PPT Slide
Forward-Looking Statements:
This presentation contains predictions, estimates and other forward-looking statements regarding the revenue outlook for the fourth quarter of 2001, the projected pro forma net loss for the fourth quarter of 2001, the projected cash outflow for the fourth quarter of 2001, planned reductions in the company’s expense structure by the end of 2002, the company’s plan to effect a significant work force reduction, the company’s plan to transfer more production offshore to support a further consolidation of its U.S. manufacturing operations, and the company’s goal to achieve profitability at $25 million in quarterly revenue. These statements are subject to risks and uncertainties and actual results may differ materially from any future performance suggested. The risks and uncertainties include the difficulty of forecasting anticipated revenues due to weakness and uncertainties related to general economic conditions and overall demand within the telecommunications industry, inventory levels within the industry, sudden and unexpected order reductions and cancellations by customers, lower backlog of customer orders, and potential pricing pressures that may arise from supply-demand conditions within the industry; the high sensitivity of the size of the company’s net loss to its level of revenue due to the fixed and/or project oriented nature of its expenses; the challenge of managing inventory levels during periods of weakening demand; the difficulty of achieving anticipated cost reductions due to unforeseen expenses, including costs arising from the consolidation of the company’s manufacturing operations, that may arise in future quarters; the difficulty of achieving anticipated cost reductions due to an inability to reduce expenses without jeopardizing product development schedules; any unforeseen delays in completing the development of the company’s new products on a timely basis and achieving sufficient production to generate volume revenues; the company’s ability to gain customer acceptance of its new products; and the company's ability to generate future revenue from new products commensurate with prior investments in research and development activities.
Other risk factors that may affect the company’s financial performance are listed in the company’s fiscal year 2000 10-K annual report and most recent 10-Q quarterly report on file with the SEC. New Focus undertakes no obligation to publicly release any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof of to reflect the occurrence of unanticipated events.