Centillium Communications Confirms Revenue and Earnings Guidance for the Remainder of Fiscal 2001.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--May 11, 2001 In response to recent restructuring developments at Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , including the closure of its 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 division, Centillium Communications, Inc. (Nasdaq:CTLM CTLM Imaging Computed tomography laser mammography A diagnostic technique using lasers to produce a 3-D cross-sectional image of the breast without x-rays. See Mammography. ) today confirmed its previous revenue and earnings guidance for the remainder of fiscal 2001. Although Centillium was awarded several design wins for solutions incorporating Centillium's DSL chipsets from Nortel, these products never reached production, and therefore, Centillium did not incorporate any potential product revenue into its current operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. and projections. As previously stated, the company anticipates reporting revenue of $42 million in its second quarter, $46 million in its third quarter, and $50 million in its fourth quarter of fiscal 2001. Fully diluted pro forma earnings pro forma earnings Income not necessarily calculated in accordance with generally accepted accounting principles. For example, a company might report pro forma earnings that exclude depreciation expense and nonrecurring expenses such as restructuring costs. of $0.05, $0.08, and $0.10 per share are expected in the second, third, and fourth quarters of fiscal 2001, respectively. The Company expects to report second quarter 2001 financial results in mid-July. About Centillium Communications Centillium Communications, Inc. is combining technical innovation and customer commitment to make broadband communications a market reality. Centillium consistently delivers value to its customers by providing broadband networking systems for applications across all market segments. The Company designs and markets communications chipset solutions for central office equipment, digital loop carrier In telephone communications, a technology that increases the number of channels in the local loop by converting analog signals to digital and multiplexing them back to the end office. line cards, and customer premise equipment for the Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL), Voice-over-Packet (VoP) and Premise Networking markets. Centillium Communications, Inc. is headquartered at 47211 Lakeview Blvd., Fremont, CA 94538. Additional information is available at www.centillium.com. Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements based on a variety of risks and uncertainties, including the risks and uncertainties relating to actual quantities and timing of any orders received under the contract and the successful development and market acceptance of Centillium's new products. The Company assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. Information about potential factors that could affect Centillium's financial results is included in Centillium's most recent 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. , on file with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion