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Catapult Communications Announces Revised Third Fiscal Quarter Revenue Estimate
(Marketwire Via Acquire Media NewsEdge) MOUNTAIN VIEW, CA, July 3 / MARKET WIRE/ --
Catapult Communications Corporation
(NASDAQ: CATT) today announced that revenues for its third fiscal quarter
ended June 30, 2008 are now expected to be approximately $8.5 million,
compared to the Company's original estimate of $9.9 million.
Dr. Richard A. Karp, Catapult's Chairman and CEO, commented, "Although
third quarter revenues were only slightly better than last year, a new
technology cycle has definitely begun with the advent of the LTE wireless
standard, and there is every indication that we will be a significant
player as this cycle progresses. In the interim, we will continue to manage
costs carefully."
About Catapult Communications
Catapult Communications is a leading supplier of advanced digital telecom
test systems to global equipment manufacturers and service providers,
including Alcatel-Lucent, Ericsson, Motorola, NEC, NTT DoCoMo, Nortel and
Nokia Siemens Networks. The Catapult DCT2000? and MGTS? systems deliver
superior high-end test solutions for hundreds of protocols and variants --
spanning LTE, IMS, WiMAX, mobile telephony, VoIP, GPRS, SS7, Intelligent
Network, ATM and ISDN. The Company is committed to providing testing tools
that are at the forefront of the telecom technology curve.
Catapult is headquartered at 160 South Whisman Road, Mountain View, CA
94041. Tel: 650-960-1025. International offices are located in the United
Kingdom, Ireland, Germany, France, Finland, Sweden, Canada, Japan, China,
India and the Philippines. Information about Catapult Communications can be
found on the Web at www.catapult.com.
Forward-Looking Statements
The statements in this press release regarding the Company's expected third
fiscal quarter revenues, its cost management and its participation in a new
technology cycle are forward-looking statements. These statements are
subject to various risks and uncertainties that could cause actual results
to differ from those forecasted. Such risks include the Company's final
determination and review of its revenues for the quarter, the variable size
and timing of individual purchases by its customers and the Company's
ability to deliver products that meet customer demand for products that
address new and changing telecommunications test system requirements. For
other factors that may cause actual results to differ from those projected,
please refer to the Company's Form 10-K, Forms 10-Q and other filings with
the Securities and Exchange Commission.
For investor information contact:
Leigh Salvo
Investor Relations
(650) 314-1000ir@catapult.com
Copyright ? 2008 Marketwire
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