[0] Larscom Expands International Operations; Opens Hong Kong Office, Adds Partners in Asia, Europe, and Middle East.-0- Business Editors/High-Tech Writers MILPITAS, Calif--(BUSINESS WIRE)--June 5, 2000 Larscom Inc. (Nasdaq:LARS LARS Launch and Recovery System LARS Large Animal Research Station LARS Los Angeles Riot Squad LARS Los Angeles Radiological Society LARS Light Artillery Rocket System LARS Left Add, Right Subtract (artillery fire sighting) ) -- today announced the opening of its first Asian office and the addition of partners in Asia, Europe, and the Middle East. These activities are part of the company's international growth plan announced in the fourth quarter of 1999. Larscom opened its first Asian office in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. to enhance the company's presence and support the increasing activities in the northern Pacific region. From there the company will have greater access to markets in China, Japan, Korea and Taiwan. According to Larscom officials, additional personnel are also joining its European operations in England. Recently added partnerships with distributors in Asia, Europe and in the Middle East include Wafer Systems LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability in Hong Kong, SMI (1) (Storage Management Initiative) The initiative developed by the SNIA in 2003 to create a single standard interface for storage management technologies used by multiple vendors and networking communities. Technologies, Inc. in Korea, Beijing Telecom NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Engineering in China, SEC Datacom in Denmark and ARTEC LANTEC LTD in Israel. "These accomplishments are especially encouraging," said Amin Pessah, vice president of international sales for Larscom. "Development of our international business is a major component of our strategic goals. We are fully committed to continuing this pace of expansion. By augmenting our international sales infrastructure, we are gaining access to large and growing markets for current and future Larscom network access products," he added. Larscom Incorporated develops, manufacturers and markets high-speed wide area network access equipment. Its customers include carriers, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , corporate users, and government agencies worldwide. The company is headquartered at 1845 McCandless Drive, Milpitas, Calif. 95035. For additional information, visit www.larscom.com, or phone 408/941-4000. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Any forward-looking statements in this news release are based on current expectations and beliefs and are subject to known and unknown risks and uncertainties that could cause the actual results to differ materially from those suggested. Factors that could cause actual results to differ materially include (but are not limited to), risks associated with customer concentration, the ability to hire and retain technical talent, the ability to develop successful new products, dependence on recently introduced new products and products under development, dependence on component availability from key suppliers, rapid technological change, fluctuations in quarterly operating results, a significant write down of deferred tax assets that could be required in the event of continuing lack of future profits, absence of significant backlog, risks associated with potential acquisitions, as well as additional risk factors as discussed in the "Risk Factors" section of Larscom's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. filed with the U.S. Securities and Exchange Commission. These forward-looking statements represent Larscom's judgment as of the date of this news release. Larscom disclaims, however, any intent or obligation to update these forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion