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Technology Stocks : DIGL... Digital Lightwave.... Making Waves.... -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (843)	8/25/2000 8:31:25 AM
From: CatLady	Read Replies (1) \| Respond to of 934

The drop coincided with this announcement. What does it really mean? Is it a symptom of deeper problems or just a shock that the market will get over quickly? I dunno. The upward trendline since April is still intact, I wouldn't worry too much unless that trend gets broken. CLEARWATER, Fla., Aug 24, 2000 (BUSINESS WIRE) -- Digital Lightwave(R), Inc. (Nasdaq: DIGL chart, msgs), a leading provider of optical networking products and technology, announced today that Dr. Bryan Zwan, the Company's majority stockholder, resigned as a director of the Company, effective August 22, 2000. Robert F. Hussey will fill the vacancy created by Dr. Zwan's resignation. Mr. Hussey currently manages a private investment portfolio. Previously, he was President and Chief Executive Officer of MetroVision of North America, Inc., a cable television company, from February 1991 to April 1997, when it merged with York Hannover Healthcare, Inc. Mr. Hussey has been a director of IVEX Corporation since May 1993, Digital Data Networks, Inc. since November 1997, and Nur Macroprinters Ltd. since December 1997. Mr. Hussey has also served on the board of advisors for Kaufmann Fund since December 1996 and Argentum Capital Partners, I and II, since December 1997. He received a bachelors' degree in Marketing from Georgetown University and an MBA in International Business from George Washington University. Dr. Zwan founded the Company in October 1990 and served as the Company's President from October 1990 to March 1996, as its Chief Executive Officer from October 1990 to January 1999, as its Chairman of the Board from October 1990 to July 1999, and as a non-executive director from July 1999 to August 22, 2000. In his resignation, Dr. Zwan indicated that he planned to spend more time pursuing other interests and stated, "The addition to the board of Robert F. Hussey, whom I believe will serve the Company well, makes this a particularly timely occasion for me to leave the board." The Company wishes to thank Dr. Zwan for his significant contributions to Digital Lightwave as its founder and as the architect of the Company's early growth and evolution. About Digital Lightwave, Inc. Digital Lightwave serves the growing fiber-optic networking industry with products and technology that monitor, maintain and facilitate the management of high-speed communication networks. The Company's product families include Network Information Computers (NICs(TM)), the industry's leading high-speed portable analyzers for fiber-optic network installation and maintenance testing and Network Access Agents(TM) (NAAs(TM)), which provide network-integrated, centralized performance monitoring and analysis for optical networks, including remote multi-channel DWDM diagnostics. Digital Lightwave also provides customized optical monitoring subsystems for OEM applications. News and information are available at www.lightwave.com. Except for the historical statements made herein, this release contains certain forward-looking statements that may involve a number of risks and uncertainties. Factors that could cause actual results or events to differ materially from these forward-looking statements include: quarterly fluctuations in the company's operating results; control by a majority shareholder; dependence on a limited number of products; rapid technological changes; the company's ability to compete effectively with other companies; the company's dependence on major customers; the company's dependence on contract manufacturing and limited source suppliers; delays in product development and delivery schedules; the company's ability to expand its production and assembly operations; the company's ability to manage its growth; the company's ability to enter into strategic relationships; the company's dependence on key personnel; the company's dependence on proprietary technology; the company's success in defending significant litigation; liquidity risk and future capital needs; general business conditions; and other factors described in the company's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Digital Lightwave assumes no obligation to update information contained in this release. Editor's Note: Digital Lightwave(R), Network Information Computer(R), NIC(TM), Network Access Agents(TM), and NAA(TM) are trademarks of Digital Lightwave, Inc. Contact: