UTStarcom, Inc.

DateInflation Amount Per Share*
3/3/2000**$40.8763***
3/6/2000$40.5518
3/7/2000$37.2357
3/8/2000$33.3159
3/9/2000$33.2985
3/10/2000$32.9235
3/13/2000$26.9358
3/14/2000$19.6307
3/15/2000$27.7111
3/16/2000$31.5552
3/17/2000$27.789
3/20/2000$22.1057
3/21/2000$26.2289
3/22/2000$30.2528
3/23/2000$29.4863
3/24/2000$39.7737
3/27/2000$41.6342
3/28/2000$44.4207
3/29/2000$44.4207
3/30/2000$44.4207
3/31/2000$44.4036
4/3/2000$42.2955
4/4/2000$29.681
4/5/2000$33.7561
4/6/2000$34.9876
4/7/2000$39.0101
4/10/2000$38.1692
4/11/2000$32.8471
4/12/2000$28.9645
4/13/2000$26.9038
4/14/2000$8.9161
4/17/2000$7.6673
4/18/2000$12.8826
4/19/2000$15.6065
4/20/2000$15.3424
4/24/2000$15.0061
4/25/2000$14.9968
4/26/2000$23.7614
4/27/2000$25.7604
4/28/2000$23.0345
5/1/2000$21.6852
5/2/2000$19.7075
5/3/2000$19.7481
5/4/2000$19.0355
5/5/2000$20.3531
5/8/2000$20.4316
5/9/2000$18.3884
5/10/2000$17.3772
5/11/2000$16.8136
5/12/2000$14.0034
5/15/2000$12.6118
5/16/2000$18.861
5/17/2000$22.6448
5/18/2000$21.4349
5/19/2000$19.813
5/22/2000$18.4339
5/23/2000$18.6892
5/24/2000$14.5699
5/25/2000$16.6623
5/26/2000$12.5673
5/30/2000$12.6838
5/31/2000$16.0923
6/1/2000$0.1615
6/2/2000$0.1493
6/5/2000$0.1721
6/6/2000$0
6/7/2000$0
6/8/2000$0
6/9/2000$0
6/12/2000$0
6/13/2000$0
6/14/2000$0
6/15/2000$0
6/16/2000$0
6/19/2000$0
6/20/2000$0
6/21/2000$0.0935
6/22/2000$0.4707
6/23/2000$0.8393
6/26/2000$0.4797
6/27/2000$0.3208
6/28/2000$0.337
6/29/2000$0.5064
6/30/2000$5.5696
7/3/2000$5.0127
7/5/2000$2.825
7/6/2000$5.1024
7/7/2000$3.4131
7/10/2000$3.0104
7/11/2000$2.4331
7/12/2000$4.7008
7/13/2000$6.2967
7/14/2000$4.9492
7/17/2000$5.1604
7/18/2000$5.0515
7/19/2000$2.5844
7/20/2000$1.362
7/21/2000$1.681
7/24/2000$1.0463
7/25/2000$0.895
7/26/2000$2.1174
7/27/2000$0.9731
7/28/2000$0.6796
7/31/2000$1.7032
8/1/2000$0.8653
8/2/2000$1.6376
8/3/2000$1.2219
8/4/2000$0.694
8/7/2000$0.5524
8/8/2000$0.4848
8/9/2000$0.376
8/10/2000$0.2004
8/11/2000$0.2035
8/14/2000$0.0453
8/15/2000$0.2566
8/16/2000$0
8/17/2000$0.0328
8/18/2000$0.0837
8/21/2000$0.071
8/22/2000$0.0483
8/23/2000$0.0618
8/24/2000$0.0079
8/25/2000$0.55
8/28/2000$0.1994
8/29/2000$0.2638
8/30/2000$0.0792
8/31/2000$0.412
9/1/2000$0.4148
9/5/2000$0.5089
9/6/2000$0.4898
9/7/2000$0.4738
9/8/2000$0.4635
9/11/2000$0.1885
9/12/2000$0.0398
9/13/2000$0.0175
9/14/2000$0
9/15/2000$0.3436
9/18/2000$0.2197
9/19/2000$0.2394
9/20/2000$0.1405
9/21/2000$0
9/22/2000$0.0833
9/25/2000$0.3812
9/26/2000$0.5135
9/27/2000$0.2955
9/28/2000$0.1465
9/29/2000$0.1056
10/2/2000$0.0527
10/3/2000$0
10/4/2000$0
10/5/2000$0
10/6/2000$0
10/9/2000$0
10/10/2000$0
10/11/2000$0
10/12/2000$0
10/13/2000$0
10/16/2000$0
10/17/2000$0
10/18/2000$0
10/19/2000$0
10/20/2000$0
10/23/2000$0
10/24/2000$0
10/25/2000$0
10/26/2000$0
10/27/2000$0.1563
10/30/2000$0.1036
10/31/2000$0.0334
11/1/2000$0.3716
11/2/2000$0.5448
11/3/2000$0.6044
11/6/2000$0.2587
11/7/2000$0.3036
11/8/2000$0.3369
11/9/2000$0.065
11/10/2000$0
11/13/2000$0
11/14/2000$0.1529
11/15/2000$0
11/16/2000$0
11/17/2000$0
11/20/2000$0
11/21/2000$0
11/22/2000$0
11/24/2000$0
11/27/2000$0
11/28/2000$0.1609
11/29/2000$0.1266
11/30/2000$0.0219
12/1/2000$0
12/4/2000$0.9606
12/5/2000$0.0005
12/6/2000$0

* Data shown are adjusted forward for all stock splits between the IPO and 12/6/00.

** Purchases on a date not listed in the chart above have no artificial inflation.

*** Purchases in the IPO itself at $18.00 per share have no artificial inflation.