| HICKORY, N.C., May 22 /PRNewswire-FirstCall/ -- CommScope, Inc.
(NYSE: CTV) Chairman and Chief Executive Officer Frank Drendel will
review the Company's growth opportunities and raise CommScope's
second quarter 2006 financial guidance when he meets with investors
and speaks at the Lehman Brothers Worldwide Wireless and Wireline
Conference this morning. The Company is not changing its previously
announced, calendar-year 2006 financial guidance.
Drendel will tell investors that he believes CommScope's
business outlook remains positive. "Based on strong sales and order
trends in April, we now expect second quarter 2006 sales to be in
the $400-$420 million range," stated Drendel. "While material costs
remain volatile, we now believe that we can achieve a second
quarter operating margin in the 7.5%-8.5% range, excluding special
items." The Company's previous second quarter 2006 guidance was
revenues of $390-$410 million and operating margin of 7.0%-8.0%,
excluding special items.
Drendel plans to discuss CommScope's leadership position in
cable and connectivity solutions for the "last mile" of
telecommunications. He will highlight the Company's strengthening
global Enterprise business and its cutting-edge SYSTIMAX(R)
GigaSPEED(R) X10D solution, which is a copper-based solution
designed to support emerging 10 Gigabit Ethernet requirements.
Drendel will also discuss how competition between service providers
continues to drive demand for CommScope's Broadband cable products
and environmentally secure cabinets.
Investors are invited to listen to an audio webcast of the
presentation at 9:00 a.m. by visiting our website,
http://www.commscope.com, and selecting the "Presentations" link in
the Investor Relations section or going directly to the website
address:
http://customer.talkpoint.com/LEHM002/052206a_cs/default.asp?entity=Commscope.
The presentation will be archived on CommScope's website for a
limited period of time.
CommScope is a world leader in the design and manufacture of
"last mile" cable and connectivity solutions for communication
networks. Through its SYSTIMAX(R) Solutions and Uniprise(R) brands
it is the global leader in structured cabling systems for business
enterprise applications. It is 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, revenues, margins, accretion, earnings, global
manufacturing initiatives, recent product-line acquisition,
synergies and other financial items relating to CommScope 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 by the use
of certain terms and phrases, including but not limited to
"intends," "intend," "intended," "goal," "estimate," "estimates,"
"expects," "expect," "expected," "expectations," "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, but are not limited to, changes in cost
and availability of key raw materials and our ability to recover
these costs from our customers through price increases; the
challenges of executing our previously announced global
manufacturing initiatives; the integration and expected synergies
related to the acquisition of the MC2(R) product line from Trilogy
Communications, Inc.; customer demand for our products and the
ability to maintain existing business alliances with key
Enterprise, Broadband and Carrier customers or distributors;
competitive pricing and acceptance of our products; industry
competition and the ability to retain customers through product
innovation; possible production disruption due to supplier
bankruptcy, reorganization or restructuring; successful ongoing
operation of our vertical integration activities; the possibility
of further restructuring actions; possible future impairment
charges for fixed or intangible assets; increased obligations under
employee benefit plans; ability to achieve expected sales, growth
and earnings goals; ability to achieve expected benefits from
future acquisitions; costs of protecting or defending our
intellectual property; ability to obtain capital on commercially
reasonable terms; adequacy and availability of insurance; costs and
challenges of compliance with domestic and foreign environmental
laws; variability in expected tax rate; product performance issues
and associated warranty claims; 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 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, which are available on CommScope's website or
at www.sec.gov. 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.
CONTACT:
Investor Relations
Phil Armstrong
+1-828-323-4848
Media Relations
Betsy Lambert, APR
+1-828-323-4873
Both of CommScope, Inc.
|