Com21 Preannounces First Quarter Revenue

Apr 03, 2001, 01:00 ET from Com21, Inc.

    MILPITAS, Calif., April 3 /PRNewswire/ -- Com21, Inc. (Nasdaq:   CMTO), a
 global supplier of systems solutions for the broadband access market, today
 announced that first quarter revenues for the three months ending
 March 31, 2001 will be between $30 and $32 million.
     Craig Soderquist, Com21 president and CEO, commented, "As we described in
 our mid-quarter conference call, the cable operators' industry-wide inventory
 rebalancing continued from last year into the first quarter, impacting our
 revenues, as well as those of everyone else in our sector."
     The Company also announced a teleconference to report its financial
 results for the first quarter, scheduled April 19, 2001 at 5:00 p.m. Eastern
 Daylight Time (10:00 p.m. Greenwich Mean Time).
     Added Soderquist, "During the conference call we will provide additional
 details regarding our financial outlook, along with actual results.  In
 addition, we will report on actions taken during the first quarter designed to
 cut costs and improve our financial position."
 
     Access details for the conference call are as follows:
 
      Date:                  April 19, 2001
      Time:                  5:00 p.m. EDT, 4:00 p.m. CDT, 3:00 p.m. MDT,
                             2:00 p.m. PDT
      Dial-in numbers:       913-981-5508 - International
                             800-289-0437 - Toll free
      Pass Code:             516785
      Simultaneous Webcast:  http://www.com21.com
 
     An audio replay will be available at 1-888-203-1112 or 1-719-457-0820
 (international) using pass code 516785 from 8:00 p.m. EDT April 19 through
 midnight May 3, 2001.
 
     About Com21, Inc.
     Com21, Inc. (www.com21.com) is a leading global supplier of system
 solutions for the broadband access market.  The Company's DOCSIS, DVB, and
 ATM-based products enable cable operators and service providers to deliver
 high-speed, cost-effective Internet and telephony applications to corporate
 telecommuters, small businesses, home offices, and residential users.  As of
 December 31, 2000, Com21 has shipped over 1.2 million cable modems worldwide,
 along with over 1,400 headend controllers.  Com21 systems offer commercial
 service in cable systems passing 17 million households worldwide.
     Com21 is an ISO 9001 registered company with over 450 employees worldwide.
 The Company's corporate headquarters is located in Milpitas, California, USA,
 with its European headquarters in Delft, The Netherlands.  In addition, Com21
 maintains research and development facilities in Ireland, Israel, Maryland,
 and New York, as well as sales and support offices in the United States and
 Canada, Europe, Asia, and Latin America.
 
     Safe Harbor Act Clause
     This press release contains forward-looking information within the meaning
 of Section 27A of the Securities Act of 1933 and Section21E of the Securities
 Exchange Act of 1934, and is subject to the safe harbors created by those
 sections.
     This press release contains forward-looking statements related to revenue
 results for the first quarter of 2001.  Actual results may differ materially
 due to a number of factors, including the completion of the accounting close,
 and management's estimates for sales returns.  The matters discussed in this
 press release may also involve risks and uncertainties concerning Com21's
 products and services described in Com21's filings with the Securities and
 Exchange Commission (SEC).  In particular, see the risk factors described in
 the Company's most recent Form 10-K.  Com21 assumes no obligation to update
 the forward-looking information contained in this press release.
     NOTE:  Com21(R) is a registered trademark of Com21, Inc., Milpitas,
 California, U.S.A.  All other trademarks are the property of their respective
 owners.
 
 

SOURCE Com21, Inc.
    MILPITAS, Calif., April 3 /PRNewswire/ -- Com21, Inc. (Nasdaq:   CMTO), a
 global supplier of systems solutions for the broadband access market, today
 announced that first quarter revenues for the three months ending
 March 31, 2001 will be between $30 and $32 million.
     Craig Soderquist, Com21 president and CEO, commented, "As we described in
 our mid-quarter conference call, the cable operators' industry-wide inventory
 rebalancing continued from last year into the first quarter, impacting our
 revenues, as well as those of everyone else in our sector."
     The Company also announced a teleconference to report its financial
 results for the first quarter, scheduled April 19, 2001 at 5:00 p.m. Eastern
 Daylight Time (10:00 p.m. Greenwich Mean Time).
     Added Soderquist, "During the conference call we will provide additional
 details regarding our financial outlook, along with actual results.  In
 addition, we will report on actions taken during the first quarter designed to
 cut costs and improve our financial position."
 
     Access details for the conference call are as follows:
 
      Date:                  April 19, 2001
      Time:                  5:00 p.m. EDT, 4:00 p.m. CDT, 3:00 p.m. MDT,
                             2:00 p.m. PDT
      Dial-in numbers:       913-981-5508 - International
                             800-289-0437 - Toll free
      Pass Code:             516785
      Simultaneous Webcast:  http://www.com21.com
 
     An audio replay will be available at 1-888-203-1112 or 1-719-457-0820
 (international) using pass code 516785 from 8:00 p.m. EDT April 19 through
 midnight May 3, 2001.
 
     About Com21, Inc.
     Com21, Inc. (www.com21.com) is a leading global supplier of system
 solutions for the broadband access market.  The Company's DOCSIS, DVB, and
 ATM-based products enable cable operators and service providers to deliver
 high-speed, cost-effective Internet and telephony applications to corporate
 telecommuters, small businesses, home offices, and residential users.  As of
 December 31, 2000, Com21 has shipped over 1.2 million cable modems worldwide,
 along with over 1,400 headend controllers.  Com21 systems offer commercial
 service in cable systems passing 17 million households worldwide.
     Com21 is an ISO 9001 registered company with over 450 employees worldwide.
 The Company's corporate headquarters is located in Milpitas, California, USA,
 with its European headquarters in Delft, The Netherlands.  In addition, Com21
 maintains research and development facilities in Ireland, Israel, Maryland,
 and New York, as well as sales and support offices in the United States and
 Canada, Europe, Asia, and Latin America.
 
     Safe Harbor Act Clause
     This press release contains forward-looking information within the meaning
 of Section 27A of the Securities Act of 1933 and Section21E of the Securities
 Exchange Act of 1934, and is subject to the safe harbors created by those
 sections.
     This press release contains forward-looking statements related to revenue
 results for the first quarter of 2001.  Actual results may differ materially
 due to a number of factors, including the completion of the accounting close,
 and management's estimates for sales returns.  The matters discussed in this
 press release may also involve risks and uncertainties concerning Com21's
 products and services described in Com21's filings with the Securities and
 Exchange Commission (SEC).  In particular, see the risk factors described in
 the Company's most recent Form 10-K.  Com21 assumes no obligation to update
 the forward-looking information contained in this press release.
     NOTE:  Com21(R) is a registered trademark of Com21, Inc., Milpitas,
 California, U.S.A.  All other trademarks are the property of their respective
 owners.
 
 SOURCE  Com21, Inc.