OTC Stock Review: OTC Stock Review Stocks in Motion for Wednesday, June 10, 2009 are GetFugu, Deutsche Telekom AG, UTStarcom, Inc., and Microchip Technology Inc.

Rich Jenkins, co-founder, VP and Head of Business Development of Getfugu (OTCBB: GFGU), a company revolutionizing mobile search, was a featured speaker at the first annual "Produced By Conference 2009" organized by the Producers Guild of America (PGA) this past weekend. Jenkins addressed conference attendees while speaking on the Media in Motion panel, examining how mobile and social media are redefining the cultural landscape.

The event was sponsored by Plymouth Rock Studios and hosted by Sony Pictures Studios and included the country's most successful entertainment producers including Marshall Herskovitz, Gale Anne Hurd, James Cameron, Clint Eastwood, Mark Gordon, Kathleen Kennedy, Thom Beers, Marc Cherry, and Bruce Cohen discussing the state of film, television and new media with Hollywood's creative community.

Jenkins' panel, which was sponsored by Nokia, featured both studio and independent perspectives on how to maximize content in the mobile space, integrate mobile applications into current productions and create new mobile specific content and distribution channels. Jenkins was joined on the forum by a lineup of top digital media executives, including Rebecca Allen, Director, Nokia Research Center, Jason George, Chairman, Chief Executive Officer, Telescope Inc., Daniel E. Tibbets, Executive Vice President and Studio Chief, GoTV Networks, and John Heinsen, Principal, Bunnygraph Entertainment, Inc. Co-Chair Mobile Committee-New Media Council, PGA. The session was moderated by new media consultant David Bloom, and also examined monetization strategies for these new platforms and what constitutes success in the personalized digital social scene.

"This is an exciting time for handset manufactures, mobile application creators and content producers alike and it's also a great time for Getfugu as we continue to build our strong management team and introduce our mobile search technology in front of key brands in time for our launch this fall," said Jenkins.

This past week Getfugu named Internet search pioneer and Ask Jeeves (Ask.com) founder David Warthen as the company's CTO. Warthen is the latest addition to a group of esteemed executives to have joined the company's executive team. Under the leadership of CEO Bernard Stolar, former Game Evangelist at Google, Getfugu recently appointed Beth Doherty as Vice President of Network Sales and Michael Jay Solomon to the Board of Directors. Doherty brings more than 20 years of experience in the high tech and entertainment software industries having held senior positions at companies including THQ Wireless, Acclaim Entertainment, Sony Computer Entertainment America Inc. (SCEA). Michael Jay Solomon is an entertainment industry veteran and past President of Lorimar Telepictures and Warner Bros. International Television. Solomon was credited as being the creator of television syndication and brings years of international experience at marketing and content distribution to the company. Mr. Solomon is currently a principal of Shanghai Media Group Broadband (SMGBB) which streams Chinese language broadcast networks from China onto the Internet; Solomon has an exclusive contract with Shanghai Media Group for the next ten years.

Getfugu will launch its applications for mobile devices in the fall of 2009. Phones with Getfugu applications installed will provide consumers with a completely new experience in web browsing and e-commerce. Offering four unique services -- See it (ARL), Say it (VRL), Find It (GRL) and Get It (Hot-Spotting), Getfugu will offer the simplest and most convenient means to get the information you need and make the purchases you need from the palm of your hand. For further information please visit www.getfugu.com.

About Getfugu:

Getfugu Inc. is the first technology architect to provide a carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to encourage use of its applications by simply integrating the mobile phones' core strengths (image recognition, voice recognition, location recognition) into a single customizable application. Additionally, Getfugu offers the only mobile hot-spotting ecommerce platform available worldwide today. The Getfugu platform will be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.

T-Mobile USA Inc., a unit of Deutsche Telekom AG (NYSE: DT), said Tuesday that it did not suffer a security breach after a hacker claimed this weekend to have accessed the company's servers.

T-Mobile said it was investigating the allegation and found no evidence that hackers got any customer or company information.

On Saturday, a hacker claimed in an online forum that "we have everything, their databases, confidential documents, scripts and programs from their servers, financial documents up to 2009."

UTStarcom, Inc. (NASDAQ: UTSI) today announced that it will host a conference call with the financial community on Thursday, June 11th at 2:00 p.m. PDT / 5:00 p.m. EDT.

Peter Blackmore, CEO and president, and Viraj Patel, interim CFO, will host the call to discuss the company initiatives. Following the prepared remarks, there will be a question and answer session.

The conference call dial-in numbers are: United States and Canada 888-889-1058; International 706-634-2327. The conference ID number is 1404-5024.

Microchip Technology Inc. (NASDAQ: MCHP) topped expectations with its fiscal first-quarter earnings forecast Tuesday, citing improving profit margins and demand.

Sales are expected to grow 8 percent to 10 percent from fourth-quarter levels, implying $187.2 million to $190.6 million in revenue.

Excluding items, the company projected earnings of 17 cents to 18 cents per share.

Analysts, who typically exclude one-time gains or losses, were looking for 13 cents per share on $181.7 million.

Last month, Microchip said it was not providing an official forecast for the quarter because of economic uncertainty but released internal targets of 11 cents per share in earnings and $182 million in sales.

Microchip shares rose 96 cents, or 4.4 percent, to $22.73 in morning trading.

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