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<SEC-DOCUMENT>0000891836-04-000158.txt : 20040324
<SEC-HEADER>0000891836-04-000158.hdr.sgml : 20040324
<ACCEPTANCE-DATETIME>20040323200603
ACCESSION NUMBER:		0000891836-04-000158
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040324
GROUP MEMBERS:		MASAYOSHI SON
GROUP MEMBERS:		SOFTBANK CORP.
GROUP MEMBERS:		SOFTBANK HOLDINGS INC.

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SOFTBANK AMERICA INC
		CENTRAL INDEX KEY:			0001076468

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		300 DELAWARE AVENUE
		STREET 2:		SUITE 900
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801

	MAIL ADDRESS:	
		STREET 1:		300 DELAWARE AVENUE
		STREET 2:		SUITE 900
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UTSTARCOM INC
		CENTRAL INDEX KEY:			0001030471
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		IRS NUMBER:				521782500
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-60651
		FILM NUMBER:		04685943

	BUSINESS ADDRESS:	
		STREET 1:		1275 HARBOR BAY PARKWAY
		STREET 2:		STE 100
		CITY:			ALAMEDA
		STATE:			CA
		ZIP:			94502
		BUSINESS PHONE:		5108648800

	MAIL ADDRESS:	
		STREET 1:		1275 HARBOR BAY PARKWAY
		STREET 2:		STE 100
		CITY:			ALAMEDA
		STATE:			CA
		ZIP:			94502
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>sc0076.htm
<DESCRIPTION>SCHEDULE 13G, AMEND. 1
<TEXT>
 <HTML>
<HEAD>
<TITLE>
SCHEDULE 13G
</TITLE>
</HEAD>
<BODY>

<CENTER>
<B>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B><BR><BR>


<B>SCHEDULE 13G<BR>
<FONT SIZE=-1>Under the Securities Exchange Act of 1934<BR><BR>
(Amendment No. 1)*</FONT></B><BR><BR>

<B>UTStarcom, Inc.</B>
<HR SIZE=1 NOSHADE>
<FONT SIZE=-1>(Name of Issuer)</FONT><BR>
<BR><BR>


<B>Common Stock, par value $0.00125 per share</B>
<HR SIZE=1 NOSHADE>
<FONT SIZE=-1>(Title of Class of Securities)</FONT><BR>
<BR><BR>


<B>918076-10-0</B>
<HR WIDTH=50% SIZE=1 NOSHADE>
<FONT SIZE=-1>(CUSIP Number)</FONT><BR>
<BR><BR>


<B>December 31, 2003</B>
<HR WIDTH=50% SIZE=1 NOSHADE>
<FONT SIZE=-1>(Date of Event Which Requires Filing of this Statement)</FONT>
</CENTER>
<BR>

<P><FONT SIZE=-1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:</FONT>
</P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR>
     <TD WIDTH=5%> </TD>
     <TD WIDTH=5%><FONT SIZE=-1>[&nbsp;&nbsp;&nbsp;]<BR><BR>
                                [&nbsp;&nbsp;&nbsp;]<BR><BR>
                                [X]</FONT></TD>
     <TD WIDTH=90%><FONT SIZE=-1>Rule 13d-1(b)<BR><BR>
                                 Rule 13d-1(c)<BR><BR>
                                 Rule 13d-1(d)</FONT></TD>
</TR>
</TABLE>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=-1>*The remainder of this cover page shall be filled out for a reporting
person&#146;s initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.</FONT>
</P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT SIZE=-1>The information required on the remainder of this cover page shall not be
deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities
Exchange Act of 1934 (the &#147;Act&#148;) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).</FONT>
</P>

<P ALIGN=CENTER>
                               Page 1 of 13 Pages
</P>

<PAGE>
<BR>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=0 WIDTH=35%>
<TR>
<TD><HR NOSHADE></TD>
</TR>
<TR>
<TD><B>CUSIP No.</B>&nbsp;<U>&nbsp;&nbsp;<B>918076-10-0</B>&nbsp;&nbsp;</U></TD>
</TR>
<TR>
<TD><HR NOSHADE><BR></TD>
</TR>
</TABLE>


<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>1</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>NAMES OF REPORTING PERSONS<BR>
                   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</FONT><BR><BR>
                   <B>SOFTBANK Corp.</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>2</FONT></B> </TD>
     <TD WIDTH=85%><FONT SIZE=-1>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</FONT></TD>
     <TD WIDTH=10% ALIGN=RIGHT><B>(a)&nbsp;&nbsp;</B>[&nbsp;]<BR>
                                  <B>(b)</B>&nbsp;&nbsp;[&nbsp;]</TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>3</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>SEC USE ONLY</FONT><BR>
&nbsp;&nbsp;</TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>4</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>CITIZENSHIP OR PLACE OF ORGANIZATION</FONT><BR>
                   <B>Japan</B></TD>
</TR>
</TABLE>


<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER WIDTH=15% ROWSPAN=4>
<FONT SIZE=-1><B>NUMBER OF<BR>
SHARES<BR>
BENEFICIALLY<BR>
OWNED BY<BR>
EACH<BR>
REPORTING<BR>
PERSON<BR>
WITH:</B></FONT>
</TD>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>5</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SOLE VOTING POWER</FONT><BR>
                               <B>-0-</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>6</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SHARED VOTING POWER</FONT><BR>
                               <B>14,651,630</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>7</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SOLE DISPOSITIVE POWER</FONT><BR>
                               <B>-0-</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>8</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SHARED DISPOSITIVE POWER</FONT><BR>
                               <B>14,651,630</B></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>9</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</FONT><BR>
                   <B>14,651,630</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>10</FONT></B> </TD>
     <TD WIDTH=85%><FONT SIZE=-1>CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                   (SEE INSTRUCTIONS)</FONT></TD>
     <TD WIDTH=15% ALIGN=RIGHT>[&nbsp;] </TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>11</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</FONT><BR>
                   <B>12.5%</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>12</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</FONT><BR>
                   <B>HC, CO</B></TD>
</TR>
</TABLE>
<BR>

<P ALIGN=CENTER>
                               Page 2 of 13 Pages
</P>

<PAGE>
<BR>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=0 WIDTH=35%>
<TR>
<TD><HR NOSHADE></TD>
</TR>
<TR>
<TD><B>CUSIP No.</B>&nbsp;<U>&nbsp;&nbsp;<B>918076-10-0</B>&nbsp;&nbsp;</U></TD>
</TR>
<TR>
<TD><HR NOSHADE><BR></TD>
</TR>
</TABLE>


<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>1</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>NAMES OF REPORTING PERSONS<BR>
                   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</FONT><BR><BR>
                   <B>SOFTBANK America Inc.</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>2</FONT></B> </TD>
     <TD WIDTH=85%><FONT SIZE=-1>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</FONT></TD>
     <TD WIDTH=10% ALIGN=RIGHT><B>(a)&nbsp;&nbsp;</B>[&nbsp;]<BR>
                                  <B>(b)</B>&nbsp;&nbsp;[&nbsp;]</TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>3</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>SEC USE ONLY</FONT><BR>
&nbsp;&nbsp;</TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>4</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>CITIZENSHIP OR PLACE OF ORGANIZATION</FONT><BR>
                   <B>Delaware</B></TD>
</TR>
</TABLE>


<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER WIDTH=15% ROWSPAN=4>
<FONT SIZE=-1><B>NUMBER OF<BR>
SHARES<BR>
BENEFICIALLY<BR>
OWNED BY<BR>
EACH<BR>
REPORTING<BR>
PERSON<BR>
WITH:</B></FONT>
</TD>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>5</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SOLE VOTING POWER</FONT><BR>
                               <B>-0-</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>6</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SHARED VOTING POWER</FONT><BR>
                               <B>14,651,630</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>7</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SOLE DISPOSITIVE POWER</FONT><BR>
                               <B>-0-</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>8</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SHARED DISPOSITIVE POWER</FONT><BR>
                               <B>14,651,630</B></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>9</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</FONT><BR>
                   <B>14,651,630</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>10</FONT></B> </TD>
     <TD WIDTH=85%><FONT SIZE=-1>CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                   (SEE INSTRUCTIONS)</FONT></TD>
     <TD WIDTH=15% ALIGN=RIGHT>[&nbsp;] </TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>11</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</FONT><BR>
                   <B>12.5%</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>12</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</FONT><BR>
                   <B>HC, CO</B></TD>
</TR>
</TABLE>
<BR>

<P ALIGN=CENTER>
                               Page 3 of 13 Pages
</P>

<PAGE>
<BR>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=0 WIDTH=35%>
<TR>
<TD><HR NOSHADE></TD>
</TR>
<TR>
<TD><B>CUSIP No.</B>&nbsp;<U>&nbsp;&nbsp;<B>918076-10-0</B>&nbsp;&nbsp;</U></TD>
</TR>
<TR>
<TD><HR NOSHADE><BR></TD>
</TR>
</TABLE>


<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>1</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>NAMES OF REPORTING PERSONS<BR>
                   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</FONT><BR><BR>
                   <B>SOFTBANK Holdings Inc.</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>2</FONT></B> </TD>
     <TD WIDTH=85%><FONT SIZE=-1>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</FONT></TD>
     <TD WIDTH=10% ALIGN=RIGHT><B>(a)&nbsp;&nbsp;</B>[&nbsp;]<BR>
                                  <B>(b)</B>&nbsp;&nbsp;[&nbsp;]</TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>3</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>SEC USE ONLY</FONT><BR>
&nbsp;&nbsp;</TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>4</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>CITIZENSHIP OR PLACE OF ORGANIZATION</FONT><BR>
                   <B>Delaware</B></TD>
</TR>
</TABLE>


<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER WIDTH=15% ROWSPAN=4>
<FONT SIZE=-1><B>NUMBER OF<BR>
SHARES<BR>
BENEFICIALLY<BR>
OWNED BY<BR>
EACH<BR>
REPORTING<BR>
PERSON<BR>
WITH:</B></FONT>
</TD>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>5</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SOLE VOTING POWER</FONT><BR>
                               <B>-0-</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>6</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SHARED VOTING POWER</FONT><BR>
                               <B>14,651,630</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>7</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SOLE DISPOSITIVE POWER</FONT><BR>
                               <B>-0-</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>8</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SHARED DISPOSITIVE POWER</FONT><BR>
                               <B>14,651,630</B></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>9</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</FONT><BR>
                   <B>14,651,630</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>10</FONT></B> </TD>
     <TD WIDTH=85%><FONT SIZE=-1>CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                   (SEE INSTRUCTIONS)</FONT></TD>
     <TD WIDTH=15% ALIGN=RIGHT>[&nbsp;] </TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>11</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</FONT><BR>
                   <B>12.5%</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>12</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</FONT><BR>
                   <B>HC, CO</B></TD>
</TR>
</TABLE>
<BR>

<P ALIGN=CENTER>
                               Page 4 of 13 Pages
</P>

<PAGE>
<BR>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=0 WIDTH=35%>
<TR>
<TD><HR NOSHADE></TD>
</TR>
<TR>
<TD><B>CUSIP No.</B>&nbsp;<U>&nbsp;&nbsp;<B>918076-10-0</B>&nbsp;&nbsp;</U></TD>
</TR>
<TR>
<TD><HR NOSHADE><BR></TD>
</TR>
</TABLE>


<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>1</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>NAMES OF REPORTING PERSONS<BR>
                   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</FONT><BR><BR>
                   <B>Masayoshi Son</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>2</FONT></B> </TD>
     <TD WIDTH=85%><FONT SIZE=-1>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)</FONT></TD>
     <TD WIDTH=10% ALIGN=RIGHT><B>(a)&nbsp;&nbsp;</B>[&nbsp;]<BR>
                                  <B>(b)</B>&nbsp;&nbsp;[&nbsp;]</TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>3</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>SEC USE ONLY</FONT><BR>
&nbsp;&nbsp;</TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>4</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>CITIZENSHIP OR PLACE OF ORGANIZATION</FONT><BR>
                   <B>Japan</B></TD>
</TR>
</TABLE>


<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR>
     <TD ALIGN=CENTER WIDTH=15% ROWSPAN=4>
<FONT SIZE=-1><B>NUMBER OF<BR>
SHARES<BR>
BENEFICIALLY<BR>
OWNED BY<BR>
EACH<BR>
REPORTING<BR>
PERSON<BR>
WITH:</B></FONT>
</TD>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>5</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SOLE VOTING POWER</FONT><BR>
                               <B>50,000</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>6</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SHARED VOTING POWER</FONT><BR>
                               <B>14,651,630</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>7</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SOLE DISPOSITIVE POWER</FONT><BR>
                               <B>50,000</B></TD>
</TR>
<TR>
     <TD WIDTH=5% VALIGN=TOP ALIGN=CENTER><B><FONT SIZE=+2>8</FONT></B></TD>
     <TD  WIDTH=80% VALIGN=TOP><FONT SIZE=-1>SHARED DISPOSITIVE POWER</FONT><BR>
                               <B>14,651,630</B></TD>
</TR>
</TABLE>

<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>9</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</FONT><BR>
                   <B>14,701,630</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>10</FONT></B> </TD>
     <TD WIDTH=85%><FONT SIZE=-1>CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                   (SEE INSTRUCTIONS)</FONT></TD>
     <TD WIDTH=15% ALIGN=RIGHT>[&nbsp;] </TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>11</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</FONT><BR>
                   <B>12.6%</B></TD>
</TR>
</TABLE>
<TABLE CELLPADDING=5 CELLSPACING=0 BORDER=1 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5% ALIGN=CENTER><B><FONT SIZE=+2>12</FONT></B></TD>
     <TD WIDTH=95%><FONT SIZE=-1>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</FONT><BR>
                   <B>IN</B></TD>
</TR>
</TABLE>

<P ALIGN=CENTER>
                               Page 5 of 13 Pages
</P>

<PAGE>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 1(a)</B></FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Name of Issuer: </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=12><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
UTStarcom,
Inc. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 1(b)</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Address
of Issuer's Principal Executive Offices: </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
1275
Harbor Bay Parkway<BR>Alameda, California 94502 </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 2(a)</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Name
of Person Filing: </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
SOFTBANK
Corp. (&#147;SOFTBANK&#148;)<BR>SOFTBANK America Inc. (&#147;SB America&#148;)<BR>SOFTBANK
Holdings Inc. (&#147;SBH&#148;)<BR>Masayoshi Son (&#147;Mr. Son&#148;) </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 2(b)</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Address
of Principal Business Office or, if none, Residence: </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
For SB America and SBH:<BR>
300 Delaware Avenue, Suite 1226<BR>
Wilmington, DE 19801</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
For SOFTBANK and Mr. Son:<BR>
24-1, Nihonbashi &#150; Hakozakicho<BR>
Chuo-ku, Tokyo 103, Japan </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 2(c)</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Citizenship: </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
For SB America and SBH: Delaware<BR>
For SOFTBANK and Mr. Son: Japan </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 2(d)</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Title
of Class of Securities:  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Common
Stock, par value $0.00125 per share  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 2(e)</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>CUSIP
Number: </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
918076-10-0 </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 3.</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>If this
statement is filed pursuant to &sect;&sect;240.13d-1(b) or (c), check whether the
person filing is a: N/A </FONT></TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(a) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o). </FONT></TD>
</TR>
</TABLE>
<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Page 6 of 13 Pages </FONT></P>


<PAGE>



<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(b) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(c) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(d) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Investment
company registered under section 8 of the Investment Company Act           of 1940 (15
U.S.C. 80a-8).  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(e) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>An
investment adviser in accordance with &sect;240.13d-1(b)(1)(ii)(E);  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(f) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>An
employee benefit plan or endowment fund in accordance with<BR>&sect;240.13d-1(b)(1)(ii)(F);</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(g) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>A
parent holding company or control person in accordance with<BR>&sect;240.13d-1(b)(1)(ii)(G); </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(h) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>A
savings association as defined in Section 3(b) of the Federal Deposit Insurance
Act (12 U.S.C. 1813); </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(i) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>A
church plan that is excluded from the definition of an investment company under<BR>
section&nbsp;3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(j) [_]  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Group,
in accordance with &sect;240.13d-1(b)(1)(ii)(J).  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 4.</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Ownership. </FONT></TD>
</TR>
</TABLE>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SB
America is a wholly-owned subsidiary of SBH; accordingly, securities owned by SB America
may be regarded as being beneficially owned by SBH. SBH is a wholly-owned subsidiary of
SOFTBANK; accordingly, securities owned by SBH may be regarded as being beneficially owned
by SOFTBANK. Mr. Son is the President and Chief Executive Officer of SOFTBANK and owns a
substantial equity interest in SOFTBANK; accordingly, securities owned by SOFTBANK may be
regarded as being beneficially owned by Mr. Son. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
percentage of outstanding Common Stock of UTStarcom, Inc. (the &#147;Company&#148;)
reported herein as beneficially owned by SB America, SBH, SOFTBANK and Mr. Son is based
upon 117,110,056 shares of Common Stock reported by the Company as outstanding at February
29, 2004 in the Form 10-K filed by the Company on March 9, 2004 for the fiscal year ended
December 31, 2003. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of the date of the filing of this statement, SB America beneficially owns, and SBH,
SOFTBANK and Mr.&nbsp;Son may be deemed to beneficially own through SB America, a total of
14,651,630 shares of Common Stock, or 12.5% of the outstanding Common Stock. Mr.&nbsp;Son,
who is a director of the Company, holds options to purchase 50,000 shares of </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Page 7 of 13 Pages </FONT></P>


<PAGE>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Common Stock, which options are
exercisable within 60 days of the date hereof, and accordingly may be deemed to be a
beneficial owner of a total of 14,701,630 shares of Common Stock, or 12.6% of the
outstanding Common Stock. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of SB America, SBH, SOFTBANK and Mr. Son disclaims beneficial ownership of shares of
Common Stock owned by any other person or entity except to the extent of their respective
pecuniary interests, if any, therein. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(a)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Amount
beneficially owned:  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
SB
America, SBH and SOFTBANK: 14,651,630 shares<BR>Mr. Son: 14,701,630 shares  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(b)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Percent
of class:  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
SB
America, SBH, SOFTBANK: 12.5%<BR>Mr. Son: 12.6% </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(c)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Number
of shares as to which the person has:  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(i)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Sole
power to vote or to direct the vote:  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
SB
America, SBH and SOFTBANK: None<BR>Mr. Son: 50,000 shares </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(ii)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Shared
power to vote or to direct the vote:  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
SB
America, SBH, SOFTBANK and Mr. Son: 14,651,630 shares  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(iii)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Sole
power to dispose or to direct the disposition of:  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
SB
America, SBH and SOFTBANK: None<BR>Mr. Son: 50,000 shares </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(iv)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Shared
power to dispose or to direct the disposition of:  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
SB
America, SBH, SOFTBANK and Mr. Son:  14,651,630 shares </FONT></TD>
</TR>
</TABLE>
<BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 5.</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Ownership
of Five Percent or Less of a Class </FONT></TD>
</TR>
</TABLE>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
this statement is being filed to report the fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of more than five percent of the class of
securities, check the following [__].</FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Page 8 of 13 Pages </FONT></P>


<PAGE>



<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 6.</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Ownership
of More than Five Percent on Behalf of Another Person. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
N/A </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 7.</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Identification
and Classification of the Subsidiary Which Acquired the                   Security Being
Reported on By the Parent Holding Company or Control                   Person. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
N/A </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 8.</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Identification
and Classification of Members of the Group. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
N/A </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 9.</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Notice
of Dissolution of Group. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
N/A </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>Item 10.</B> </FONT> </TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Certification. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=11%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=89%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
N/A </FONT></TD>
</TR>
</TABLE>
<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Page 9 of 13 Pages </FONT></P>


<PAGE>



<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After
reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct. </FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>March 23, 2004 </FONT></P>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=90%>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=3>
SOFTBANK CORP.<BR>
MASAYOSHI SON<BR><BR> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>By: </TD>
     <TD COLSPAN=2>/s/&nbsp;Steven J. Murray</TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>&nbsp;&nbsp; </TD>
     <TD COLSPAN=2><hr noshade size=1> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%> &nbsp;&nbsp;</TD>
     <TD WIDTH=8%>
Name:<BR>
Title:
</TD>
     <TD WIDTH=37%>
Steven J. Murray<BR>
Attorney-in-Fact for SOFTBANK<BR>CORP. and MASAYOSHI SON
</TD>
</TR>
</TABLE>
<BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=90%>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=3>
SOFTBANK AMERICA INC.<BR>
SOFTBANK HOLDINGS INC.
<BR>
<BR> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>By: </TD>
     <TD COLSPAN=2>/s/&nbsp;Francis B. Jacobs II</TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>&nbsp;&nbsp; </TD>
     <TD COLSPAN=2><hr noshade size=1> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%> &nbsp;&nbsp;</TD>
     <TD WIDTH=8%>
Name:<BR>
Title:
</TD>
     <TD WIDTH=37%>
Francis B. Jacobs II<BR>
Vice President of<BR>
SOFTBANK AMERICA INC. and<BR>
SOFTBANK HOLDINGS INC.
</TD>
</TR>
</TABLE>
<BR><BR>





<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Page 10 of 13 Pages </FONT></P>


<PAGE>



<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>EXHIBIT A</B> </FONT> </P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>POWER OF ATTORNEY </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
ALL MEN BY THESE PRESENTS, that Masayoshi Son and SOFTBANK Corp. (each a
&#147;Grantor&#148;) have each made, constituted and appointed, and by these presents does
each make, constitute and appoint, each of Ronald D. Fisher and Steven J. Murray (each an
&#147;Attorney&#148;), the true and lawful agent and attorney-in-fact, with full power of
substitution and resubstitution, of each Grantor, for and in such Grantor&#146;s name,
place and stead, in any and all capacities, to do all or any of the following acts,
matters and things: </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>1.  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>To
sign on behalf of such Grantor statements on Form 3, Form 4 and Form 5, or
amendments thereto (together &#147;Section 16 Reports&#148;), filed pursuant to
Section 16(a) of the Securities Exchange Act of 1934 (the &#147;Exchange
Act&#148;). </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>2.  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>To sign on
behalf of such Grantor statements on Schedule 13D or 13G, or amendments thereto,
filed pursuant to Section 13(d) of the Exchange Act. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>3.  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>To sign on
behalf of such Grantor statements on Form 144, or amendments thereto, filed
pursuant to Rule 144 under the Securities Act of 1933. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>To do all such
other acts and things as, in such Attorney&#146;s discretion, he deems
appropriate or desirable for the purpose of filing such Section 16 Reports,
statements on Schedule 13D or 13G, statements on Form 144, or amendments
thereto. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>5.  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>To appoint in
writing one or more substitutes who shall have the power to act on behalf of
such Grantor as if that substitute or those substitutes shall have been
originally appointed Attorney(s) by this Power of Attorney and/or to revoke any
such appointment at any time without assigning any reason therefor. </FONT></TD>
</TR>
</TABLE>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Grantor hereby ratifies and confirms all that said agents and attorneys-in-fact or any
substitute or substitutes may lawfully do or cause to be done by virtue hereof. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Page 11 of 13 Pages </FONT></P>


<PAGE>



<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, each Grantor duly assents to this Power of Attorney by his signature as
of the 20th day of December 2002. </FONT></P>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=90%>
<TR valign=top>
     <TD WIDTH=60%>&nbsp;</TD>
     <TD WIDTH=40%>
MASAYOSHI SON<BR><BR><BR></TD>
</TR>
<TR valign=top>
     <TD>&nbsp;&nbsp; </TD>
     <TD>/s/&nbsp;Masayoshi Son</TD>
</TR>
<TR valign=top>
     <TD>&nbsp;&nbsp; </TD>
     <TD><hr noshade size=1> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=50%>Masayoshi Son</TD></TR>
</TABLE>
<BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=90%>
<TR valign=top>
     <TD WIDTH=60%>&nbsp;</TD>
     <TD WIDTH=40%>
SOFTBANK CORP.<BR><BR><BR></TD>
</TR>
<TR valign=top>
     <TD>&nbsp;&nbsp; </TD>
     <TD>/s/&nbsp;Masayoshi Son</TD>
</TR>
<TR valign=top>
     <TD>&nbsp;&nbsp; </TD>
     <TD><hr noshade size=1> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=50%>Masayoshi Son, President and CEO</TD></TR>
</TABLE>
<BR><BR>




<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Page 12 of 13 Pages </FONT></P>


<PAGE>



<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>EXHIBIT B</B> </FONT> </P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>AGREEMENT OF JOINT
FILING</B> </FONT> </P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the
undersigned hereby agree to the joint filing on behalf of each of them of a Statement on
Schedule 13G, and any amendments thereto, with respect to the Common Stock, par value
$0.00125 per share, of UTStarcom, Inc. and that such agreement be included as an exhibit
to such filing. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement may be executed in any number of counterparts each of which shall be deemed to
be an original and all of which together shall be deemed to constitute one and the same
instrument. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, each of the undersigned has executed this agreement as of September 3,
2002. </FONT></P>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=90%>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=3>
SOFTBANK CORP.<BR><BR> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>By: </TD>
     <TD COLSPAN=2>/s/&nbsp;Stephen A. Grant</TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>&nbsp;&nbsp; </TD>
     <TD COLSPAN=2><hr noshade size=1> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%> &nbsp;&nbsp;</TD>
     <TD WIDTH=8%>
Name:<BR>
Title:
</TD>
     <TD WIDTH=37%>
Stephen A. Grant<BR>
Attorney-in-Fact
</TD>
</TR>
</TABLE>
<BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=90%>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=3>
SOFTBANK America Inc.<BR>
<BR> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>By: </TD>
     <TD COLSPAN=2>/s/&nbsp;Stephen A. Grant</TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>&nbsp;&nbsp; </TD>
     <TD COLSPAN=2><hr noshade size=1> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%> &nbsp;&nbsp;</TD>
     <TD WIDTH=8%>
Name:<BR>
Title:
</TD>
     <TD WIDTH=37%>
Stephen A. Grant<BR>
Attorney-in-Fact
</TD>
</TR>
</TABLE>
<BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=90%>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=3>
SOFTBANK Holdings Inc.<BR><BR> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>By: </TD>
     <TD COLSPAN=2>/s/&nbsp;Stephen A. Grant</TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>&nbsp;&nbsp; </TD>
     <TD COLSPAN=2><hr noshade size=1> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%> &nbsp;&nbsp;</TD>
     <TD WIDTH=8%>
Name:<BR>
Title:
</TD>
     <TD WIDTH=37%>
Stephen A. Grant<BR>
Attorney-in-Fact
</TD>
</TR>
</TABLE>
<BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 width=90%>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD COLSPAN=3>
Masayoshi Son <BR><BR> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>By: </TD>
     <TD COLSPAN=2>/s/&nbsp;Stephen A. Grant</TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%>&nbsp;&nbsp; </TD>
     <TD COLSPAN=2><hr noshade size=1> </TD>
</TR>
<TR valign=top>
     <TD WIDTH=50%>&nbsp;&nbsp; </TD>
     <TD WIDTH=5%> &nbsp;&nbsp;</TD>
     <TD WIDTH=8%>
Name:<BR>
Title:
</TD>
     <TD WIDTH=37%>
Stephen A. Grant<BR>
Attorney-in-Fact
</TD>
</TR>
</TABLE>
<BR><BR>


<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Page 13 of 13 Pages </FONT></P>


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