Microtest(R) First Quarter Revenue to Be Below Expectations

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

    PHOENIX, April 3 /PRNewswire/ -- Microtest(R), Inc. (Nasdaq:   MTST),
 announced today that revenue and net results for its 2001 first quarter will
 be below the Company's prior expectations.  The Company currently expects
 revenue for the 2001 first quarter to range between $9.5 million and
 $10 million, with a loss per share to range from $0.07 to $0.10.
     Revenue for both Network Test & Measurement and Network Appliances &
 Storage products has been impacted by the uncertain business climate and a
 slowdown in IT spending.
     Vincent C. Hren, President and CEO stated, "Economic weakness resulted in
 revenues below our expectations.  The tougher competitive environment is also
 creating pricing pressures in our NAS division.
     "Our efforts are focused on increasing our volume in all markets.  To that
 end, we have released several new products, the OMNIScanner(TM) LT and
 OMNIFiber(TM) SM, during the first quarter.  During the second quarter, we
 expect new test products to be introduced in both our network diagnostics and
 MicroTools(TM) lines, as well as, the next generation of our FileZerver(TM),"
 added Mr. Hren.
     "Despite the challenging environment, we believe our products provide our
 customers with cost-effective productivity tools to solve their networking
 problems.  We have a long legacy of products with superior technologies.  We
 expect these technologies, together with the strength of our balance sheet, to
 enable us to weather these challenging times," concluded Mr. Hren.
     The Company expects to report earnings for the first quarter and provide
 an outlook for the future on Thursday, April 19, 2001.
 
     About Microtest
     Microtest's purpose is to bring people and information together with
 innovative technology that simplifies evolving networks.  Microtest is a
 leader in network test and measurement products such as OMNIScanner(TM)2,
 PentaScanner(R), CertiFiber(R), and OMNIFiber(TM), and network appliance and
 storage products such as FileZerver(TM), DiscZerver(TM), and LinuxZerver(TM).
 Headquartered in Phoenix, Microtest has international offices in Munich,
 Germany; Crawley, United Kingdom; Beijing, China; Sao Paulo, Brazil;
 Guadalajara, Mexico and Singapore.  Visit Microtest at www.microtest.com.
 
     This press release includes statements, which may constitute
 forward-looking statements made pursuant to the safe harbor provision of the
 Private Securities Litigation Reform Act of 1995.  These statements which are
 typically characterized by words as "expect," "believe," anticipate," and the
 like (and in this release include references to revenue and earnings
 expectations, new product introductions, potential future revenue growth and
 the Company's financial condition), are subject to risks and uncertainties
 that could cause actual results to differ materially from the forward-looking
 statements.  Factors which would cause or contribute to such differences
 include, but are not limited to, factors detailed in our Securities and
 Exchange Commission filings, and include risks associated with the highly
 competitive nature of the industries in which we compete, the potential for
 downturns in economic or market conditions in the various regions of the world
 that we sell our products, currency fluctuations, the rapidly changing
 technology environment in which we compete, our ability to successfully
 develop and market products and services on an on-going basis (including to
 solutions integrators and other customers), and the actual success of new
 products described in this release.
 
 

SOURCE Microtest, Inc.
    PHOENIX, April 3 /PRNewswire/ -- Microtest(R), Inc. (Nasdaq:   MTST),
 announced today that revenue and net results for its 2001 first quarter will
 be below the Company's prior expectations.  The Company currently expects
 revenue for the 2001 first quarter to range between $9.5 million and
 $10 million, with a loss per share to range from $0.07 to $0.10.
     Revenue for both Network Test & Measurement and Network Appliances &
 Storage products has been impacted by the uncertain business climate and a
 slowdown in IT spending.
     Vincent C. Hren, President and CEO stated, "Economic weakness resulted in
 revenues below our expectations.  The tougher competitive environment is also
 creating pricing pressures in our NAS division.
     "Our efforts are focused on increasing our volume in all markets.  To that
 end, we have released several new products, the OMNIScanner(TM) LT and
 OMNIFiber(TM) SM, during the first quarter.  During the second quarter, we
 expect new test products to be introduced in both our network diagnostics and
 MicroTools(TM) lines, as well as, the next generation of our FileZerver(TM),"
 added Mr. Hren.
     "Despite the challenging environment, we believe our products provide our
 customers with cost-effective productivity tools to solve their networking
 problems.  We have a long legacy of products with superior technologies.  We
 expect these technologies, together with the strength of our balance sheet, to
 enable us to weather these challenging times," concluded Mr. Hren.
     The Company expects to report earnings for the first quarter and provide
 an outlook for the future on Thursday, April 19, 2001.
 
     About Microtest
     Microtest's purpose is to bring people and information together with
 innovative technology that simplifies evolving networks.  Microtest is a
 leader in network test and measurement products such as OMNIScanner(TM)2,
 PentaScanner(R), CertiFiber(R), and OMNIFiber(TM), and network appliance and
 storage products such as FileZerver(TM), DiscZerver(TM), and LinuxZerver(TM).
 Headquartered in Phoenix, Microtest has international offices in Munich,
 Germany; Crawley, United Kingdom; Beijing, China; Sao Paulo, Brazil;
 Guadalajara, Mexico and Singapore.  Visit Microtest at www.microtest.com.
 
     This press release includes statements, which may constitute
 forward-looking statements made pursuant to the safe harbor provision of the
 Private Securities Litigation Reform Act of 1995.  These statements which are
 typically characterized by words as "expect," "believe," anticipate," and the
 like (and in this release include references to revenue and earnings
 expectations, new product introductions, potential future revenue growth and
 the Company's financial condition), are subject to risks and uncertainties
 that could cause actual results to differ materially from the forward-looking
 statements.  Factors which would cause or contribute to such differences
 include, but are not limited to, factors detailed in our Securities and
 Exchange Commission filings, and include risks associated with the highly
 competitive nature of the industries in which we compete, the potential for
 downturns in economic or market conditions in the various regions of the world
 that we sell our products, currency fluctuations, the rapidly changing
 technology environment in which we compete, our ability to successfully
 develop and market products and services on an on-going basis (including to
 solutions integrators and other customers), and the actual success of new
 products described in this release.
 
 SOURCE  Microtest, Inc.

RELATED LINKS

http://www.rcgstockinfo.com/companies/mcrtst.html