UTSTARCOM HOLDINGS CORP. — Director's Dealing 2004

May 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2004-04-30

Reporting Person: HUANG BILL X (Sr. VP and CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-30	Common Stock	J	1464	$14.518	Acquired	760598	Direct

Footnotes

F1: Shares acquired through the Issuer's 2000 Employee Stock Purchase Plan.

F2: This amount represents the following shares directly and indirectly owned by the reporting person: (i) 641,398 shares held directly; (ii) 106,000 shares registered in the name of the 2000 Huang Family Limited Partnership; (iii) 6,600 shares registered in the name of Alexander Huang; and (iv) 6,600 shares registered in the name of Helen Huang.