COO Howard A. Thrailkill To Continue Expanded Duties.Business Editors HUNTSVILLE, Ala.--(BUSINESS WIRE)--Jan. 4, 2001 ADTRAN, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 : ADTN ADTN Administrative Data Transmission Network ADTN Administrative Data Telecommunications Network ) today announced that its 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. , Howard A. Thrailkill, will continue to perform the duties of Mark C. Smith, Chairman and Chief Executive Officer, while Mr. Smith undergoes continuing treatment for cancer in his throat. Mr. Thrailkill assumed these expanded duties in June of 2000. Mr. Smith stated, "Howard, who is a veteran member of management, has assumed many of my duties at the Company in excellent fashion during my absence. I have great confidence in the entire management team at ADTRAN, and I look forward to rejoining them once my treatment is successfully complete. In the interim, our stockholders, including me, can take comfort in knowing that the Company is in capable hands." 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. that reflect management's best judgment based on factors currently known. However, these statements involve risks and uncertainties including the successful development and market acceptance of new products, the degree of competition in the market for such products, the product and channel mix, component costs, manufacturing efficiencies, and other risks detailed in our annual report on 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 year ended December 31, 1999. Such risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements included in this press release. |
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