Datalink Corporation Revises Third Quarter Outlook; Live Webcast of Conference Call at 4:30 PM Central Time today, September 29, 2003.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Sept. 29, 2003 Datalink Corporation Datalink Corporation (NASDAQ: DTLK) is an American data storage corporation with operations throughout the United States. The company engages in the design, installation, and support of data storage infrastructures that store, protect, and provide continuous access to (Nasdaq:DTLK), a leading independent information storage architect, today presented a revised outlook for the period ending September 30, 2003. Datalink expects revenue for the September 2003 quarter to be approximately $20 million, with a loss before income taxes of approximately $2.1 million or $.21 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. In the same period a year ago, Datalink posted revenues of $21.9 million and a pretax loss pretax loss A loss reported before tax benefits are considered. of $1.5 million and net loss after tax benefit of $.09 per diluted share. Datalink's loss per share estimate in the current quarter does not assume any tax benefit of the operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. . Greg Meland, Datalink's president and 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. , commented, "Datalink's lower third quarter expectations are a result of timing of customer orders due to greater than expected seasonal slowness in July and August and several large orders which could not be fully implemented before quarter end." Meland commented on the Company's fourth quarter prospects, "We expect improved operating results in the fourth quarter of 2003. Datalink remains well positioned to serve its customers with unrivaled storage expertise and an experienced sales and technical team." Datalink declined at this time to issue new operating results guidance for the balance of 2003. The Company plans to issue its third quarter press release on October 15, 2003. Webcast A live Webcast of the Datalink conference call to discuss operating results is scheduled for today, September 29, 2003 at 4:30 p.m. Central Time and can be heard via Datalink's Website, www.datalink.com. Datalink Corporation is an information storage architect. The company analyzes, designs, implements, and supports information storage infrastructures that store, protect, and provide continuous access to information. Datalink's specialized capabilities and solutions span storage area networks, network-attached storage See NAS. , direct-attached storage Direct-attached storage (DAS) refers to a digital storage system directly attached to a server or workstation, without a storage network in between. It is a retronym, mainly used to differentiate non-networked storage from SAN and NAS. , and IP-based storage, using industry-leading hardware, software, and technical services. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for certain 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. . This press release contains forward-looking statements, including our internal projections of anticipated third quarter 2003 operating results, which reflect our views regarding future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties, including those identified below, which could cause actual results to differ materially from historical results or those anticipated. The words "aim," "believe," "expect," "anticipate," "intend," "estimate" and other expressions which indicate future events and trends identify forward-looking statements. Actual future results and trends may differ materially from historical results or those anticipated depending upon a variety of factors, including, but not limited to: the level of continuing demand for storage, including the effects of current economic conditions; competition and pricing pressures and timing of our installations that may adversely affect our revenues and profits; fixed employment costs that may impact profitability if we suffer revenue shortfalls; revenue recognition policies that may unpredictably defer reporting of our revenues; our ability to hire and retain key technical and sales personnel; our dependence on key suppliers; our ability to adapt to rapid technological change; risks associated with possible future acquisitions; fluctuations in our quarterly operating results; future changes in applicable accounting rules; and volatility in our stock price. |
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