Com21 Comments on Fourth Quarter Sales to AT&T
MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 27, 2000--Com21, Inc. (Nasdaq:CMTO - news), a leading global provider of system solutions for the broadband access market, announced today that it understands that AT&T Broadband will limit its receipt of product shipments for the remainder of the quarter. Com21's business with AT&T is limited to the Company's cable access products. This action by AT&T will have no more than a 2% impact on total sales for the quarter.
About Com21, Inc.
Com21, Inc. is a leading global supplier of system solutions for the broadband access market. The Company's DOCSIS, DVB, and ATM-based products enable cable operators and service providers to deliver high-speed, cost-effective Internet and telephony applications to corporate telecommuters, small businesses, home offices, and residential users. To date, Com21 has shipped over 900,000 cable modems worldwide, along with over 1,300 headend controllers. Com21 systems offer commercial service in cable systems passing 17 million households worldwide.
Com21 is an ISO 9001 registered company with over 500 employees worldwide. The Company's corporate headquarters is located in Milpitas, California, USA, with its European headquarters in Delft, The Netherlands. In addition, Com21 maintains research and development facilities in Ireland, Israel, Maryland, and New York, as well as sales and support offices in the United States and Canada, Europe, Asia, and Latin America.
Safe Harbor Act Clause
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. This press release contains forward-looking statements related to the expected current quarterly revenue from AT&T. These statements are based upon current expectations of management in light of AT&T's announcement. In addition, see the risk factors described in the Company's most recent Form 10K and Form 10Q. Com21 assumes no obligation to update the forward-looking information contained in this press release.
Note to Editors: Com21®is a registered trademark of Com21, Inc., Milpitas, California, U.S.A. All other trademarks are the property of their respective owners.
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