CommScope, Inc. (NYSE: CTV) a leader in broadband and high-performance
communication cables, today held its annual stockholders meeting.
CommScope Chairman and Chief Executive Officer Frank M. Drendel told
stockholders that 1998 was an extraordinary year for the
telecommunications industry. "Key telecommunications leaders have
recognized the power of broadband coaxial cable. The AT&T/TCI merger,
the pending AT&T/MediaOne merger and ongoing investments by Microsoft
into the cable industry reaffirm our view that Hybrid Fiber Coaxial
(HFC) networks will be a leading worldwide architecture for
multi-channel video, voice and high-speed Internet access.
"We believe we've strategically positioned CommScope to serve the
rapidly expanding bandwidth needs of the telecommunications industry. As
the world's largest manufacturer of coaxial cable, we're strongly
positioned to serve our customers as they upgrade their HFC networks. We
believe that coaxial cable will become a key enabling technology to
unlock the power of the Internet as well as deliver new digital services
to millions of homes around the world," Drendel added.
In other business, stockholders: (a) re-elected as directors Edward D.
Breen (Chairman and CEO of General Instrument Corporation) and James M.
Whitson (Director of C-SPAN and other organizations, and former Chief
Operating Officer and EVP of SEI) and (b) ratified the appointment of
independent auditors for 1999.
CommScope is the world's largest manufacturer of coaxial cable and is a
leading supplier of high-performance cables for LAN, wireless 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 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 developments in technology,
pricing and acceptance of CommScope's products, international economic
conditions, cable television industry capital spending, the pending
AT&T/MediaOne merger and other factors. The cautionary statements
contained in CommScope's 1998 Form 10-K are incorporated herein by
Visit CommScope at 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