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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (473)	2/25/1998 5:17:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

HUDSON, Mass., Feb. 25 /PRNewswire/ -- ACT Manufacturing, Inc. (Nasdaq: ACTM) announced that it has temporarily postponed reporting operating results for the fourth quarter of 1997 and for the full year. Internal systems and procedures have identified a significant shortfall in the inventory which is currently expected to have a material impact on the operating results. The Corporation has deferred the release of financial results while it continues to investigate the inventory shortfall. Depending upon the insurability of this shortfall, the associated adjustments may affect the full year 1997 profitability of the Corporation. John A. Pino, President and Chief Executive Officer, said, "We are doing everything we can to identify the cause of this situation and are taking all appropriate actions to report our operating results as quickly as possible. This situation has not affected our performance or deliveries to customers in any way or our outlook for future customer service, and we remain committed to the long-term growth and profitability of the Company." ACT Manufacturing, Inc., headquartered in Hudson, Massachusetts, provides value added electronics manufacturing services for original equipment manufacturers ("OEMs") in the networking, computer, telecommunications, industrial and medical equipment markets. The Company provides OEMs with complex printed circuit board ("PCB") assembly primarily utilizing advanced surface mount technology ("SMT"), mechanical and molded cable and harness assembly, electro-mechanical sub-assembly, and total system and integration. This Press Release contains forward-looking statements which are made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. In particular, statements regarding the anticipated announcement of the Corporation's 1997 fourth quarter and full-year operating results, potential inventory adjustments, the availability, amount and timing of insurance, the Corporation's future performance for customers, and the operating plans and objectives of management should be considered forward-looking and subject to certain risks and uncertainties which could cause actual results to differ materially. In addition to risks associated with the Corporation's ongoing internal investigation and completion of the Corporation's 1997 fourth quarter and full-year financial statements and related audit, the Corporation's periodic reports filed with the Securities and Exchange Commission, including the Corporation's annual report on Form 10-K for the period ending December 31, 1996 and quarterly reports on Form 10-Q for the first, second and third quarters of 1997, detail some important risk factors that could cause actual results to differ materially from any forward-looking statements. For more information on ACT Manufacturing, via fax at no charge, please dial 1-800-PRO-INFO and enter ticker ACTM. SOURCE ACT Manufacturing, Inc. /CONTACT: Douglass C. Greenlaw, Chief Financial Officer of ACT Manufacturing, 978-562-8046; or Doug DeLieto, general, Carolynne O'Grady, analyst, or Alicia Nieva-Woodgate, media, of The Financial Relations Board, 212-661-8030, for ACT Manufacturing/ (ACTM)