.9 million, or 15% for the three months ended March 31, 2008 as compared to the same period in 2007.
Gross Profit percentage decreased to 75% for the three months ended March 31, 2008 from 93% for the same period in 2007. The decrease was primarily related to the recognition of revenue of a higher margin contract in the first quarter of 2007. Increased overhead expense related to dedicated supply chain support contributed to a lower gross profit percentage in 2008.
These excerpts taken from the UTSI 10-K filed Mar 3, 2008. Other
Fiscal 2007 vs. 2006 Our Other segment consists of Mobile Solutions and Custom Solutions business units. The revenue increased by $8.1 million, or 23% in 2007 as compared to 2006 due to increase in sales of Custom Solutions products and related services as well as the IPCDMA product line of Mobile Solutions, partially offset by a decrease in sales of the data software products of the Mobile Solutions business unit due to increased competition. The IPCDMA product line accounts for 34% of the total Other segment revenue. Gross Profit as a percentage of sales decreased from 73% in 2006 to 61% in 2007, mainly due to a decrease in data software sales which normally have higher gross profit margins. 70 Fiscal 2006 vs. 2005 Net sales in our Other segment decreased by $11.0 million, or 24%, for 2006 as compared to 2005. The decrease in net sales was primarily due to revenue decrease in all product lines except IPCDMA caused by increased competition and delay in obtaining final acceptance of certain contracts in 2006. Other
Fiscal 2007 vs. 2006 Our Other segment consists of Mobile Solutions and Custom Solutions business units. The revenue increased by $8.1 million, or 23% in 2007 as compared to Gross 70 Fiscal 2006 vs. 2005 Net sales in our Other segment decreased by $11.0 million, or 24%, for 2006 as compared to 2005. The decrease in net sales was primarily due to revenue This excerpt taken from the UTSI 10-Q filed Aug 9, 2006. Other We are a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, we believe that the final outcome of such matters will not have a material adverse impact on our financial position or results of operations. 81 In the future we may subject to other lawsuits. Any litigation, even if not successful against us, could result in substantial costs and divert management's attention and other resources away from our business operations. This excerpt taken from the UTSI 10-Q filed Jun 26, 2006. Other We are a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, we believe that the final outcome of such matters will not have a material adverse impact on our financial position or results of operations. In the future we may subject to other lawsuits. Any litigation, even if not successful against us, could result in substantial costs and divert management's attention and other resources away from our business operations. 75 This excerpt taken from the UTSI 10-K filed Jun 26, 2006. Other The Company is a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, the Company believes that the final outcome of such matters will not have a material adverse impact on it's financial position or results of operations. This excerpt taken from the UTSI 10-Q filed Jun 22, 2006. Other We are a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, we believe that the final outcome of such matters will not have a material adverse impact on our financial position or results of operations. In the future we may subject to other lawsuits. Any litigation, even if not successful against us, could result in substantial costs and divert management's attention and other resources away from our business operations. 75 This excerpt taken from the UTSI 10-K filed Jun 1, 2006. Other The Company is a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, the Company believes that the final outcome of such matters will not have a material adverse impact on it's financial position or results of operations. This excerpt taken from the UTSI 10-Q filed Nov 9, 2005. Other:
Certain of the Company’s sales contracts include provisions under which customers would be indemnified by the Company in the event of, among other things, a third-party claim against the customer for intellectual property rights infringement related to the Company’s products. There are no limitations on the maximum potential future payments under these guarantees. The Company has not accrued any amount in relation to these provisions as no such claims have been made and the Company believes it has valid, enforceable rights to the intellectual property embedded in its products.
18
This excerpt taken from the UTSI 10-Q filed Aug 9, 2005. Other:
Certain of the Company’s sales contracts include provisions under which customers would be indemnified by the Company in the event of, among other things, a third-party claim against the customer for intellectual property rights infringement related to the Company’s products. There are no limitations on the maximum potential future payments under these guarantees. The Company has not accrued any amount in relation to these provisions as no such claims have been made and the Company believes it has valid, enforceable rights to the intellectual property embedded in its products.
18
This excerpt taken from the UTSI 10-Q filed Jun 6, 2005. Other On August 19, 2004, we received a letter from the new management team of Hyundai Syscomm, Inc. (“HSI”) stating that they consider the Asset Purchase Agreement, dated as of February 26, 2004, among HSI, UTSI, Dr. Seong-Ik Jang and 3R Inc. (the “APA”), and the various ancillary agreements entered into in connection with the closing related to the APA on April 27, 2004, to be null and void due to unfulfillment of condition precedents and material breach of terms of such agreements. Such condition precedents and material breach of terms were not specified in such letter from HSI. In addition, HSI has made allegations and arguments before Korean governmental agencies and to the Korean press alleging that the technology that was purchased by us pursuant to the APA has been exported outside of Korea. We believe none of such technology has been exported by us from Korea to any foreign country. In addition, we believe that we have materially complied with all provisions of the APA and the ancillary agreements and HSI cannot void or nullify such agreements. We have taken, and will continue to take, appropriate legal actions to fully enforce our rights under the APA and the ancillary agreements. We believe that this dispute with HSI would not have a material adverse effect on our financial condition, results of operations or cash flow. We are a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, we believe that the final outcome of such matters will not have a material adverse impact on our financial position or results of operations. In the future we may subject to other lawsuits. Any litigation, even if not successful against us, could result in substantial costs and divert management’s attention and other resources away from our business operations. This excerpt taken from the UTSI 10-Q filed May 10, 2005. Other
On August 19, 2004, we received a letter from the new management team of Hyundai Syscomm, Inc. (“HSI”) stating that they consider the Asset Purchase Agreement, dated as of February 26, 2004, among HSI, UTSI, Dr. Seong-Ik Jang and 3R Inc. (the ”APA”), and the various ancillary agreements entered into in connection with the closing related to the APA on April 27, 2004, to be null and void due to unfulfillment of condition precedents and material breach of terms of such agreements. Such condition precedents and material breach of terms were not specified in such letter from HSI. In addition, HSI has made allegations and arguments before Korean governmental agencies and to the Korean press alleging that the technology that was purchased by us pursuant to the APA has been exported outside of Korea. We believe none of such technology has been exported by us from Korea to any foreign country. In addition, we believe that we have materially complied with all provisions of the APA and the ancillary agreements and HSI cannot void or nullify such agreements. We have taken, and will continue to take, appropriate legal actions to fully enforce our rights under the APA and the ancillary agreements. We believe that this dispute with HSI would not have a material adverse effect on our financial condition, results of operations or cash flow.
We are a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, we believe that the final outcome of such matters will not have a material adverse impact on our financial position or results of operations.
In the future we may subject to other lawsuits. Any litigation, even if not successful against us, could result in substantial costs and divert management’s attention and other resources away from our business operations.
This excerpt taken from the UTSI 10-K filed Apr 15, 2005. Other On August 19, 2004, the Company received a letter from the new management team of Hyundai Syscomm, Inc. (“HSI”) stating that they consider the Asset Purchase Agreement, dated as of February 26, 2004, among HSI, UTSI, Dr. Seong-Ik Jang and 3R Inc. (the “APA”), and the various ancillary agreements entered into in connection with the closing related to the APA on April 27, 2004, to be null and void due to unfulfillment of condition precedents and material breach of terms of such agreements. Such condition precedents and material breach of terms were not specified in such letter from HSI. In addition, HSI has made allegations and arguments before Korean governmental agencies and to the Korean press alleging that the technology that was purchased by the Company pursuant to the APA has been exported outside of Korea. The Company believes none of such technology has been exported by the Company from Korea to any foreign country. In addition, the Company believes that the Company has materially complied with all provisions of the APA and the ancillary agreements and HSI cannot void or nullify such agreements. The Company has taken, and will continue to take, appropriate legal actions to fully enforce its rights under the APA and the ancillary agreements. The Company is a party to other litigation matters and claims that are normal in the course of operations, and while the results of such litigation matters and claims cannot be predicted with certainty, the Company believes that the final outcome of such matters will not have a material adverse impact on its financial position or results of operations. | EXCERPTS ON THIS PAGE: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
