-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 U1jFFlk5yIvzJQGTU1aQUhKem8JIgHwWK5wsPXiRoY7w/G6hzw2sydeeKhAKTrok
 /bToWtbeYq6ffgBfQSzz1w==

<SEC-DOCUMENT>0001104659-04-033088.txt : 20041102
<SEC-HEADER>0001104659-04-033088.hdr.sgml : 20041102
<ACCEPTANCE-DATETIME>20041102164229
ACCESSION NUMBER:		0001104659-04-033088
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20041029
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041102
DATE AS OF CHANGE:		20041102

FILER:

	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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29661
		FILM NUMBER:		041113830

	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>8-K
<SEQUENCE>1
<FILENAME>a04-12490_18k.htm
<DESCRIPTION>8-K
<TEXT>
<html>

<head>





</head>

<body lang="EN-US" link="blue" vlink="purple">

<div>

<div style="border:none;border-top:double windowtext 9.0pt;padding:0in 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></b></div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM 8-K</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT REPORT</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Date
of Report (Date of earliest event reported): </font><b><font style="font-weight:bold;">October 29,
2004</font></b></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UTSTARCOM, INC.<br>
</font></b>(Exact name of registrant as specified in its charter)</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.78%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">000-29661</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.9%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">52-1782500</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.16%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other
  jurisdiction of<br>
  incorporation)</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.78%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File
  Number)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.9%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer
  Identification No.)</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.16%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.38%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.78%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.9%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1275
  Harbor Bay Parkway<br>
  Alameda, California 94502</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal
  executive offices)&nbsp;&nbsp;(Zip code)</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(510)
  864-8800</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s telephone
  number, including area code)</font></p>
  </td>
 </tr>
 <tr>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.38%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="29%" valign="top" style="padding:0in 0in 0in 0in;width:29.9%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">N/A</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or former
  address, if changed since last report.)</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160; Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>

<div style="border:none;border-bottom:double windowtext 9.0pt;padding:0in 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>


<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\kyang\04-12490-1\task210722\12490-1-ba.htm',USER='kyangb',CD='Nov  2 15:13 2004' -->
<br clear="all" style="page-break-before:always;">


<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item&nbsp;1.01 Entry into a Material
Definitive Agreement.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On October 29, 2004, UTStarcom CDMA Technologies Korea Limited, a
limited liability company organized under the laws of Korea and wholly owned
subsidiary of UTStarcom, Inc. (&#147;Purchaser&#148;), entered into an Asset Purchase
Agreement with Giga Telecom, Inc. (&#147;Seller&#148;), a Korean corporation that
develops and manufactures wireless handsets (the &#147;Transaction&#148;).&#160; Pursuant to the Asset Purchase Agreement and
related ancillary agreements, Purchaser will pay $18.6 million for certain
assets relating to the research and development of CDMA wireless products, of
which $13 million will be paid in cash at closing, $1.6 million that has been
paid by Purchaser to Seller pursuant to a separate arrangement in respect of
certain services rendered by Seller relating to the design of wireless handsets
for Purchaser will be applied against the purchase price and $4 million will be
paid in three separate installments tied to certain product design and
production milestones.&#160; The closing of
the Transaction is subject to consent to the Transaction by creditors holding
not less than 80% of Seller&#146;s aggregate debt (including all debt held by
certain financial institutions) and other customary closing conditions,
including approvals and/or clearances from applicable governmental agencies
(including with respect to transferring outside the country assets acquired in
the Transaction) and certain other material consents and approvals of the
Transaction.&#160; The Transaction is
scheduled to close in January of 2005.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item&nbsp;8.01 Other Events.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On November 1, 2004, UTStarcom, Inc. issued a press release entitled &#147;UTStarcom
Completes Acquisition of Selected Assets of Audiovox Communications Corporation.&#148;&#160; A copy of the press release is furnished as
Exhibit 99.1 to this report.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01 Financial Statements and
Exhibits.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c) Exhibits</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1 Press release entitled &#147;UTStarcom Completes Acquisition of
Selected Assets of Audiovox Communications Corporation,&#148; dated November 1,
2004.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>


<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\kyang\04-12490-1\task210722\12490-1-ba.htm',USER='kyangb',CD='Nov  2 15:13 2004' -->
<br clear="all" style="page-break-before:always;">


<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:47.92%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UTSTARCOM, INC.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:41.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="41%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:41.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: November 2, 2004</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="16%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:16.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Michael J. Sophie</font></p>
  </td>
  <td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="41%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:41.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Michael J. Sophie</font></p>
  </td>
 </tr>
 <tr>
  <td width="52%" valign="top" style="padding:0in 0in 0in 0in;width:52.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="41%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:41.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President of Finance and<br>
  Chief Financial Officer</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\kyang\04-12490-1\task210722\12490-1-ba.htm',USER='kyangb',CD='Nov  2 15:13 2004' -->


</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a04-12490_1ex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html>

<head>





</head>

<body lang="EN-US" link="blue" vlink="purple">

<div style="font-family:Times New Roman;">

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit
99.1</font></b></p>

<p align="right" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:right;"><b><font style="font-weight:bold;">&nbsp;</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman"><img width="129" height="50" src="g124901mmimage002.gif"></font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UTSTARCOM COMPLETES ACQUISITION OF SELECTED ASSETS OF<br>
AUDIOVOX COMMUNICATIONS CORPORATION</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">UTStarcom Expects More Than $250 Million in
Revenue from Acquisition in Q4 2004</font></i></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ALAMEDA,
Calif., November 1, 2004 &#151; UTStarcom, Inc. (Nasdaq: UTSI), a global leader in
IP access networking and services, today announced that it has completed the
acquisition of selected assets of Audiovox Communications Corporation (ACC),
the wireless handset division of Audiovox Corporation (Nasdaq: VOXX).</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Audiovox is an
integral part of our strategy to become a full-solutions provider of wireless
telecommunication equipment worldwide,&#148; said Hong Lu, president and chief
executive officer of UTStarcom. &#147;The Audiovox acquisition provides us with a
market-proven CDMA handset brand, a tremendous sales, service, and support
platform and existing customer relationships with top-tier carriers in both
North and South America, all of which makes UTStarcom well-positioned for entry
into the global CDMA market.&#148;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;In
addition, we plan to retain and expand all existing Audiovox supplier
relationships, as well as introduce our own complementary CDMA handset designs
into the Audiovox sales channel,&#148; Lu continued. &#147;I believe that we will be able
to leverage the operating efficiencies and cost advantages of our existing,
high-volume PAS handset manufacturing in China to drive revenues and
profitability for our new handsets.&#148;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under
the terms of the agreement, UTStarcom now owns select assets and liabilities of
ACC and has taken on ACC&#146;s workforce of approximately 250 employees. The
purchase price for such assets and liabilities was approximately $165.1
million.</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Teams
from both companies have been working very hard on integration roadmaps for a
smooth assimilation of Audiovox into the UTStarcom family,&#148; said Philip
Christopher, former chief executive officer of ACC and the new president and
chief executive officer of UTStarcom Personal Communications</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom
Inc.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1275
Harbor Bay Parkway</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alameda,
CA&#160; 94502</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\kthiyag\04-12490-1\task210315\12490-1-mm.htm',USER='kkthiyagarajan',CD='Nov  2 22:25 2004' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">LLC
based in Hauppauge, New York. &#147;Our objective is to maintain and expand present
supply agreements and complement our product line with low cost handsets to be
manufactured in China.&#160; Executives from
major US carriers have already visited UTStarcom&#146;s manufacturing operations in
China and have been very pleased with what they observed.&#148;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<h2 style="margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audiovox Expands UTStarcom&#146;s Global Carrier
Customer Base</font></b></h2>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Leveraging
carrier relationships that span more than 20 years, Audiovox has become a
leading wireless handset provider to Tier 1 operators in the US, Canada, and
South America, including Verizon Wireless, Sprint PCS, ALLTEL, US Cellular,
Bell Mobility, Telus, BellSouth International, Telefonica, Virgin Mobile,
MetroPCS, and others. ACC is the only handset provider to sell to every CDMA carrier
in North America, and one of the largest CDMA handset providers in Canada. By
combining ACC&#146;s channel assets with UTStarcom&#146;s existing high-volume handset
infrastructure, the company can realize significant economies of scale from
manufacturing, component sourcing, and development, for increased
profitability.</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Another
key asset of the acquisition is ACC&#146;s post-sales service and support
infrastructure. With facilities in New York, California, and Canada, the
service and support infrastructure provides responsive, turnkey customer
service tailored to the needs of the most demanding CDMA operators.</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About UTStarcom, Inc.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom is a global leader in
IP access networking solutions and international service and support.&#160; The company sells its wireline, wireless,
optical and switching solutions to operators in both fast growth and
established telecommunications markets around the world.&#160; UTStarcom enables its customers to rapidly
deploy revenue-generating access services using their existing infrastructure,
while providing a migration path to cost-efficient end-to-end IP networks.
Founded in 1991 and headquartered in Alameda, California, the company has
research and design operations in New Jersey, China, and India. UTStarcom is a
FORTUNE 1000 company.</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For more information about UTStarcom, visit the company&#146;s Web site at
www.utstar.com.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\kthiyag\04-12490-1\task210315\12490-1-mm.htm',USER='kkthiyagarajan',CD='Nov  2 22:25 2004' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<h2 style="margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forward-Looking
Statements</font></b></h2>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
foregoing statements regarding, without limitation, the anticipated benefits of
the purchase of assets from Audiovox, the anticipated ability to leverage
operating efficiencies and cost advantages of the Company&#146;s existing PAS
handset manufacturing in China to drive revenues and profitability, anticipated
regulatory approvals for new handset models, and the anticipated ability to
realize significant economies of scale are forward-looking in nature and
subject to the risks and uncertainties that may cause actual results to differ
materially. These factors include rapidly changing technology, the changing
nature of telecommunications, cancellations of key partnerships and alliances,
changing governmental regulatory requirements, the direction of future research
and development efforts, evolving product and applications standards, general
demand for and acceptance of the Company&#146;s products, and other uncertainties.
The Company also refers readers to the risk factors identified in its Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form
8-K, as filed with the Securities and Exchange Commission.</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<h2 style="margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Company Contact</font></b></h2>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chesha
Kamieniecki</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior
Manager of Investor Relations</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">UTStarcom,
Inc.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(510)
749-1560</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<h2 style="margin:0in 0in .0001pt;page-break-after:auto;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Press Contact</font></b></h2>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stephanie
Gallagher</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Engage
PR</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(510)
748-8200, x213</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">stephanie@engagepr.com</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;">&nbsp;</p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\kthiyag\04-12490-1\task210315\12490-1-mm.htm',USER='kkthiyagarajan',CD='Nov  2 22:25 2004' -->


</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g124901mmimage002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g124901mmimage002.gif
M1TE&.#=A@0`R`'<``"'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"P`
M````@0`R`(=>.YIB0)UD0YYF19]E1)]G1I]W6JIU5ZE\7ZUY7*MI2J)Q5*=S
M5*=G1J!M3:1T5J=S5:AN3Z1P4:9K2Z-I2*%T5JAJ2:%Q4J9M3J1I2:%U5ZAV
M6*EK3:1J2:)R4Z=O4*5P4:5H1Z!O4*9T5:AE1:!X6JIN3Z-L3*-N3:-R4ZAY
M7*QP4J9[7ZY[7JQW6:EK2J)Y6JQF1:!K3*-N3:1L3J-[7:QV5JEU6:9S5JA]
M:I]_9*]^8:Y^8J]]8:Y_9+![8*U\8*UZ9*&="\R&=Y^`9;"`9*^#:+*,=+B%
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M__\!`@,!`@,!`@,(_P"%"!Q(L*#!@P@3*ES(L*'#AQ`C2IQ(L:+%BQ@S:MRH
M$9NI.'SZR#&%36`V/W-"QMF%K=(?/C!CR@042-O`;98$^>'&L:=/(=W6&-!!
MY,`E?@*]%4&@H\@!:-^,[-!!M:K5'4>Z"00W!TF")&S"_1R+49R"!0P8-."%
M5$BOLPP6.!C'3<$#"&GSQH4`(<(@I.06*%"00,($'N4(\FM+MO%"7Q0J5%BP
MP)Q`?I@L2(Z@Y-RI`(,O2!X]6($`5$*PS3G["QTA#`JB74Z72ISCVPCY6<J@
MX8`")3:%G%NBX("&#)FPJ:)3J`^2!:,?,.E3*`Y/<QH4U$&Z:T($=0*!3?]0
M$!RW>8'KFBBHX-M022'H-D#/_HL?MG7KL&6*(/E`@G3WK8,4+Q9P@(M`JU#`
MPS9"\*-$`)DP=AYNZ:!5`00*L#)0.!U(Y@$&[!"$#1L?2`8"$Q+RHPD%$H2(
MS1\AK($--NQLH$`KV""%33O2A%->@]W<)X0VTIS38#K31//CD=%`P\U[EV'C
MSHS<L//>.^3`(V%%TG2@P6010'/9*@I\J0`2/Z+3@V@'.&!)0=@<8D$"V0@Q
M3@(!6(*-'.L](((/V'PSB`(#*#`"6P*-XT0$NT`C@@C9\*/*!P.$L$!]Z&T2
M`0D$*/!$/&V)4T0)EB`R&!+B4".8":Y@Q`\G95;_($(1Z`B$32(G?(E"(5`*
M`<T'\TU034'GM$'8.T+(@X03ULP#10KL;5`)-IN0L,$<1BB@PC@"J6.H)0H`
M$`4VT)!PP1I*G)!`8OP$0\`*@"ABHQ3K""3,60OL0)D'++3@P@(2.($1-DR`
M\"4&,@K430(7'%#!"Z=(N,H)DD$@06(BVC'!`L,(L8XVVLQHSA$*T$'/.=HL
MD`$GV.PRF&7\N!("#$Z@0@PTV,310!S?A'."`O*DI@0)?LRHR@L?L*N)`BG\
M,DXK"WR`1#WPL"&"P!=I<P`$DBF`R4!U2298,2+VL=X!$DC1:X.64"#"%&N_
M`P4)KPAT30<*A`A-`QO4_XH-(!M#@Q0_XSQ``3!"<&/!!I9MHX`%8@FQ2PP5
MV+1.'0+0@90]("A@C$"JA$`%1N$X4#$&QPP43*PK_``/0=HHP9\&+VRR9>(@
M=/Y+0=`HX("80F`2P']"=$(`%25ULX,"AS!6C`(2W",$*P)4@:PO(6R0#ML"
M'%'2.#PT<*#DQ7DCD!\-&((1*NM5P,`&[5Q&2*P?6%'O0/)\(-IQR-S.SR+C
M41M!8$&!'=B$'ZF(PRE*<@4!V"YQ@QG60#@1`B5$*@X`"$1)+"&`<:6&"0Y$
M"CY^%B)^>.),WQ`:"6!Q$7[4H4230<)[UH$$:%5``1$B2#(L`!W?6.8@Z=C`
M!?\4H(RV8$,1#5C#X(P(C0-D8'="6$8##E`K6\F!!'U8S#",P1-^1"$&#\S&
M!DC`BP8%PUK(6H<<&L`(I+1C`2\@FT7>\1SV1"`0;3$'="3C@&4H9A.\\0T6
MD(40,D4`"N_1!A(:H`H1Y:,1^"JA'P:0!2,))!U.4``+"S*/!"@`BO7(@`+B
MAPT_""`.)5%3"#0D!%XH@'$7P0=E*J"!$Q!C(+LPW8468+Z!?*,)#C".`HJ6
MD&]`03`A$L(](A";RX1##A,0P`5`@*;4:*$!EF!,[U`@FX)$`WK)9`4!D("L
M;R!!`*M`2CX&D\Q/D.`(*;3(+Q3`-0TX(&@"`04&Q+;_!4L*!!T7V",%<"&A
M<<1"%3P1PB<4T`%F"*09(3C``9$A@@'LP!5,4(`@2D(/P91Q(*^@`!#F81!9
MA*":_.B#`#0H!',H@`*RX0<N&F"`-*Z!!,VS"#]"T3X&J$`KJ5F""+KF"`E9
MHWT+.`%X"/(+`0A`3/P0A0P4((W4+**#)=&&$RB0!6V<0PH*:*00?'&6A*:&
M$`U@0HZ^H0VM\`.)<R@)-K#0`%=P9XJ)*>4`4"2$=/`@!*VRR-],=X`("*(M
MZ-C!_F0POLNT@C<5^,`.JC@00"*!78K`@`/,APTN"$`52'G>#,!SC[$)Q!,-
M$*!)GH!-(;R#"@IXTSND$`*Q_XI#,#$-A0"Z(%<C#$`32(&&`S!0CXM\(Z.T
M=``>!4*,$W"M`B>(AXC8P)\;WN%^MF)"".*:&B30``'N$((X,`#3!JFB`5@H
MR2\L4(+M86,)!2`$8^J2`3&-,`8.Y<8!)B!'9"@`".[U`@D\X4;R6J-!,FO!
MVB32C2_L\T()2$8Z>I&`%=#R`V#`KA#<<8`]RN`H!$&'$S(@BG\*AKO(&,`"
M+`>(`3QB,:-H@/>$4([EL5(@\UP`27$1@@24Q)7:RV<22Y*.%2@@=:ULP`7R
M>@@2*/$B?Z.89!@@@@U$8(\'($$S)$2.7$W&`1\=2&D5<$LA(,,!(8#%8C(A
M`#QDM?\(`U`&4*K0@$4()!H8B$#D&B0*`H3!/H,80!P6<]XGR)4)#2`%4NZV
M`.GR8Q/=JQ<VD!`#L5YD%R&0P`$<=B'V?&FOX24(*TZP`0TLH`1F%8@\&'`"
M1;PC'4R`#4]H&`)(!$D<'U#`++`QSQ<X0R"TR$`12&HK/\3`"^OPQ@($$(P&
ME2($3M`&/\CA@@P@61.IK1,VI$"`!]:%`M?("#9.\5)@488!*YA`#-;`+<6P
M@02:I0`2_"D0<YX%"<MS8$G>(8)\M0$<\#C+#N80E[RE1J5L8`P_:B$`",SA
M""1P07"((8`/X&$58LC`#Y#%#S8(0!%$5@`!=L>/9Q`@:1K_X0<[,N&$%3!S
M`0D`Q#'H;:LY,($-3&""*&Y'CB1T0``$B,`FWG-$`81``-I8QQR`O@95*.`%
M0=/&&`3P)H+,XP@""(``D("/@932-``@P`^ZJ8T:U%4@PPB!`V!V5=5VY!OE
M$(<Y`+3@R^#G[G4'BCIV<8UT2(A<OM"2<*"1C_R,8QYRU<8X%MRS8Y`#J%X7
M1S%VH0Y"IF8>X[C?-\8A[09A(QWON-V$1D_ZTIO>//81_>E7'Q'[2*D<YN#&
MWIL!"U+\(N^LS[WGV0H/>43#%[]8!2C\4`@V2`$+"0`!#1X7+M#J?D*+B?XZ
MNC$.<X"C&L&WA"'R0`8E.*$%&I!`_VE.<(+A1N`#(+B`!Q8P`L%,X_D]6<R,
MUO&-;*2#&_G8!3%4D8E",,$K%=`Y#N`[L-%O`>4!ZQ<7(S`:#,B`$I``/P1_
M#^%ZW_`.\W!_]<`,R^`*EN`'>7`$16`#@O$">.,["@`"E/%<#;B"+-B"&*!6
M`G$#:I`#$F@?AA=[>_<+MF`)F=`':R`&.\``3U<:%#`8$8""#.!I&K"$&]""
M3OB$#7@"?H`4;A`)MZ`'D@!],_(.Z,`-X;`+S;`*GN`'CK`&98`$0'!#3U>"
M"G`"&/`!$N`!#(`#QK&$2PB%>)B'#0@!)]`J7#`)0V`&;Z`'&1%]\L=[\F`-
MO<`*'6AS3[90!#5P`$,T`P,(&\R$?NJW`"JX:7K8B9[8@@L@`F*B!KD0!$&@
M"X38$/(W(U."#O'`#F"X"J.@"$R@!#\``;E&?B;X*`N0@`MP%POXB<(XC'J8
M+[9Q!GKP!OH`!VYP$..P#?MP#]*P"\&P"IV`$DR`!AMP`!^``>3G`%>V``>P
MC>Q1AYQ&C.B8CITH`6GP'I*@!WO@!I0@@?18C_9XC_B8C_JXC_S8C_[XCP`9
,D`(YD`19D`D1$``[
`
end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
