John R., OT?, In the the future there won't be a set top, but an
IAD ( Integrated Access Device)? that will include the video and telephony and broadband data?. Maybe that's why CUBE is working on that media processor. Where is their tuner stuff from that merger? I wonder how it is coming? Anyway, in Milpitas, there is that cable modem company, who I wanted CUBE/DIVI to talk to. I thought maybe they were just across the street. They reported today.....
MILPITAS, Calif.--(BUSINESS WIRE)--April 13, 2000--Com21, Inc. (Nasdaq:CMTO) today reported financial results for the quarter ended March 31, 2000.
Revenues for the first quarter of 2000 were $41.6 million, an increase of 116% from $19.2 million recorded in the first quarter of 1999, and a 40% increase sequentially. Com21 reported a net loss for the quarter of $2.4 million, or $0.11 per share, compared to a net loss of $1.6 million, or $0.08 per share, in the comparable period of 1999. This is a sequential improvement of $0.08 per share compared to the fourth quarter of 1999, in which Com21 reported a net loss of $4.0 million, or $0.19 per share.
Peter D. Fenner, president and chief executive officer, commented, "This has been an exceptional quarter for Com21. We achieved record revenue during the three month period and our bottom line far exceeded expectations. Modem unit sales for the first quarter increased by over 52% and we have a very strong book to bill going into the second quarter. We have seen widespread approval of our CableLabs(R) Certified(TM) modems and continued worldwide demand for our proprietary solutions."
"As a key strategic element of our broadband voice strategy, we announced our cable telephony solution at the CeBIT Trade Show in Hannover, Germany in March. The ComUNITY VoX(TM) solution is one of the first end-to-end systems to integrate toll-quality voice with broadband data over the cable infrastructure. The ComUNITY VoX system uses our existing ComUNITYAccess(R) System with Tdsoft's voice access gateway to offer broadband voice services today over ATM. Products such as the ComUNITY VoX, established for the E1 V5.2 public switched telephone network (PSTN) standard will allow service providers to maintain simplified and cost efficient converged networks. Overall, we believe that Com21 is well positioned to excel in the new voice-over-cable market," commented Mr. Fenner.
"On the customer acquisition front, Com21 signed on important new customers during the quarter, including Westman Communications Group, a cable operator, in Canada, and NEO Telecom, a Korean System Integrator serving Korea Thrunet, a large cable operator. In fact, the strength of our international, as well as our domestic, sales efforts were recently highlighted in a new report by the market research firm, Dell'Oro Group. Dell'Oro's report, 'Q4'99, Routers, Access & Voice Worldwide,' stated that Com21 is first in cable modem sales to Europe, second in all international markets, and third in North America for the year 1999. It is our goal to increase our market share by leveraging both our renowned dedication to customer service as well as our cutting edge, feature rich products. Also during the first quarter, we began volume shipment of our new DOXport(TM)111 CableLabs(R) Certified(TM) cable modem," concluded Fenner.
About Com21, Inc.
Com21, Inc., is a leading global provider of system solutions for the broadband access market. The Company's DOCSIS, DVB and ATM-based products enable cable operators and service providers with the ability to deliver high-speed, cost-effective Internet and telephony applications to corporate telecommuters, small businesses, home offices and residential users. Com21 has shipped 524,000 cable modems worldwide through March 31, 2000.
Com21 is an ISO 9001 registered company headquartered in Milpitas, California, USA, and maintains domestic and international sales and support locations in the United States, Canada, Europe, Asia, and Latin America.
Safe Harbor 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. Those forward-looking statements include statements related to: the ability of Com21, Inc. to continue to meet marketing, technology and customer demands as it relates to its products within the broadband market. Actual results may differ materially due to a number of factors, including numerous technological, operational and financial challenges associated with deploying, manufacturing, marketing, distributing and servicing broadband products. The matters discussed in this press release also involve risks and uncertainties concerning Com21's products and services described in Com21's filings with the Securities and Exchange Commission (SEC). In particular see the risk factors described in the Company's most recent Form 10K. Com21 assumes no obligation to update the forward-looking information contained in this press release.
Note to Editors: Com21(R), DOXport(TM) and ComUNITY Access(R) System are registered trademarks or trademarks of Com21, Inc., Milpitas, California, U.S.A. All other brands are trademarks or registered trademarks of their respective owners.
-
Now, that is TOP LINE growth that FreDE has taught me is so important to the street. The margins are only 30.23. Are these margins too low, IYO? Can't get into the webcast. Any comments if HLIT/DIVI should consider talking to these guys? They don't do silicon like CUBE so I guess only DIVI/HLIT would consider it? Just for discussion.... |
