Carrier Access Updates Guidance for Third Fiscal Quarter of 2004.BOULDER, Colo. -- The figure in the first graph should read $30.8 million (sted $30.5 million). The corrected release reads: CARRIER ACCESS UPDATES GUIDANCE FOR THIRD FISCAL QUARTER OF 2004 Carrier Access Corporation (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 : 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 leading provider of broadband communications technologies, today announced after discussions with several wireless service providers and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers, and due to industry consolidation in the wireless industry, it expects revenues for the third fiscal quarter of 2004 to decline on a sequential basis by approximately 15 to 20 percent from the $30.8 million recorded in the second fiscal quarter of 2004. Carrier Access believes discussions with its customers have resulted in increased visibility and anticipates that revenues for the fourth quarter 2004 will increase slightly quarter over quarter from revenues anticipated to be reported to be spoken of; to be mentioned, whether favorably or unfavorably. See also: Report in the third quarter. Carrier Access continues to see increased demand for its business service delivery, including Voice-over-IP (VoIP) products and believes the decrease in sales to wireless customers is a short-term event and due principally to the consolidation in the wireless mobility market in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "Consolidation among wireless service providers has resulted in what we believe is a short-term spending decline as wireless service providers constrain their capital to rationalize ra·tion·al·ize v. 1. To make rational. 2. To devise self-satisfying but false or inconsistent reasons for one's behavior, especially as an unconscious defense mechanism through which irrational acts or feelings are made to appear their networks. This is clearly affecting our top line. Although quarterly revenues are anticipated to decline from those reported in the second quarter of 2004, we believe we are well positioned to increase revenues in 2005 in the wireless market," said Roger Koenig, president, 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. and chairman, Carrier Access. "We remain focused on introducing new products for our Broadband Business Access and Wireless customers and are encouraged by customer engagements and continued trials. We continue to believe we are focused on the highest growth markets and believe we are well positioned to profitably grow our business," Koenig said. Carrier Access will be holding a conference call on October 19 to discuss its third quarter 2004 results in more detail. About Carrier Access Corporation Carrier Access (NASDAQ: CACS) provides consolidated access technology designed to streamline the communication network operations of service providers, enterprises and government agencies. Carrier Access products enable customers to consolidate and upgrade access capacity, and implement converged IP services while lowering costs and accelerating service revenue. Carrier Access' technologies help our customers do more with less. For more information, visit www.carrieraccess.com. 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 This press release contains forward-looking statements about our anticipated 2004 third and fourth quarter operating results and our prospects for growth in 2005, as well as our growth prospects in wireless and Voice over IP. We caution that our growth prospects and our actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, consolidation among our customer base, continuing uncertainty regarding general economic conditions, changes in capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. by carriers and telecommunications companies, market acceptance of our products, problems with or at our customers, distributors, OEM's and/or suppliers, growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. within our industry, the financial stability of our customers, the introduction of new competition and technologies, and other risks and uncertainties including those factors discussed in the Company's 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, 2003, and other documents periodically filed with the Securities and Exchange Commission. We do not undertake any obligation to revise or update any forward-looking statements, whether as a result of new information, future events, or otherwise. |
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