Bel Expects to Report Record Fourth Quarter Revenue of Approximately $84 Million
January 11 2011 - 4:15PM
Business Wire
At its presentation tomorrow at the 13th Annual Needham Growth
Conference, Bel Fuse Inc. (NASDAQ:BELFA) (NASDAQ:BELFB)
expects to report that revenue for the fourth quarter ended
December 31, 2010 was approximately $84 million, a new fourth
quarter record, and for the year was approximately $303 million, an
all-time yearly high. The Company plans to report its financial
results for the fourth quarter and 2010 on February 10, 2011.
Bel will present on Wednesday, January 12, 2011 at 4:10 p.m. EST
at the New York Palace Hotel, New York City. After registration,
the live webcast and slide presentation in Windows Media Player
format can be accessed from the Investor Info link at
www.BELFuse.com. The webcast will be immediately available for
replay at this same Internet address for ninety days.
About Bel
Bel (www.belfuse.com) and its divisions are primarily engaged in
the design, manufacture, and sale of products used in networking,
telecommunications, high-speed data transmission, commercial
aerospace, military, transportation, and consumer electronics.
Products include magnetics (discrete components, power transformers
and MagJack® connectors with integrated magnetics), modules (DC-DC
converters, integrated analog front-end modules and custom
designs), circuit protection (miniature, micro and surface mount
fuses) and interconnect devices (micro, circular and filtered D-Sub
connectors, passive jacks, plugs and high-speed cable assemblies).
The Company operates facilities around the world.
Forward-Looking Statements
Except for historical information contained in this press
release, the matters discussed in this press release (principally
the Company's estimates for fourth quarter and full year revenues)
are forward looking statements that involve risks and
uncertainties. The factors that could cause actual results to
differ materially from the forward-looking statements in this press
release relate primarily to unexpected modifications that could
arise as part of the year-end audit process. Among the factors that
could generally cause the Company's results to differ materially
from its forward-looking statements are: the market concerns facing
our customers, the continuing viability of sectors that rely on our
products, the effect of business and economic conditions; capacity
and supply constraints or difficulties; product development,
commercializing or technological difficulties; the regulatory and
trade environment; risks associated with foreign currencies; the
market's acceptance of the Company's new products and competitive
responses to those new products and the risk factors detailed from
time to time in the Company's SEC reports. In light of the risks
and uncertainties, there can be no assurance that any
forward-looking statement will in fact prove to be correct. We
undertake no obligation to update or revise any forward-looking
statements.
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