Editing UTStarcom (section)

==History==
The company was founded in 1995 as a merger between Unitech and Starcom Networks to form UTStarcom. Unitech was founded in 1991 by Hong Liang Lu ({{lang|zh|陆弘亮}}), a Chinese entrepreneur with a BS degree from [[University of California, Berkeley|UC Berkeley]],<ref>{{cite web |title=Mr. Hong Liang Lu |url=http://www.pacrimpartners.com/team/lu.html |website=Pacrim Venture Partners}}</ref> as '''U'''nitech '''T'''elecom. It was focused on the telecommunications markets in China, Japan, United States and India, with its initial presence in China established in 1993 in [[Hangzhou]], [[Zhejiang]].<ref name="refforbiz" /> Starcom Networks was founded in 1991 by Ying Wu ({{lang|zh|吴鹰}}) and a team who had worked together at the [[Bell Labs]] in [[New Jersey]], United States.<ref name="Saxenian2007">{{cite book|author=AnnaLee Saxenian|title=The New Argonauts: Regional Advantage in a Global Economy|url=https://books.google.com/books?id=djgO_Thn6dUC&pg=PA250|year=2007|publisher=Harvard University Press|isbn=978-0-674-02566-0|pages=250–}}</ref>

After several years of trying to expand its business globally, UTStarcom launched the Personal Handy-phone System, also known as the [[Personal Access System|Personal Handy-phone System]], a technology originally developed in Japan.

In March 2000, UTStarcom went public on the [[NASDAQ]].

In July 2008, UTStarcom sold its Personal Communications Division to [[American International Group|AIG]].<ref>[https://www.sec.gov/Archives/edgar/data/1030471/000110465908044253/a08-17884_1ex99d1.htm UTStarcom Announces Strategic Divestiture of its Personal Communications Division]</ref>