CommScope, Inc. (NYSE: CTV), the world leader in coaxial cable, today
reaffirmed that investors should expect strong third-quarter 1998
performance, consistent with analyst expectations.
"We expect improving sequential sales and margins for the third quarter
of 1998 due to the strengthening domestic cable television business and
due to our aggressive cost reduction initiatives," said Frank M.
Drendel, CommScope Chairman and CEO. "While we are cautious about the
near-term international outlook, we remain optimistic about our overall
"CommScope is well positioned to serve the telecommunications industry
because we believe that Hybrid-Fiber-Coaxial (HFC) networks are the most
cost- effective way to bring video, voice and high-speed Internet access
to homes around the world," added Drendel.
CommScope is the world's largest manufacturer of coaxial cable and is a
leading supplier of high-performance cables for LAN and other
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 relating to CommScope's relative market
position, sales, margins, and earnings. 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 development
in technology, pricing and acceptance of CommScope's products, changes
in raw material costs, industry competition, international economic
conditions, cable television industry capital spending, the proposed
AT&T/TCI merger and other factors. The cautionary statements contained
in CommScope's Form 10-Q for the quarter ended June 30, 1998 are
incorporated herein by reference.
Visit CommScope on our web site -- www.commscope.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding CommScope's
business which are not historical facts are "forward-looking statements"
that involve risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in the
Company's Annual Report or Form 10-K for the most recently ended fiscal