Audiovox Communications Corp. -ACC- Shows Industry's Strongest Growth in CDMA Handset Sales.HAUPPAUGE, N.Y.--(BUSINESS WIRE)--July 13, 1999-- Sales of Code Division Multiple Access (CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. ) wireless phones by Audiovox Communications Corp. (ACC See adaptive cruise control. ), a subsidiary of Audiovox Corp. (AMEX AMEX See: American Stock Exchange : VOX), surged during the first quarter of 1999, yielding ACC a 16.2 percent share of the CDMA market, according to Dataquest, Inc., a unit of Gartner Group, Inc. According to the Dataquest results, Audiovox showed the strongest sales growth among the top seven CDMA handset manufacturers. Audiovox placed second overall in sales of code division multiple access phones for the first three months of 1999, up from fourth place at 10.6 percent share of the CDMA market at year end 1998, according to Dataquest. "Smart, aggressive marketing campaigns by the CDMA carriers have advanced the demand for CDMA technology considerably," said ACC 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. Philip Christopher. "The Dataquest results confirm that Audiovox's strategy of creating products that meet the specific needs of wireless service carriers is on target. We listen better and can respond faster because we are, in effect, a manufacturer without a factory. We source the latest technology and best products from those most capable of providing what the carriers need." Audiovox's latest CDMA entry is the CDM-4000 and CDM-4000XL, the company's second-generation CDMA dual mode cellular phone. Sleek and light, the feature-rich CDM-4000 series phones weigh just 4.5 ounces but offer, among other state-of-the art features, a large four-line LCD display and a 950 mAH Lithium Ion battery for up to 190 minutes of talk time and 170 hours of digital standby time. The CDM-4000 phones utilize the latest MSM MSM - Micronetics Standard MUMPS 3000 chipset and 13 kilobit (thousand bits). For technical specifications, it refers to 1,024 bits. In general usage, it typically refers to an even one thousand bits (see kilo). Also Kb, Kbit and K-bit. See space/time. (unit) kilobit - 2^10 = 1024 bits of storage (1 Kb). vocoder (VOice CODER) Same as speech codec. (communications) vocoder - Hardware or software which implements a compression algorithm particular to voice. technologies to provide cutting-edge functionality as well as state-of-the-art voice quality. Audiovox Communications Corp. (ACC), a subsidiary of Audiovox Corporation (VOX), is one of the leading suppliers of wireless products with more than 15 years experience in the wireless industry. ACC markets its products under the brand "Audiovox" or private labels for its customer base. ACC has operations and sales offices in 10 countries and, through its customer base, markets and distributes product in 42 countries on six continents. Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks such as market volatility, non-availability of product, price and product competition and new product introductions. These factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements, including those risks detailed from time to time in the Company's reports on file at the Securities and Exchange Commission, including the Company's 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. for the fiscal year ended November 30, 1998. |
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