CommScope Announces New Pricing for Enterprise Products
Posted on: Monday, 12 January 2004, 06:00 CST
HICKORY, N.C., Jan. 12 /PRNewswire-FirstCall/ -- CommScope, Inc. announced today new pricing for enterprise cable products due to escalating material costs. Prices for essentially all Enterprise/Local Area Network products will be increased approximately 3 percent to 7 percent, with implementation beginning February 10, 2004.
"While we engage in vigorous cost management, many costs continue to rise," said Randall W. Crenshaw, CommScope Executive Vice President and General Manager, Network Products Group. "Prices for copper rod and polymers have increased substantially over the past 12 months.
"CommScope remains committed to providing outstanding customer service and technology leadership to our customers. We believe that recovery of escalating material costs will support a level of product and service excellence that our customers expect."
About CommScope
CommScope is the world's largest manufacturer of broadband coaxial cable for Hybrid Fiber Coaxial (HFC) applications and a leading supplier of high- performance fiber optic and twisted pair cables for LAN, wireless and other communications applications. Through its relationship with OFS, CommScope has an ownership interest in one of the world's largest producers of optical fiber and cable and has access to a broad array of connectivity components as well as technologically advanced optical fibers, including the zero water peak optical fibers used in the production of the LightScope ZWPTM and LaserCore(R) families of cable products.
This press release includes forward-looking statements that are based on information currently available to management, management's beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. For a more detailed description of the factors that could cause such a difference, please see CommScope's filings with the Securities and Exchange Commission. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.
Visit CommScope at http://www.commscope.com/
CommScope, Inc.
CONTACT: Investors, Phil Armstrong, +1-828-323-4848, or Media, BetsyLambert, +1-828-323-4873, both of CommScope
Web site: http://www.commscope.com/
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