ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

SMRA Somera Communications (MM)

0.00
0.00 (0.00%)
After Hours
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Somera Communications (MM) NASDAQ:SMRA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Somera Communications to Serve as Primary Vendor for Refurbished Network Equipment for Major European Wireless Carrier

15/09/2005 1:00pm

PR Newswire (US)


Somera Communications (NASDAQ:SMRA)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Somera Communications Charts.
Relationship Seen as a Foundation for Services Offering in Europe DALLAS, Sept. 15 /PRNewswire-FirstCall/ -- Somera Communications (NASDAQ:SMRA), a global provider of telecommunications asset management services, today announced that one of the largest wireless carriers in Europe has established Somera as its primary vendor for procuring quality refurbished network equipment. Somera has already booked more than $750,000 in brokerage revenue during the third quarter of 2005 with this carrier and expects this relationship to provide a consistent stream of brokerage transactions in future quarters. "We are very pleased to establish this new relationship, as it represents the first significant integration of refurbished telecom equipment in this particular wireless carrier's network," said David Heard, CEO of Somera. "Their selection of Somera as the primary vendor for refurbished equipment is the result of our global reach, financial resources, and customer service that combine to produce significant value for our customers. We have also had discussions with this carrier regarding RecoveryPLUS(TM) and our other asset management services and expect our relationship with them to grow and expand," said Mr. Heard. "We believe this agreement in the European market is representative of positive trends that we expect to see throughout our business in the region," stated Peter Lyne, EMEA Managing Director of Somera. "We believe that Europe's economic environment, reporting requirements, and increasing 'green' reuse legislation combine with the clear financial benefits Somera offers to network operators to set the stage in Europe for services such as RecoveryPLUS to have a positive impact." About Somera Somera launched its family of Lifecycle Management Services in 2004 in response to an industry-wide need for telecom asset management to optimize return on assets. Somera's product offerings enable service providers to generate greater value from legacy assets in the form of lower operating costs, longer product life, higher productivity, and real measurable capital savings. With Somera LifecyclePLUS, customers can outsource elements of network operations, logistics, and technical service. Somera RecoveryPLUS(TM) is a program approach to deliver documented savings and expense relief by recovering hidden value in current underutilized assets and inventories. Somera RepairPLUS provides comprehensive support for wireless, wireline, and data products at significant savings and reduced cycle times. These services are in addition to Somera's traditional Brokerage business that provides immediate availability of quality, warranted new and refurbished equipment at savings of 25 to 60%. Founded in 1995, Somera has developed an impressive base of over 1,100 customers worldwide, including the industry leaders from each segment of the telecommunications market. Visit Somera on the web at http://www.somera.com/. This news release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about the expected revenue from the wireless carrier referenced in this release and the performance of the Company's brokerage business globally in the current and future periods. Actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements contained in this release, including, but not limited to, general economic conditions particularly affecting the telecommunications industry; capital equipment spending levels in the telecommunications industry, including the risk of continued customer spending delays associated with carrier consolidation; the impact of competition in the market for supplying equipment and equipment lifecycle management services to telecommunications operators; the risk of potential shortage of product supply; and Somera's ability to build its lifecycle management services capabilities; and other factors fully described in the company's reports to the Securities and Exchange Commission (SEC), including but not limited to, the Annual Report on Form 10-K for the fiscal year ended December, 31, 2004, and Quarterly Reports on Form 10-Q. The company does not undertake to update any forward-looking statements that may be made by or on behalf of the company. Copies of Somera's Securities & Exchange Commission filings may be obtained by contacting Financial Relations Board at 617-520-7064 or by visiting the Investor section of Somera's web site at http://www.somera.com/. DATASOURCE: Somera Communications CONTACT: Tricia Ross of Financial Relations Board, +1-617-520-7064, , for Somera Communications Web site: http://www.somera.com/

Copyright

1 Year Somera Communications Chart

1 Year Somera Communications Chart

1 Month Somera Communications Chart

1 Month Somera Communications Chart

Your Recent History