Carrier Access Updates First-Quarter Outlook.Business Editors & Technology Writers BOULDER, Colo.--(BUSINESS WIRE)--March 20, 2002 Carrier Access Corporation (Nasdaq: CACS CACS Center for Advanced Computer Studies CACS Computer Audit, Control and Security CACS Carrier Access Corporation (stock symbol) CACs Criteria Air Contaminants CACS Center for Alaskan Coastal Studies CACS Coronary Artery Calcium Scoring ), a manufacturer of broadband communications, today announced that it would report lower than expected revenue and operating results for the first quarter ended March 31, 2002. The company indicated that when it reports final operating results on Tuesday, April 23, 2002, it expects to report revenue for the first quarter between $16 and $18 million. The company expects revenue and earnings to be lower than expected due to the spending constraints that have affected communications service providers. Specifically, these constraints have impacted customers whose orders, previously forecasted for the first quarter, have been significantly delayed. "Although we continue to experience the effects of the weakened communications industry, we remain confident in our position due to the transition we made during the last two years to focus on the largest customer segments in Regional Bell Operating Companies (RBOCs), wireless providers, and the cable companies," said Roger Koenig, Carrier Access' 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. . Forward-Looking Statement 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. Caution The foregoing statements regarding anticipated quarterly results are preliminary and forward looking. Final results could differ, depending upon any adjustments made during the course of the quarterly close, review of actual shipment data, expenses, and final accounting review. A number of the risks and uncertainties in our business are discussed in detail in the company's SEC reports, including the 2000 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. Report and Form 10-Q Form 10-Q See 10-Q. Report for the quarter ended September 30, 2001. About Carrier Access Carrier Access is an equipment manufacturer that helps more than 1,800 telecommunications companies accelerate revenue, lower operating costs, and extend capital budgets by applying high-performance broadband access and service creation technologies. Founded in 1992, Carrier Access serves global service providers, wireless, incumbent, and competitive carriers. Carrier Access' products are held to the highest possible reliability and interoperability standards, including OSMINE (Operations Systems Modification of Intelligent Network Elements) A system from Telcordia for verifying compatibility with Telcordia-designed operating systems. Telcordia, NEBS Level 3 and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001. For more information, visit www.carrieraccess.com. |
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