SANTA CLARA, Calif. July 18, 2011 Aviat Networks Michael Pangia Chuck Kissner
June 28, 2010 March 2009
During that time, the company has reduced costs, refocused its business, introduced new products, stabilized its top line, and streamlined operations.
"I’m delighted that the Board has expressed their confidence in me and the management team going forward," said Pangia. "We made tremendous progress over the last year on many fronts, and believe we are now well-positioned to move Aviat to the next stage. We now have a company with better operating leverage, a strong pipeline of new products, and an enthusiastic customer base. I expect the transition to be a smooth one, and look forward to reporting our Q4 FY11 and full year results in August."
"The Aviat Networks team accomplished its goals over the past year," said Kissner. "As expected, we essentially completed our fiscal 2011 restructuring program to reduce operating costs, continued to roll out innovative new products, and saw the resumption of strong demand for our products and services. We now have a strong roadmap for the future."
Fourth Fiscal Quarter 2011 Outlook
May 5, 2011 $105 million to $120 million Japan $115 million to $120 million
About Aviat Networks
The information contained in this document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 21E of the Securities Exchange Act and Section 27A of the Securities Act. All statements, trend analyses and other information contained herein about the markets for the services and products of Aviat Networks, Inc. and trends in revenue, as well as other statements identified by the use of forward-looking terminology, including "anticipates", "believe", "plan", "estimate", "expect", "goal", "will", "see", "continues", "delivering", "view", and "intend", or the negative of these terms or other similar expressions, constitute forward-looking statements. These forward-looking statements are based on estimates reflecting the current beliefs of the senior management of Aviat Networks. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Forward-looking statements should therefore be considered in light of various important factors, including those set forth in this document. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include the following:
- continued price erosion as a result of increased competition in the microwave transmission industry;
- the impact of the volume, timing and customer, product and geographic mix of our product orders;
- our ability to meet projected new product development dates or anticipated cost reductions of new products;
- customer acceptance of new products;
- the ability of our subcontractors to timely perform;
- continued weakness in the global economy affecting customer spending;
- retention of our key personnel;
- our ability to manage and maintain key customer relationships;
- uncertain economic conditions in the telecommunications sector combined with operator and supplier consolidation;
- the timing of our receipt of payment for products or services from our customers;
- our failure to protect our intellectual property rights or defend against intellectual property infringement claims by others;
- the effects of currency and interest rate risks; and
- the impact of political turmoil in countries where we have significant business.
September 9, 2010
SOURCE Aviat Networks, Inc.