UTStarcom said Monday the investigation was continuing and that it would delay filing its 10-K annual report with the SEC UTStarcom Inc.’s troubles over the accounting of revenue from a deal in India continue to mount, with the telecommunications equipment maker announcing Wednesday that it received a delisting notice from the Nasdaq stock exchange.In February, UTStarcom asked independent investigators to examine the premature recognition of revenue from the Indian deal. Revenue from the customer, which was not identified, was recognized during several quarters between 2003 and 2005. The deal was worth around US$22 million with a total gross margin of less than $1 million, the company said.On Monday, UTStarcom said the investigation into the deal was continuing and announced it would delay filing its 10-K annual report with the U.S. Securities and Exchange Commission (SEC) as a result. At the same time, the company hinted the investigation into the Indian deal had expanded to include “certain other transactions.” The Nasdaq Stock Market warned UTStarcom it faces delisting for not filing its 10-K. The company’s stock will be delisted on March 29 unless it requests a hearing on the matter, the exchange said.UTStarcom has requested a hearing. However, while a hearing will delay the delisting, there is no assurance that the exchange will agree to maintain UTStarcom’s stock listing, the company said.UTStarcom has said it expects to file its 10-K sometime around April 30. Technology Industry