To: Peter J Hudson who wrote (8611 ) 12/21/2000 9:57:38 AM From: slacker711 Read Replies (2) | Respond to I'm not real familair with this company....but Brightpoint warned today. Herb Greenberg pointed the following out....More on this Brightpoint which is very important: Brightpoint has bragged that it is Nokia's biggest customer; Nokia, in turn, is huge for Brightpoint, accounting for 40% of last quarter's sales. This call is VERY bad for the whole channel. Essentially the biggest quarter for cell phones has passed and it is a dud. Or so it seems. hg biz.yahoo.com ``As has recently been announced by many other wireless and technology companies, demand during the 2000 holiday season in the United States was well below what we had expected, and slower seasonally than we have seen in the past,'' stated Robert J. Laikin, Chairman and Chief Executive Officer of Brightpoint, Inc. ``We believe this is due, at least in part, to economic uncertainties in the U.S. market causing lower than anticipated demand. We also believe that our results were dampened by price reductions made by certain manufacturers designed to counteract this slowness in the U.S. market.'' Brightpoint, Inc. is a leading provider of outsourced services in the global wireless telecommunications and data industry. Brightpoint's innovative services include contract manufacturing, customized packaging, prepaid and e-commerce solutions, inventory management, distribution and other outsourced services. Brightpoint's customers include leading network operators, e-tailers, retailers and wireless equipment manufacturers. Additional information about Brightpoint can be found on its website at www.brightpoint.com or by calling its toll-free Investor Relations Information line at 877-IIR-CELL (877-447-2355).
