Larscom provides outlook on second quarter results.
SANTA CLARA Santa Clara, city, Cuba
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--July 1, 1997--Larscom Inc. (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 :LARS LARS Launch and Recovery System
LARS Large Animal Research Station
LARS Los Angeles Riot Squad
LARS Los Angeles Radiological Society
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LARS Left Add, Right Subtract (artillery fire sighting) ) today provided an outlook on results for the second quarter ending June 30, 1997.
Revenues for the quarter are expected to be within the range of $18.9 million and $19.1 million. Earnings per share for the period are expected to be within the range of $0.13 and $0.14. Final results for the second quarter are scheduled to be announced To be announced (TBA)
A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. on July 22, 1997. For the second quarter ended June 30, 1996, Larscom recorded revenues of $18.8 million and earnings per share of $0.15.
Deborah Soon, president and chief executive officer, commented: "Revenues in the second quarter were slightly lower than expected due to two opportunities that did not materialize. Even with these events, broadband revenues grew 30% over the immediately preceding first quarter, and increased to 38% of overall sales compared to 28% in the second quarter of last year. The healthy margins in broadband product sales, and our on-going cost reduction efforts, are expected to favorably impact our gross margins and we are continuing to make progress leveraging SG&A expenses."
Larscom Inc. is a leading provider of high speed wide area network (WAN) access equipment. Its customers include carriers, Internet service providers Internet service provider (ISP)
Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , corporate users, and government agencies worldwide. Its products cover a wide range of transmission rates and services including full and fractional T1, E1, NxT1, NxE1, and T3, as well as frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. and ATM inverse multiplexing. To help ensure optimum network performance, Larscom products feature advanced monitoring, diagnostic, and management functions, including SNMP (Simple Network Management Protocol) A widely used network monitoring and control protocol. Data are passed from SNMP agents, which are hardware and/or software processes reporting activity in each network device (hub, router, bridge, etc. .
The company's headquarters are located at 4600 Patrick Henry Drive, Santa Clara, Calif. 95054.
Any forward-looking statements in this news release are based on current expectations and beliefs and are subject to risks and uncertainties that could cause the actual results to differ materially. Factors that could cause actual results to differ materially include customer concentration, dependence on recently introduced products and products under development, rapid technological change, no recent independent operating history, fluctuations in quarterly operating results; absence of significant backlog, as well as additional risk factors as discussed in the "Risk Factors" section of Larscom's prospectus, dated December 18, 1996, and Larscom'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.
See 10-K. filed with the U.S. Securities Exchange Commission.
CONTACT: Larscom Inc., Santa Clara
Bruce Horn, 408/988-6600
Chris Danne/Alex Williamson/Douglas Sherk, 415/296-7383
David Sasso, 212/850-5600
Josh Passman, 212/850-5698