Alliance Fiber Optic Products Announces Preliminary Fourth Quarter Net Sales; Q4 2004 Results to Exceed Revenue Guidance.SUNNYVALE, Calif. -- Alliance Fiber Optic Products, Inc. (Nasdaq:AFOP AFOP Alliance Fiber Optic Products, Inc. AFOP Association of Farmworker Opportunity Programs AFOP Association Française des industries de l'Optique et de la Photonique AFOP and for other purposes AFOP acute fibrinous and organizing pneumonia ) today announced its preliminary net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the quarter ended December 31, 2004. These results are subject to change as a result of final management review and closing adjustments for the quarter and fiscal year end. For the fourth quarter of 2004, the Company expects to report net sales of approximately $4.5 million exceeding previously stated revenue guidance in the third quarter conference call. The Company's higher than anticipated net sales in the fourth quarter of 2004 primarily reflected stronger than expected bookings in the fourth quarter. A more detailed review of fourth quarter results as well as the outlook for the first quarter of 2005 will be provided when complete fourth quarter and fiscal year end results are announced on a conference call at 2:30 p.m. (Pacific) on January 31, 2005. Per an earlier announcement, please note the time of the call has been revised from the original time of 1:30 p.m. A listen-only broadcast of the conference call can be accessed on the Company's website at www.afop.com or by calling 800-374-0514 (reservation# 3520635). The conference call will also be available via instant replay and on the Company website following the call. The dial in for the instant replay is 800-642-1687 or 706-645-9291. About AFOP Founded in 1995, Alliance Fiber Optic Products, Inc. designs, manufactures and markets a broad range of high performance fiber optic components and integrated modules. AFOP's products are used by leading and emerging communications equipment manufacturers to deliver optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. systems to the long-haul, metropolitan and last mile access segments of the communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. . AFOP offers a broad product line of passive optical components including interconnect systems, couplers and splitters, thin film DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing components and modules, fixed and variable optical attenuators, and depolarizers. AFOP is headquartered in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. , with manufacturing and product development capabilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Taiwan and China. AFOP's website is located at http://www.afop.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27(a) of the Securities Act of 1933 and Section 21(e) of the Securities Exchange Act of 1934, including statements related to our expected net sales for the fourth quarter of 2004. Actual results are subject to risks and uncertainties and could differ materially from those projected. These risks and uncertainties include final determination of net sales and adjustments that may be made in connection with management review of the financial results for the fourth quarter and fiscal year end. AFOP does not undertake to update any forward-looking statements. |
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