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Technology Stocks : Spectralink (SLNK) -- Ignore unavailable to you. Want to Upgrade?

To: frank doolittle who wrote (51)	1/14/2002 9:23:32 AM
From: W D J Moore	Read Replies (1) \| Respond to of 55

SpectraLink Corporation (Nasdaq: SLNK chart, msgs) announced today its preliminary results for the fourth quarter of 2001. The Company expects diluted earnings per share of $0.04 to $0.05 and revenue of approximately $14.9 million for the fourth quarter ended December 31, 2001. These numbers are below expectations because of delayed and cancelled orders in the last few days of December when a large percentage of SpectraLink sales typically occur. For calendar year 2002, estimates have been revised to reflect the soft economy and its potential influence on future business. Revenue in 2002 is forecasted to be approximately $70 million resulting in diluted earnings per share of $0.40 to $0.43. Bruce Holland, SpectraLink president and CEO, said, "SpectraLink had not been noticeably impacted by the sluggish U.S. economy during the first part of 2001. However, the continued deterioration of the overall economy adversely affected our business in the fourth quarter. Even in the presence of this economic impact, I'm encouraged that we have avoided the dramatic declines in revenue experienced by many of our peers, and preliminary numbers indicate that we have maintained strong profitability at over 11% pretax earnings with substantially positive cash from operations. We believe this performance results from a degree of resiliency that we enjoy because of the diversity of our markets." Holland went on to say, "I remain optimistic that we will see year-over-year revenue and earnings growth in 2002. This growth should be stronger in the second half of the year than in the first half of the year as our Education sector expands and the European market begins to contribute to our revenue growth."