|
|
Article: Paradyne Reports Q4 and Year-End 2000 Results.
- Article from:
- Business Wire
- Article date:
- February 7, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
LARGO, Fla.--(BUSINESS WIRE)--Feb. 7, 2001
Paradyne Networks Inc. (Nasdaq:PDYN), a leader in broadband access systems, today reported that it met its fourth quarter, 2000 broadband revenues and earnings expectations due in large part to its diversification of products and customers. A shortfall in narrowband revenues contributed to total company revenues that were slightly below expectations. Paradyne's pro forma net loss for the fourth quarter 2000, excluding deferred stock compensation, goodwill amortization and a business restructuring charge, was $694,000 or ($0.02) per share, which is in line with previously provided guidance. This ...