CommScope, Inc. (NYSE: CTV), a leader in broadband and high-performance
communication cables, held its annual stockholders meeting today.
CommScope Chairman and Chief Executive Officer Frank M. Drendel told
stockholders that 1999 was another exciting year for both CommScope and
the telecommunications industry. "This past year," Drendel noted, "we
strengthened our leadership position as a key enabler of cable
technology for 'Last Mile' broadband applications-for both wired and
Drendel told stockholders that he thinks CommScope is strategically
positioned for ongoing growth. "With strengthening customer demand and
an expanding portfolio of bandwidth-related cable products, we believe
we can grow sales by more than 20% during calendar year 2000.
"We're excited about our outlook because we think the telecommunications
industry is just beginning to unlock the potential of broadband Hybrid
Fiber Coaxial (HFC) networks," Drendel noted.
In other business, stockholders: (a) re-elected as directors Frank M.
Drendel (Chairman and Chief Executive Officer of CommScope) and Duncan
M. ("Lauch") Faircloth (Former U.S. Senator and private investor); (b)
approved an amendment to the Amended and Restated CommScope, Inc. 1997
Long-Term Incentive Plan; and (c) ratified the appointment of
independent auditors for 2000.
CommScope is the world's largest manufacturer of broadband coaxial cable
and is a leading supplier of high-performance fiber optic and twisted
pair cables for LAN, wireless and other communications applications.
Statements in this press release which are other than historical facts
are intended to be "forward-looking statements" within the meaning of
the Securities Exchange Act of 1934, the Private Securities Litigation
Reform Act of 1995 and other related laws, and include, but are not
limited to those statements related to sales and growth goals, customer
demand and outlook. While CommScope believes such statements are
reasonable, the actual results and effects could differ materially from
those currently anticipated. Factors and risks that could cause such
differences include, but are not limited to changes in cost and
availability of materials, successful implementation of the bimetal
operation and other vertical integration activities, successful
expansion and related operation of our facilities, effective
implementation of our integrated information system, developments in
technology, pricing and acceptance of CommScope's products, industry
competition, regulatory changes affecting our industries, international
economic conditions, telecommunications industry capital spending, and
other factors. The cautionary statements contained in Exhibit 99 to
CommScope's 1999 Form 10-K are incorporated herein by reference.
Visit CommScope at the Company's Web Site -- www.commscope.com
Web site: http: www.commscope.com