Copper Mountain Named No. 1 of 50 Fastest-Growing Companies by Worth Magazine; Company Highlighted as a Leading Vendor for Internet Infrastructure Equipment
PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 1, 1999--Copper Mountain Networks, Inc., (Nasdaq:CMTN) the market share leader in business Digital Subscriber Line (DSL) equipment, today announced that Worth magazine has identified it as the fastest-growing Internet-related company in the magazine's November 1999 issue. The magazine based its ranking on revenue growth in dollar and percentage terms.
The Worth article, entitled "The Web's 50 Fastest-Growing Companies," noted that Copper Mountain, like most of the companies cited by Worth, is "in the business of building the infrastructure for the Internet of the future. While the consumer sites have gotten most of the attention so far, it's in the business-to-business arena that the Internet's greatest impact is likely to be felt." Copper Mountain develops and markets a comprehensive family of DSL solutions that enable high-speed internetworking over existing copper telephone wires, connecting offices and homes to the public telephone network.
Worth has ranked Copper Mountain No. 1 on a list that includes other cutting-edge infrastructure companies such as Redback Networks (Nasdaq: RBAK, No. 13) and Convergent Communications (Nasdaq: CONV, No. 18) as well as such consumer powerhouses as America Online (NYSE: AOL, No. 3), Amazon.com (Nasdaq: AMZN, No. 7), and eBay (Nasdaq: EBAY, No. 37).
"Our growth cited by Worth reflects the market momentum of DSL as a mainstream broadband technology for small and medium businesses," said Rick Gilbert, president and CEO of Copper Mountain. "We are actively working to maintain our momentum by continually expanding the capabilities of, and thus the market for, Copper Mountain's DSL solutions. For example, Copper Mountain's recently introduced G.lite line card expands the target market of our service provider customers beyond small and medium-sized businesses to teleworkers and technologically advanced families. Our Inverse Multiplexing solution increases DSL bandwidth from 1.5 Mbps to as much as 12 Mbps. And our support for Voice over DSL enables service providers to offer users both voice and data over one copper loop."
Copper Mountain DSL Solutions
Copper Mountain's CopperEdge(r) DSL concentrators deliver bandwidth up to 1.5 Mbps while supporting multiple services over DSL, including Internet access, toll-quality voice services, corporate virtual private networks (VPNs), and Frame Relay. CopperView(tm) network management tools provide configuration, fault analysis, and performance monitoring throughout the network from a carrier's central operations center, resulting in substantial savings in time, cost, and complexity in managing DSL equipment network-wide. CopperRocket(tm) and CopperCompatible(tm) customer premise equipment (CPE) allow Competitive Local Exchange Carriers (CLEC) and other service provider customers to select from the industry's broadest range of innovative, competitively priced devices, ranging from low-cost bridges and routers to full-featured CSU/DSUs with advanced features for business applications and security.
About Copper Mountain Networks
Copper Mountain Networks, Inc., (Nasdaq: CMTN) 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. Customers wanting more information about Copper Mountain products can contact Diana Helfrich at (650) 687-3314 or visit the Company's World Wide Web site at coppermountain.com. For investor relations information, call toll free 877-INFO-CMTN (463-6268) or contact us at IR@coppermountain.com.
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties. Copper Mountain wishes 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 Copper Mountain files 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).
Copper Mountain and all Copper Mountain product names are trademarks of Copper Mountain Networks, Inc. All other marks are the property of their respective owners.
CONTACT:
Copper Mountain Networks, Inc.
Diana Helfrich, 650/687-3314
dhelfrich@coppermountain.com
or
Gallagher PR
Celine Cohen, 510/749-6800, ext. 205 |
