Alliance Fiber Optic Products, Inc. (AFOP) Raises Second Quarter 2008 Revenue Guidance and Announces The Second Quarter Conferen
June 25 2008 - 8:00AM
Business Wire
Alliance Fiber Optic Products, Inc. (Nasdaq CM: AFOP), an
innovative supplier of fiber optic components, subsystems and
integrated modules for the optical network equipment market, today
raised it�s guidance for net sales for the quarter ended June 30,
2008. For the 2nd quarter of 2008, the Company expects to report
net sales above $10 million, exceeding the previously stated
revenue guidance in the first quarter conference call. The
Company's higher than anticipated net sales in the second quarter
of 2008 primarily reflects stronger than expected bookings from key
customers and continuous business progress achieved in the first
half of YR2008. The Company�s quarterly profits are expected to
improve significantly, compared with the year ago quarter, as well.
A more detailed review of second quarter financial results as well
as the outlook for the third quarter of 2008 will be provided, when
complete second quarter results are discussed on a conference call
at 1:30 p.m. (Pacific) on July 23, 2008. To participate in AFOP�s
conference call, please call 877-407-9210 at least ten minutes
prior to the call in order for the operator to connect you. The
confirmation number for the call is�289639. AFOP will also provide
a live webcast of its second quarter 2008 conference call at AFOP�s
website: www.afop.com. An audio replay will be available until July
30, 2008. The dial in for the replay is 877-660-6853. The replay
pass-codes (account # 286; conference ID#: 289639) are both
required for the replay. About AFOP Founded in 1995, Alliance Fiber
Optic Products, Inc. designs, manufactures and markets a broad
range of high performance fiber optic components and integrated
modules. AFOP's products are used by leading and emerging
communications equipment manufacturers to deliver optical
networking systems to the long-haul, enterprise, metropolitan and
last mile access segments of the communications network. AFOP
offers a broad product line of passive optical components including
interconnect systems, couplers and splitters, thin film DWDM
components and modules, fixed and variable optical attenuators, and
depolarizers. AFOP is headquartered in Sunnyvale, California, with
manufacturing and product development capabilities in the United
States, Taiwan and China. AFOP's website is located at
http://www.afop.com. Except for the historical information
contained herein, the matters set forth in this press release,
including statements as to future market demand, the factors that
resulted in our revenue growth, and the sustainability of those
factors in future periods, future revenue growth, and our
expectations regarding second quarter 2008 results, including our
expectations regarding our second quarter 2008 revenues, are
forward looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially,
including, but not limited to, general economic conditions and
trends, the impact of competitive products and pricing, timely
introduction of new technologies, timely design acceptance by our
customers, the acceptance of new products and technologies by our
customers, order trends and customer demand, the timing of customer
orders, loss of key customers, ability to ramp new products into
volume production, industry-wide shifts in supply and demand for
optical components and modules, industry overcapacity, failure of
cost control initiatives, financial stability in foreign markets,
and other risks detailed from time to time in our SEC reports,
including AFOP's quarterly report on Form 10-Q for the quarter
ended March 31, 2008. These forward-looking statements speak only
as of the date hereof. AFOP disclaims any intention or obligation
to update or revise any forward-looking statements.
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