Actiontec Revenues Jump 40% in 2001 Hitting Nearly $140 Million; Surge in Sales of DSL Modems Drive Increase.Business/High-Tech Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 29, 2002 Actiontec Electronics Actiontec Electronics, Inc. is a company headquartered in Silicon Valley, California, that designs and sells networking and broadband equipment. They are best known for the Actiontec MI424WR router that is given to Verizon customers. , Inc., a leading manufacturer of broadband-based application and Internet access See how to access the Internet. products, has reported gross revenue of nearly $140 million for the 2001 calendar year. This is close to a $40 million increase over 2000, representing a 40 percent jump during a period when many technology companies suffered significant losses due to the weak economy. The biggest contributor to the company's growth was the demand for Actiontec DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary products, including the firm's line of USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. and PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). Home DSL Modems. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Cahners In-Stat report for the third quarter of 2001, Actiontec ranked fourth among all DSL modem manufacturers, selling 200,000 modems from July to September. This was a direct result of increased sales to 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. and other on-line services. There was also a significant increase in sales of Actiontec's line of wireless networking products as more consumers opted for the freedom and convenience of wireless computing. This trend is expected to continue this year, with consumers worldwide expected to purchase 7.3 million wireless LAN nodes, according to another In-Stat study. About 4 million nodes were sold last year. With products based on 802.11 technology expected to exceed 90 percent of all wireless nodes sold this year, Actiontec will continue to develop products for this market, targeting Wi-Fi and the higher-speed 802.11a and 802.11g protocols. These products will include wireless PC cards, access points, mini-combo cards and wireless gateways. "The technology sector has been hit hard by the economic downturn, but we have been able to maintain and even build our business because we have concentrated on core infrastructure products that businesses and consumers need regardless of economic conditions," said Dean Chang, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Actiontec Electronics. "Based on the business we currently have in the pipeline and the predictions of rising demand for wireless networking products, we believe that we will have an equally successful year in 2002." About Actiontec Initially known for its analog modems, Actiontec Electronics, Inc. is making significant strides in the broadband marketplace. The company's product line now includes a complete line of DSL, Router, Wireless LAN, Internet Telephony, and Analog devices. Actiontec products have been recognized with a Best of Show award at Retail Xchange, Editors Choice awards from CNET's computers.com and homePCnetwork.com, and Top 100 Products of the Year from Computer Shopper. Actiontec products are available through national distribution, retail outlets, and Actiontec's online store as well as through private label and Tier 1 OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and relationships. The company is headquartered in Sunnyvale, CA, and maintains branch offices in Arlington, VA; Austin, TX; Colorado Springs, CO; Irvine, CA; Reading, United Kingdom; Hong Kong; Shanghai, China; and Taiwan. For more information, phone 408-752-7700, fax 408-541-9003, or visit http://www.actiontec.com. |
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