Peter D. Fenner, president and chief executive officer, commented, "I am extremely
pleased to report the results for the fiscal year ended 1999. Com21 achieved record
revenue both for the fourth quarter of 1999 as well as for the year, and we enter the first
quarter of 2000 with a very healthy book to bill. For the fourth quarter, bookings were up 235% over the prior year's fourth quarter. Unit sales during the year rose to 280,000 from 77,000 and we increased the number of households passed by 4.8, bringing the number up to 14.0 worldwide. While the overall market for cable modems doubled in 1999, Com21's sales of cable modems tripled, which makes a very strong statement about the quality of our products. Moving forward in 2000, we feel that the convergence of data, voice and video presents tremendous opportunities for Com21."
Wow, talk about fantastic growth!
Should be a good conference call.
I'll post a summary afterwards.
Pat |
