Airnet Communications (NASDAQ:ANCC)
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AirNet Communications Corporation (NASDAQ:ANCC), the
technology leader in software defined base station products for
wireless communications, today announced that it expects revenue for
the fourth quarter of fiscal year 2005 to be within its forecasted
range.
During the Company's fiscal year 2005 third quarter conference
call, revenue for the fourth quarter was forecasted to be in the range
of $3.5 - 5.0 million. Based on preliminary unaudited results, fourth
quarter revenue is expected to be in the range of $3.5 - 3.9 million
compared to the $6.1 million in revenue reported for the fourth
quarter of fiscal year 2004.
About AirNet
AirNet Communications Corporation is a leader in wireless base
stations and other telecommunications equipment that allow service
operators to cost-effectively and simultaneously offer high-speed
wireless data and voice services to mobile subscribers. AirNet's
patented broadband, software-defined AdaptaCell(R) SuperCapacity(TM)
adaptive array base station solution provides a high-capacity base
station with a software upgrade path to high-speed data. The Company's
RapidCell(TM) base station provides government communications users
with up to 96 voice and data channels in a compact, rapidly deployable
design capable of processing multiple GSM protocols simultaneously.
The Company's AirSite(R) Backhaul Free(TM) base station carries
wireless voice and data signals back to the wireline network,
eliminating the need for a physical backhaul link, thus reducing
operating costs. AirNet has 68 patents issued or filed and has
received the coveted World Award for Best Technical Innovation from
the GSM Association, representing over 400 operators around the world.
More information about AirNet may be obtained by visiting the AirNet
Web site at http://www.airnetcom.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
The statements contained in this press release that are not
historical information are forward-looking statements that relate to
future events or our future financial performance, including
statements regarding our expectations, beliefs, plans, estimates,
intentions or strategies for the future. Forward looking statements
include statements regarding the Company's revenue outlook. All
forward-looking statements included in this release are based upon
information available to AirNet Communications Corporation as of the
date hereof and the Company assumes no obligation to update any such
forward-looking statements. Forward-looking statements involve risks
and uncertainties, which could cause our actual results to differ
materially from those projected. Our estimate of revenue for the
fourth quarter in this press release is based on our preliminary
internally prepared unaudited financial statements. The actual amount
of revenue for the quarter may vary and will be determined in
connection with the completion by our auditors of the year-end audit
of our financial statements. Other risks are discussed in Company
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the year ended December 31, 2004 and
subsequent form 10Qs filed in 2005.
The stylized AirNet mark(R), AirNet(R), AdaptaCell(R) and
AirSite(R) are registered trademarks with the U.S. Patent and
Trademark Office. SuperCapacity(TM), RapidCell(TM) and Backhaul
Free(TM) are trademarks of AirNet Communications Corporation. Other
names are registered trademarks or trademarks of their respective
companies or organizations.