Brightpoint Updates Revenue and Earnings Estimates and Announces First Quarter 2002 Earnings Conference Call.Business Editors/Technology Writers INDIANAPOLIS--(BUSINESS WIRE)--April 29, 2002 Brightpoint, Inc. (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 :CELL) announced today that earnings for the quarter ended March 31, 2002, would be below the expectations disclosed in the Company's press release dated April 1, 2002. Full results for the quarter ending March 31, 2002 will be announced May 2, 2002. For the first quarter of 2002, Brightpoint expects to report revenue of approximately $339 million (previously estimated on April 1, 2002 at a range of $325 million to $330 million). The Company estimates a net loss per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the at a range of $0.10 to $0.11 per diluted share (previously estimated on April 1, 2002 at a range of $0.04 to $0.06). The Company estimates a net loss at a range of $0.26 to $0.28 per diluted share (previously estimated at a range of $0.23 to $0.25). The above results reflect the adoption of Statement of Financial Accounting Standards No. 144, Accounting for the Impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. or Disposal of Long-Lived Assets, in the first quarter of 2002. Brightpoint will announce its financial results for the quarter ended March 31, 2002 on Thursday, May 2, 2002 at approximately 4:00 p.m. (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of time). At 5:00 p.m. (New York time) on Thursday, May 2, 2002, Brightpoint will conduct a conference call to provide further detail on the Company's financial performance. Representing Brightpoint, Inc. will be Robert J. Laikin, Chairman and Chief Executive Officer, J. Mark Howell, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and Frank Terence, Executive Vice President and Chief Financial Officer. The Company will comment on both operations and financial results and will answer participant questions. The conference call can be accessed through the Investors section of the Company's website at www.brightpoint.com. For those who prefer to join the conference call telephonically, please use the following information and dial in several minutes prior to the start of the call: U.S. toll-free dial-in number 800.289.0493 International dial-in number +1.913.981.5510 The conference call will be archived on the Company's website for a period of fifteen (15) days after the call. Brightpoint is one of the world's largest distributors of mobile phones. Brightpoint supports the global wireless telecommunications and data industry, providing quickly deployed, flexible and cost effective third party solutions. Brightpoint's innovative services include distribution, channel management, fulfillment, eBusiness solutions and other outsourced services that integrate seamlessly with its customers. Additional information about Brightpoint can be found on its website at www.brightpoint.com or by calling its toll-free Investor Relations Investor relations The process by which the corporation communicates with its investors. Information line at 877-IIR-CELL (877-447-2355). Certain information in this press release may contain 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. regarding future events or the future performance of Brightpoint. These statements are only predictions and actual events or results may differ materially. Please refer to the documents the Company files, from time to time, with the Securities and Exchange Commission; specifically, Brightpoint's most recent 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 Exhibit 99, thereto there·to adv. 1. To that, this, or it. 2. Archaic In addition to that; furthermore. thereto Adverb Formal 1. to that or it 2. . These documents contain and identify important risk factors that could cause the actual results to differ materially from those contained in or implied by these forward-looking statements. These risk factors include, without limitation, changes in estimates and judgments inherent in the preparation of the final financial statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date these statements were made. Brightpoint undertakes no obligation to update any forward-looking statements contained in this press release. |
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