Deloitte & Touche Names Copper Mountain Silicon Valley's Fastest Growing 'Rising Star' Company
PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 25, 2000--
Nationwide Professional Services Firm Recognizes
Copper Mountain for Phenomenal Revenue Growth for 1997-1999
Copper Mountain Networks, Inc. (Nasdaq:CMTN), a leading provider
of Digital Subscriber Line (DSL) solutions for business and
residential users, today announced that it has been recognized as
Silicon Valley's fastest growing company by Deloitte & Touche, a
leading nationwide professional services firm. Deloitte ranked Copper
Mountain first among five companies honored with the firm's "Rising
Star" award, presented annually to up-and-coming technology companies
that demonstrated exceptional growth between 1997 and 1999. Copper
Mountain's revenues grew 53,324 percent, from $211,000 to $112.7
million, during the three-year period.
Deloitte announced its Rising Star Awards in connection with its
announcement of 50 technology companies selected for recognition by
the firm's Silicon Valley Technology Fast 50 program. The Fast 50
program annually identifies the Silicon Valley's 50 fastest growing
companies, based their revenue growth over the previous five years. In
announcing this year's results, Deloitte noted that Copper Mountain's
three-year revenue growth exceeded the five-year revenue growth of
top-ranked Fast 50 winner Yahoo! Inc.'s of 43,085 percent.
"We are pleased that Deloitte & Touche -- one of the country's
foremost professional services firms -- has recognized Copper Mountain
as the fastest growing company in Silicon Valley," said Rick Gilbert,
president and CEO of Copper Mguntain Networks. "This award has special
meaning to our employees, who have worked very hard to develop highly
reliable best-in-class DSL products and bring them quickly to market
in an extraordinarily fast-moving and competitive industry."
"Today, there are more than 22,000 technology companies in the
United States, many of whom are competing for the same markets here in
the states and worldwide," said Roy Avondet, who is a partner in
charge of Deloitte and Touche's high-technology services practice in
San Jose, Calif. "The winners for Silicon Valley have proven that they
can compete successfully by consistently delivering technological
wonders. We at Deloitte & Touche commend Copper Mountain Networks for
having the vision and determination to become the fastest growing
technology company in Silicon Valley."
Accepting the award on behalf of Copper Mountain, vice president
of marketing Bryan Long thanked Deloitte and Touche and commented, "It
is truly amazing what can happen when a terrific team consistently
delivers technological innovation in the midst of a market
transformation. The end sser demand for DSL has been phenomenal, and
there is no end in sight."
About Copper Mountain Networks
Copper Mountain Networks, Inc. (Nasdaq:CMTN) develkps 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(R) CPE family addresses the bandwidth, reliability,
ease-of-use, and cost concerns of remote offices and users. Its
CopperEdge(R) and OnPrem(TM) 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 Richard Washbourne at 650/687-3380 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, risks related to
integrating the operations and products of OnPrem Networks with our
own operations and product offerings, risks related to our rapid
growth, 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 Annual
Report on Form 10-K for the year ended December 31, 1999 and other
reports and filings made with the Securities and Exchange Commission.
Note to Editors: Copper Mountain and all Copper Mountain product
names are trademarks of Copper Mountain Networks, Inc. Other brand and
product names are trademarks of their respective holders.
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CONTACT:
Copper Mountain Networks, Inc.
Richard Washbourne, 650/687-3380
rwashbourne@coppermountain.com
Diana Helfrich, 650/687-3314
dhelfrich@coppermountain.com |
