For Immediate Release

Chicago, IL - May 29, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Citigroup (C), Bank of America (BAC), JP Morgan Chase (JPM), AIG (AIG) and UTStarcom, Inc. (UTSI).

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Here are highlights from Thursday's Analyst Blog:

Consolidated Banking, Maybe?

Clearly the cobbled-together oversight from various federal agencies was ineffective to contain the current financial crisis that all but swallowed the U.S. last year -- institutions such as but not limited to Citigroup (C), Bank of America (BAC), JP Morgan Chase (JPM) and AIG (

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We expect UTStarcom, Inc. (UTSI), a provider of IP-based telecom equipments, to receive further demand for its IPTV solutions as mobile TV systems become increasingly popular in China and India due to nationwide deployments of 3G wireless networks.UTStarcom's transformation from a mobile handset developer to an IPTV and optical transport solutions provider has been favorably implemented.Moreover, the company's current valuation is below its net cash position. At the end of the first quarter, the company had approximately $2.41/diluted share of cash position with no outstanding debt.On the other hand, the markets for IPTV solutions and intelligent switching products are highly competitive and this, together with global economic weakness, may hinder efforts to improve the company's earnings power.We do not expect UTStarcom to achieve profitability any time soon. While we maintain our Hold rating, due to higher risk levels, we forecast ...

UTStarcom (UTSI), a provider of IP-based telecom equipments, declared 4th quarter 2008 financial results, better than our estimates. UTStarcom's transformation from a mobile handset developer to an IPbased product and services supplier has been favorably consummated.Market demand for IPTV and optical transport solutions are likely to remain firm. The market for IPTV solutions and intelligent switching products are highly competitive and this, together with global economic weakness, may hinder efforts to improve the company's earnings power.We do not expect UTStarcom to achieve profitability any time soon. We maintain our Hold recommendation with a reduced valuation target.Nalak Das contributed to this report. Read the full analyst report on "UTSI"Zacks Investment Research