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To: puborectalis who wrote (29446)	6/26/2001 7:28:14 AM
From: puborectalis	Respond to of 37746

Kopin Provides Update On Second-Quarter Business Outlook TAUNTON, Mass.--(BUSINESS WIRE)--June 26, 2001--Kopin Corporation (Nasdaq: KOPN - news), a leading provider of III-V products and miniature flat panel displays, today announced its revised business outlook for the second quarter of 2001. For the three months ending June 30, 2001, the Company expects revenue to be in the range of $8.7 million to $9.2 million. Kopin expects its net loss, excluding one-time adjustments, to be in the range of $0.20 to $0.23 per share. Kopin will record a net gain on the sale of investments of approximately $20 million, and an impairment charge of approximately $5 million associated primarily with the write-down of equipment. Including these one-time adjustments, Kopin expects net income to be approximately breakeven. ``As we discussed during our first-quarter conference call, weakness in the wireless and broadband markets was expected to be severe this quarter, and we anticipated that second-quarter revenues from our III-V products would be down as much as 50% sequentially from the first quarter,'' said Dr. John C. C. Fan, Kopin's president and chief executive officer. ``However, demand was softer than we had predicted as our larger customers continue to work through excess inventories. On the positive side, our newer customers have ordered more in the quarter than we originally anticipated, but those orders will not be enough to offset an overall decline.'' ``As many of our peers have reported, conditions in the communications sector are very challenging, and visibility remains poor,'' continued Dr. Fan. ``Despite these near-term circumstances, we remain confident in our III-V business and expect a turnaround to begin later this year. During the quarter, we have announced supply agreements with two new customers and are shipping products to these customers. We also continue to make exciting technological advances in the development of our InP and GAIN HBTs. These investments and our strong balance sheet position Kopin to take advantage of significant growth opportunities when the wireless and broadband sectors recover. On the CyberDisplay side, demand remains strong, and new applications continue to emerge for our state-of-the-art display technology. As a result, we remain comfortable with our second-quarter revenue expectation of approximately 40% sequential CyberDisplay revenue growth from the first quarter.'' Kopin will host a conference call this morning, June 26, 2001 at 8:45 a.m. ET, to discuss this announcement. To participate in the conference call, please dial 913-981-5508. If you are unable to participate in the live call, a replay will be available for your convenience beginning at noon ET today, extending through midnight July 2. The dial-in number for the replay is 719-457-0820, passcode 532454. Today's call will also be Webcast live on the investor relations section of Kopin's Web site, www.kopin.com.