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BUSINESS
March 5, 2003 | From Reuters
3Com Corp. said it has agreed to sell its telecommunications equipment business to UTStarcom Inc. for $100 million in cash and would focus on making equipment for corporate and institutional networks. Santa Clara, Calif.-based 3Com said the deal would free it to go after more complex and higher-margin deals. UTStarcom President and Chief Executive Hong Lu said the CommWorks acquisition would place the company in new markets outside China.
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BUSINESS
January 5, 2007 | From Bloomberg News
Broadcom Corp. of Irvine was among a handful of California companies that raised the exercise prices of some executives' stock options Thursday to avoid tax penalties. Broadcom, along with Marvell Technology Group, VeriSign Inc. and UTStarcom Inc., increased the exercise prices to make them equal the market value of shares on the dates options were granted, the companies said in regulatory filings.
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BUSINESS
January 5, 2007 | From Bloomberg News
Broadcom Corp. of Irvine was among a handful of California companies that raised the exercise prices of some executives' stock options Thursday to avoid tax penalties. Broadcom, along with Marvell Technology Group, VeriSign Inc. and UTStarcom Inc., increased the exercise prices to make them equal the market value of shares on the dates options were granted, the companies said in regulatory filings.
BUSINESS
March 5, 2003 | From Reuters
3Com Corp. said it has agreed to sell its telecommunications equipment business to UTStarcom Inc. for $100 million in cash and would focus on making equipment for corporate and institutional networks. Santa Clara, Calif.-based 3Com said the deal would free it to go after more complex and higher-margin deals. UTStarcom President and Chief Executive Hong Lu said the CommWorks acquisition would place the company in new markets outside China.
BUSINESS
December 22, 2002 | James Flanigan
An ancient Chinese proverb begins with the observation that "a horse cannot gain weight if not fed with extra fodder during the night." In that same spirit, China's economy is putting on the pounds, importing huge amounts of material from around the globe as it tries to make the transition from socialism to capitalism -- all while still being ruled by the Communist Party. The rise of China as an exporter is, of course, well established.
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