UT Starcom on NASDAQ delisting industry said years of losses is the main reason

Yesterday morning, has not submitted to the NASDAQ last year earnings UT Sidakang flashed a yellow card, if not before the March 29th annual report published in 2005, will be delisted. UT Sidakang headquarters official said, the market is unlikely to be delisted." Security experts said, UT Starcom so attention and they have been a loss of performance are not unrelated, will be delisted as early as March 29th have the desired outcome.

AP yesterday morning, UT Sidakang disclosed the contents of the notice from the Nasdaq, because it has not submitted to the financial report, in violation of the Nasdaq stock market "market rules", unless UT Sidakang demanding hearings, or according to the regulations, the company will be delisted from the Nasdaq stock in March 29, 2006. In the afternoon, UT Sidakang headquarters Market Investor Relations Manager Zhang Chun said, pending hearings, the deadline originally in March 29th May backward, not to see the result of the hearing the delisting, before will not be delisted, and the possibility of not being delisted.

According to the AP UT fourth quarter results, quarter net loss of $20 million 600 thousand, a loss of 17 cents per share. However, this performance exceeded expectations, prior to this, there is peer UT Starcom fourth quarter loss of 52 cents per share, net sales of $661 million.

According to the understanding of the brand, as early as July 19, 2001, the company had a NetEase for the same reason received notice of suspension. After the hearing on September 4th, NASDAQ announced the suspension of NetEase transactions. NetEase's closing price of $0.6492. From listing to suspension, NetEase shares fell 96%. Insiders said, from the beginning of last year, the financial statements of the internal assessment program, so many businesses involved in a wide range of enterprises have encountered the problem of the delay of the annual report. It is reported that there are about 50 Kano listed companies have held hearings, and passed the hearing request, which also includes UT sidakang.

Which was in fact the delisting hearing is not the first time, years of losses is the main reason of being delisted." The anonymity of the domestic well-known securities analysts said, although there is no domestic business accept city business of securities companies, but UT Sidakang so attention and they have been a loss of performance are not unrelated. In accordance with the law of the domestic stock market, in the timely release of corporate earnings in listed companies, there are 99% consecutive years of losses of enterprises.

Which was a financial analyst said in the earnings report, UT not only needs to explain why investors last year failures, but also allow investors to see their future income in the hope that this is a challenge. "UT has been fully prepared for 3G and IPTV." Yesterday evening, UT a person once again stressed to reporters, we will not repeat the story of the past.