Broadband Briefs for 4/19/07
* Nasdaq extends UTStarcom filing deadline
Threatened with imminent delisting from the Nasdaq trading board, UTStarcom was granted a temporary reprieve when the Nasdaq Listing Qualifications Panel extended the deadline by which the company must file its financial report from the quarter that ended last September and its annual report for its year ended December 31.
UTStarcom is struggling to account for its granting of stock options, essentially the same stock options problem reported by approximately 200 other public companies.
UTStarcom now has until May 14 to file the quarterly report, and until July 16 for the annual report.
* SCTE names Shapp scholarship winner
The Society of Cable Telecommunications Engineers (SCTE) has named Justin Ko-Cheng Chang—a senior at Norcross High School in Norcross, Ga.—as the 2007 recipient of the annual Milton Jerrold Shapp Memorial Scholarship.
The $20,000 scholarship—awarded to a high school senior who is the son or daughter of a telecommunications industry employee—honors the memory of Shapp, who was a cable telecommunications pioneer and a former governor of Pennsylvania. Eligible students must desire a degree relevant to the telecommunications industry. The scholarship is funded by Motorola and administered by SCTE.