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Technology Stocks : Catapult Communications Inc (CATT) -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (181)	1/29/2004 8:08:54 PM
From: dvdw©	Read Replies (1) \| Respond to of 184

Donny you stalking Me? Here the earnings I didnt forget...will follow up after CC, which I will hear tomorrow at 5AM. Catapult Communications Reports Increased Revenues and Earnings for First Quarter Fiscal Year 2004 MOUNTAIN VIEW, Calif., Jan 29, 2004 /PRNewswire-FirstCall via Comtex/ -- Catapult Communications Corporation (Nasdaq: CATT) today reported revenues and net income for its first fiscal quarter ended December 31, 2003. Total revenues for the quarter were $11.0 million, compared to revenues of $10.4 million reported for the comparable quarter a year ago. Net income for the first fiscal quarter was $915,000 or $0.07 per diluted share, compared to net income of $111,000 or $0.01 per diluted share in the first fiscal quarter of 2003. "During the first quarter of this fiscal year, we saw a modest improvement in year-over-year revenue and a significant improvement in earnings in the absence of the acquisition related costs that were material a year ago. Cash and short-term investments grew more than $2 million during the quarter to $33 million. Our strong balance sheet provides us with the solid foundation that has enabled us to maintain our position as the leader in digital telecom test systems," said Dr. Richard A. Karp, Chairman and CEO. BUSINESS OUTLOOK The second fiscal quarter ending March 31 has historically been the Company's strongest quarter, due to Japanese end-of-fiscal-year revenues. The Company currently expects that revenues in the second quarter of fiscal 2004 will be $14.5 million and that net income per diluted share will be $0.18. Catapult Communications will be discussing its first quarter results on a conference call today, beginning at 5:15 p.m. Eastern/2:15 p.m. Pacific. The toll-free access number for the call is 800-901-5241. International and local participants can dial 617-786-2963. Please reference Catapult Communications or reservation number 70094392. The conference call will also be available on the Internet from the Investor section of the Company's website, www.catapult.com. An online replay of this teleconference will be available on the Company's website. A digital recording will also be available two hours after the completion of the conference call until February 12, 2004. For access, please dial 888-286-8010 or 617-801-6888 and enter reservation number 78056520. ABOUT CATAPULT Catapult Communications is the leading provider of advanced digital telecom test systems to global equipment manufacturers and service providers including Ericsson, Lucent, Motorola, NEC, NTT DoCoMo and Nortel. Catapult's DCT2000(R) and MGTS(R) systems deliver test solutions for hundreds of protocols and variants-spanning 3G, VoIP, GPRS, SS7, Intelligent Network, ATM, ISDN and other network environments. The Company is committed to providing testing tools that are at the forefront of the telecom technology curve. Catapult is headquartered at 160 South Whisman Road, Mountain View, CA 94041. Tel: 650-960-1025. International offices are located in the U.K., Germany, France, Finland, Canada, Japan and Australia. Information about Catapult Communications can be found on the Web at www.catapult.com. FORWARD LOOKING STATEMENTS The statement in this press release regarding the Company's expected revenues and net income for its second fiscal quarter is a forward-looking statement. This statement is subject to various risks and uncertainties that could cause actual results to differ from those forecasted. Such risks include the Company's dependence on a limited number of customers and the resulting effect of delays or cancellations by such customers of their orders; inability by the Company to meet its production and/or product development schedules; the demand for telecommunications equipment in general, and, in particular, for software-based telecommunications test systems; and new and enhanced product offerings by competitors. For other factors that may cause actual results to differ from those projected, please refer to the Company's Form 10-K, Forms 10-Q and other filings with the Securities and Exchange Commission.