Tim, do you see much cross over between Hybrid and HLIT? I would have said no before New Media?
Regards,
Mark
Hybrid Networks Provides Outlook on First Quarter
CUPERTINO, Calif., March 12 /PRNewswire/ --- Hybrid Networks, Inc. (Nasdaq: HYBR - news), today announced that it currently expects first quarter 1998 revenues to be approximately flat with fourth quarter 1997 revenues of $5.1 million. Carl Ledbetter, President & CEO stated, ''We are experiencing some weakness in demand for our cable and wireless systems that utilize telephone return. In particular, one major customer canceled an order for telco return products that was scheduled for delivery in the first quarter due to internal customer issues. This cancellation alone will reduce expected revenues for the quarter by approximately $400,000; however, based on discussions with the customer, we expect the order will be reinstated when their internal issues are resolved. We are also experiencing a shift into late March of shipments we had expected to be well within the quarter of our new QPSK two-way transmission product due to delays we encountered in completing the development. We have now released the product and have technical teams in the field assisting customers in installing the new system. Customer acceptance of QPSK products is anticipated to have a significant effect on Hybrid's overall revenues for this quarter.''
Hybrid Networks, Inc., based in Cupertino, CA, is a broadband access equipment company that designs, develops, manufactures and markets cable and wireless systems that provide high speed access to the Internet and corporate intranets for both businesses and consumers. Hybrid's customers include cable operators, broadband wireless system operators, Internet Service Providers, resellers and other businesses.
Certain statements made in this press release with respect to the Company, the marketplace, customers and product development and acceptance are forward looking and involve risks and uncertainties. These risks and uncertainties include Fluctuations in Operating Results; Absence of Significant Backlog; Continuing Decline of Average Selling Prices, Dependence on Recently Introduced Products and Products under Development; Rapid Technological Change, Inexperience in an Emerging Market, Dependence on Cable Systems Operators, Dependence on Broadband Wireless System Operators, Customer Concentration, Competition and Competing Technologies and Evolving Industry Standards and other risks and uncertainties discussed in the section entitled ''Risk Factors'' in the Company's final prospectus dated November 12, 1997 related to its initial public offering of Common Stock. As a result, the Company's actual future results could differ materially from such forward looking statements.
NOTE: For more information see the Hybrid Networks web site at hybrid.com or call Investor Relations at 408-342-4248 or send electronic mail to IR@hybrid.com. |
