CMTN is getting found out, 73% of revs come from RTHM & NPNT, 16% LU (who just announced their own product in this space) and there are several venture backed companies with better more versatile product offerings. Co said their expenses are going up for marketing. STOCK GOES LOWER.
"COPPER MOUNTAIN NETWORKS INC. ANNOUNCES PARTIAL LOCK-UP RELEASE 10/19/99 16:34 Business Editors and High Tech Writers PALO ALTO, Calif.--(BUSINESS WIRE)--Oct. 19, 1999--Copper Mountain Networks, Inc., (NASDAQ: CMTN) today announced that Morgan Stanley Dean Witter, the lead underwriter for Copper Mountain's initial public offering, has agreed to an early release of the underwriters' lock-up restrictions currently imposed on 9.2 million
shares of Copper Mountain Common Stock held by Copper Mountain
shareholders. The shares will be available for sale no earlier than
Monday October 25, 1999.
About Copper Mountain Networks
Copper Mountain Networks, Inc. develops and markets a
comprehensive family of DSL solutions that enable high-speed
internetworking over existing copper facilities. The Company's mission
is to enable carriers and other service providers to offer a full
range of high-performance, cost-effective data and voice services over
DSL that are easy to deploy, use, and manage. Copper Mountain's
CopperRocket(tm) CPE family addresses the bandwidth, reliability,
ease-of-use, and cost concerns of remote offices and users. Its
carrier-class CopperEdge(r) DSL concentrators and CopperView(tm)
network management solutions offer a robust and scalable platform for
carriers and multi-tenant unit service providers to generate a high
return on investment while satisfying the ever-increasing user demand
for bandwidth. For more information, please visit the Company's World
Wide Web site at coppermountain.com. For Investor Relations
information, call our toll free number at 877/463-6268 or contact us
via e-mail at IR@coppermountain.com.
Portions of this release contain forward-looking statements
regarding future events and are subject to risks and uncertainties. We
wish to caution you that there are some factors that could cause
actual results to differ materially from the results indicated by such
statements. These factors include, but are not limited to: quarterly
fluctuations in operating results attributable to the timing and
amount of orders for our products, the concentration of our revenue in
a small number of customers, factors affecting the rate of DSL
deployment by our customers, market acceptance of our products, our
ability to keep pace with rapidly changing product requirements and
factors affecting the demand for DSL technologies. We refer you to the
documents we file from time to time with the Securities and Exchange
Commission, specifically the section titled Risk Factors in our
Registration Statement on Form S-1 (No. 333-73153).
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