tory burch shoes UT Starcom 's foreign inhibition

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UT Starcom's foreign inhibition

High risk areas of private enterprises in the legal case of the 5

private enterprises when taken abroad, often very different experience with the domestic legal risk. For now the Chinese foreign-related behavior in the heavy head - finance and mergers and acquisitions, the more attention should be ahead of the legal regulation of foreign harsh, one has accidentally, heavy fines and lengthy court will pull into the abyss of business.

primer

UT Starcom in the eyes of many Americans,[link widoczny dla zalogowanych], it is a Chinese company; in the eyes of many Chinese, it is an American company.

it once broke Wall Street expectations for 17 consecutive quarters, but repeated delisting crisis.
It created the myth of China's telecommunications market, they must accept the harsh look at the U.S. capital markets.

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case in the United States, although the bright, highly sought after, but if the slightest mistake, it is possible to instantly fall in the bottom, trouble. UT Starcom frequent legal risk, strict management of the U.S. capital market is a microcosm.

, lower than originally expected, causing investors to panic, the day fell 29.31%.

2005 年 4 on 5, the same is due to delayed earnings report, UT Starcom, the Nasdaq stock exchange received notice of the possible danger of being delisted. And starting from April 7, UT Starcom stock code from the original four-letter Nasdaq regulations, failure to timely submit to the provisions of the U.S. Securities and Exchange Commission files a stock symbol will add the suffix

2006 年 3 月 20 日, UT Starcom again received a Nasdaq notice, said UT Starcom has not been submitted as of December 31, 2005 annual financial report,[link widoczny dla zalogowanych], in violation of the Rules UT Starcom unless under the

UT Starcom immediately said, will be April 30 to submit final financial results for 2005. And later, UT Starcom will be postponed to the June 1 date. It is an extension to the application submitted by the Nasdaq, said the report, the company decided to further delay in filing 10-K, is mainly due to: UT Starcom signed with an Indian customer contracts and other revenues from certain transactions be identified in advance, the Board of Directors Audit Committee has launched a special investigation, but the more time-consuming investigation process; In addition, the company needs more time to prepare consolidated results in 2005, and as of December 31, 2005 in assessment of internal controls of financial statements.

face class action

2004 年 11 17, based in California, a large law firm sued UT Starcom, accusing its April 16, 2003 to 2004 on August 21 period of time, dollars in revenue. projects, and revenue recognition criteria of their own lack of internal control; Nasdaq rules; the company of its revenue in the Japanese market is expected to overestimate the 2.9 billion U.S. dollars, resulting in fiscal year 2004 and 2005 is expected to be greatly exaggerated the financial.

a total of 22 of the indictment, UT Starcom in April 16, 2003 to August 21, 2004 declaration between the number of issued, information and announcements, and company executives speech on the media and related media reports, have been classified as

indictment specifically mentioned, August 10, 2004, UT Starcom the U.S. Securities and Exchange Commission to apply for extension of 5 days to declare the 2004 second quarter financial data. In this regard, UT Starcom explanation is in the process of self-censorship is found to have a value of $ 1,900,[link widoczny dla zalogowanych],000 in sales should not be entered in the second quarter. Therefore, the stock dropped sharply.

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