BreezeCOM Ltd. Revises First Quarter 2001 Estimates.Business Editors/High-Tech Writers TEL AVIV, Israel & CARLSBAD, Calif.--(BUSINESS WIRE)--March 15, 2001 BreezeCOM (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BRZE), a leader in the design and manufacture of high-speed wireless access solutions, today revised its estimates for first quarter 2001 revenues and earnings and provided updated guidance for 2001 full year financial expectations. The Company said that it currently expects to report revenues for the first quarter of 2001 of $23-26 million, an increase of 47% - 67% over revenues for the first quarter of 2000 of $15.6 million. The Company also said it expects to break even for the first quarter of 2001, compared to a loss per share for the first quarter of 2000 of $(0.01). Additionally, the Company is now forecasting sales for the full year 2001 of $120 million and earnings per share of $0.15-0.20. Zvi Slonimsky, 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 BreezeCOM, said, "During the past year, we have witnessed exceptional growth with solid quarter-to-quarter results. The current economic slowdown in the United States has temporarily impacted this growth. Our sales in countries other than the United States continue to be strong and we are positioned as a global leader in the sub-11GHz broadband wireless access market. We have made successful inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ into Europe, Latin America and Asia-Pacific and we believe we are well-positioned for further growth in these markets." Mr. Slonimsky continued, "We believe that as market conditions settle down, the demand for our products will continue to grow at levels consistent with our strategic plan. BreezeCom currently has over $150 million in cash (over $5 per share), no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. on its balance sheet and expects to be profitable for the year. This strong financial position will enable us to be opportunistic during the current dislocations in the marketplace and to further improve our competitive position." Mr. Slonimsky will discuss these matters in a conference call scheduled for Thursday, March 15, 2001, at 11:00 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy . Those who wish to participate may dial (800) 370-0906 (Domestic), (973) 633-1010 (International), approximately five minutes before the call. For those unable to participate in the live call, a replay will be available from March 15 at 12:00 p.m. EST until Saturday, March 17 at 11:59 p.m. EST. To access the replay, please call (877) 519-4471 (Domestic), (973) 341-3080 (International). The access code for the replay is 2487868. The Company invites you to listen to the call live over the Web by going to the following site: www.vcall.com. About BreezeCOM BreezeCOM (NASDAQ: BRZE) is the leading provider of Broadband Wireless Access (BWA (Broadband Wireless Access) High-speed wireless access. Typically refers to wireless last mile access to the Internet. See WiMAX and broadband. ) solutions used by service providers and enterprises. Its products provide a wireless alternative to wired access solutions, such as 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 and cable modems, and facilitate indoor and outdoor, as well as fixed and mobile wireless LAN connectivity. BreezeCOM products are based on a packet switching point-to-multipoint wireless platform, optimized for high-speed Internet and intranet access. Core technologies include spread spectrum radio, digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). , modems, networking protocols and VLSI VLSI: see integrated circuit. (1) (Very Large Scale Integration) Between 100,000 and one million transistors on a chip. See SSI, MSI, LSI and ULSI. (2) (VLSI Technology, Inc., Tempe, AZ, www.semiconductors. . For more information on BreezeCOM, please visit www.breezecom.com. BreezeACCESS is a trademark of BreezeCOM, Inc. All other trade names are the properties of their respective owners. This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in demand for products, the timing and cancellation of orders and other risks detailed from time to time in BreezeCOM's filing with the Securities and Exchange Commission, including BreezeCOM's Form F-1. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide Web site at www.kcsa.com. |
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