13D Filing on a Highly Cash Rich UTStarcom

UTStarcom has a market cap of $237 mm and an EV of negative $75 mm; Shah Capital owns 9%; We have not come across this Fund before – according to its last filing, the Fund disclosed $185 mm AUM and holdings consist of some value and mostly Chinese stocks. Item 4. Purpose of the Transaction The purpose of the acquisition of the shares of Common Stock by the reporting person is for investment purposes based on the belief that the Issuer is fundamentally strong and undervalued.


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