In the autumn of 2003, executives from Californian tech company UTStarcom stopped at a countryside restaurant in Vietnam to celebrate securing $30m (£14.4m) worth of telecoms contracts. A cobra was slaughtered and its heart presented to Tim Donovan, then head of global marketing. "It was still beating," recalled a former UTStarcom employee who was there. "It was probably the size, of a golf ball. He just ate it."
November 07, 2007 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
The much-coveted Chinese market promises much, but pitfalls can leave a bitter taste in the mouth, as one fast-growing US telecoms company found out. UTStarcom provides a cautionary tale for corporate lawyers. Justin Scheck and Kellie Schmitt report
In the autumn of 2003, executives from Californian tech company UTStarcom stopped at a countryside restaurant in Vietnam to celebrate securing $30m (£14.4m) worth of telecoms contracts.
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