| HICKORY, N.C., March 16, 2005 /PRNewswire-FirstCall via COMTEX/
-- CommScope, Inc. (NYSE: CTV) executives plan to meet with
investors in New York City today to discuss the company's recent
performance, its competitive strengths and long- term
opportunities.
CommScope Chairman and Chief Executive Officer Frank M. Drendel
plans to tell investors that he believes the Company is strongly
positioned for future opportunity. He also plans to tell investors
that he is optimistic about first quarter 2005 performance.
"February 2005 sales were stronger than we anticipated," stated
Drendel. "In addition, our previously announced price increases
have somewhat offset rising material costs. As a result, we now
believe that our sales and operating performance will be near the
top of our previous first-quarter 2005 guidance, which was sales
around $280-$300 million and operating margin in the 1%-2% range,
excluding special charges."
CommScope has not changed its financial guidance for calendar
year 2005, which was sales of $1.2-$1.3 billion and operating
margin of 5.0%-5.5%, excluding special charges.
About CommScope
CommScope (NYSE: CTV) ( http://www.commscope.com ) is a world
leader in the design and manufacture of 'last mile' cable and
connectivity solutions for communication networks. Through our
SYSTIMAX(R) Solutions(TM) and Uniprise Solutions(TM) brands we are
the global leader in structured cabling systems for business
enterprise applications. We are also the world's largest
manufacturer of coaxial cable for Hybrid Fiber Coaxial (HFC)
applications. Backed by strong research and development, CommScope
combines technical expertise and proprietary technology with global
manufacturing capability to provide customers with high-performance
wired or wireless cabling solutions.
Forward-Looking Statements
This press release contains forward-looking statements
regarding, among other things, the business position, plans,
transition, outlook, margins, revenues, earnings, synergies and
other financial items relating to CommScope, and integration and
restructuring plans related to CommScope's acquisition of
substantially all of the assets and certain liabilities of
Connectivity Solutions ("the acquisition") that are based on
information currently available to management, management's beliefs
and a number of assumptions concerning future events. These
forward-looking statements are identified, including, without
limitation, by their use of such terms and phrases as "intends,"
"intend," "intended," "goal," "estimate," "estimates," "expects,"
"expect," "expected," "project," "projects," "projected,"
"projections," "plans," "anticipates," "anticipated," "should,"
"designed to," "foreseeable future," "believe," "believes,"
"think," "thinks" and "scheduled" and similar expressions.
Forward-looking statements are not a guarantee of performance and
are subject to a number of uncertainties and other factors that
could cause the actual results to differ materially from those
currently expected. The potential risks and uncertainties that
could cause actual results of CommScope to differ materially
include, without limitation, the challenges of integration and
restructuring associated with the acquisition of Connectivity
Solutions or any future acquisition, including cost reduction plans
at CSMI's Omaha, Nebraska facility; the challenges of achieving
anticipated synergies; the ability to retain qualified employees
and existing business alliances; maintaining satisfactory
relationships with represented employees; customer demand for our
products, applications and services; expected demand from major
domestic MSOs; telecommunications industry capital spending;
ability to maintain successful relationships with our major
distributors; industry consolidation; ability of our customers to
secure adequate financing to fund their infrastructure projects or
to pay us; changes or fluctuations in global business conditions;
competitive pricing and acceptance of our products; changes in cost
and availability of key raw materials, especially those that are
available only from limited sources; ability to recover higher
material and transportation costs from our customers through price
increases; possible future impairment charges for goodwill and
other long-lived assets; industry competition and the ability to
retain customers; possible production disruption due to supplier
bankruptcy, reorganization or restructuring; variability in our
effective tax rate; our ability to obtain financing and capital on
commercially reasonable terms; covenant restrictions and our
ability to comply with covenants in our debt agreements; successful
operation of our vertical integration activities; successful
expansion and related operation of our facilities; achievement of
sales, growth and earnings goals; ability to achieve reductions in
costs; ability to retain and attract key personnel; developments in
technology; intellectual property protection; product performance
issues and associated warranties; adequacy and availability of
insurance; regulatory changes affecting us or the industries we
serve; any changes required by the Securities and Exchange
Commission in connection with its review of our public filings;
authoritative changes in generally accepted accounting principles
by standard-setting bodies; environmental remediation issues;
terrorist activity or armed conflict; political instability; major
health concerns and other factors; and any statements of belief and
any statements of assumptions underlying any of the foregoing. For
a more complete description of factors that could cause such a
difference, please see CommScope's filings with the Securities and
Exchange Commission. In providing forward-looking statements, the
Company does not intend, and is not undertaking any duty or
obligation, to update these statements as a result of new
information, future events or otherwise.
SOURCE CommScope, Inc.
Phil Armstrong, Investor Relations, +1-828-323-4848, or Betsy Lambert, APR, Media
Relations, +1-828-323-4873
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