Tuesday October 5, 4:01 pm Eastern Time
Company Press Release
P-Com Announces Receipt of Purchase Orders in Excess of
$14.7 Million From Major Competitive Local Exchange Carrier
CAMPBELL, Calif.--(BUSINESS WIRE)--Oct. 5, 1999--P-Com, Inc.
(Nasdaq National Market: PCMS - news) announced today that
it has received purchase orders over the last 120 days
totaling more than $14.7 million from a major domestic
Competitive Local Exchange Carrier (CLEC).
The orders are for millimeter wave point-to-point radio
systems and will be used in a broadband wireless access
application. To date, approximately 50% of the orders have
been shipped with the remainder scheduled for shipment in
the fourth quarter.
These P-Com radio systems are ideally suited for solving the
last mile problem in fixed networks and are equally well
suited for base station interconnection in mobile applications
for both cellular and personnel communication networks. The
systems are designed to be compatible with domestic and
international standards.
P-Com, Inc. develops, manufactures, and markets network
access systems for the worldwide wireless telecommunications
market. The point-to-point, spread spectrum, and
point-to-multipoint radio links provided by P-Com are
designed to satisfy the network requirements of cellular and
personal communications services, corporate communications,
public utilities and local governments. In addition, P-Com
provides comprehensive network services including system
planning, program planning, management, path design, and
installation.
Statements in this release that are forward looking involve
known and unknown risks and uncertainties, which may cause
the Company's actual results in future periods to be
materially different from any future performance that may be
suggested in this release. Such factors may include, but are
not limited to, reliance upon subcontractors, fluctuations
in customer demand and commitments, both in timing and
volume, introduction of new products, commercial acceptance
and viability of new products and expenses associated
therewith, cancellations of orders without penalties,
pricing and competition, the Company's ability to have
available an appropriate amount of production capacity in a
timely manner, the ability of the Company's customers to
finance their purchases of the Company's products and/or
services, the timing of new technology and product
introductions, the risk of early obsolescence and the
pending stockholder class action lawsuit. Further, the
Company operates in an industry sector where securities
values are highly volatile and may be influenced by economic
and other factors beyond the Company's control, such as
announcements by competitors and service providers.
Reference is made to the discussion of risk factors detailed
in the Company's filings with the Securities and Exchange
Commission, including its reports on Form 10-K and 10-Q.
P-Com, Inc. with world headquarters in Campbell, California
USA and offices in Florida, New Jersey, Virginia, the UK,
Italy, France, Germany, Mexico and Singapore, is an ISO 9001
certified company.
Contact:
P-Com, Inc.
Robert E. Collins, 408/866-3666
www.p-com.com |
