Annual Meeting Held for CommScope Stockholders; Proxy Proposals Approved
May 06 2005 - 3:54PM
PR Newswire (US)
Annual Meeting Held for CommScope Stockholders; Proxy Proposals
Approved HICKORY, N.C., May 6 /PRNewswire-FirstCall/ -- CommScope,
Inc. (NYSE:CTV), a world leader in cable and connectivity
solutions, held its annual stockholders meeting today. CommScope
Chairman and Chief Executive Officer Frank M. Drendel told
stockholders that he believes CommScope is favorably positioned as
a global leader in "last mile" cable and connectivity solutions for
communications networks. "During 2004, we established CommScope as
a global leader in structured cabling systems for enterprise
networks and effectively doubled our size. We improved our
financial performance while extending our capabilities to support
enhanced broadband and content-rich services for the home, business
or mobile user. "We are particularly pleased with the 2004 launch
and ongoing customer demand for SYSTIMAX(R) GigaSPEED(R) X10D, our
revolutionary copper cabling system that is capable of supporting
10 Gigabit Ethernet," Drendel noted. "We remain confident about the
market opportunities ahead of us." In other business, CommScope
stockholders: (a) re-elected as directors June E. Travis and James
N. Whitson; and (b) ratified the appointment of Deloitte &
Touche LLP as the Company's independent auditor for the 2005 fiscal
year. CommScope is a world leader in the design and manufacture of
'last mile' cable and connectivity solutions for communication
networks. Through our SYSTIMAX(R) Solutions and Uniprise(TM) brands
we are the global leader in structured cabling systems for business
enterprise applications. We are also the world's largest
manufacturer of coaxial cable for Hybrid Fiber Coaxial (HFC)
applications. Backed by strong research and development, CommScope
combines technical expertise and proprietary technology with global
manufacturing capability to provide customers with high-performance
wired or wireless cabling solutions. 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 our Web
Site -- http://www.commscope.com/ DATASOURCE: CommScope, Inc.
CONTACT: Phil Armstrong, Investor Relations, +1-828-323-4848, or
Betsy Lambert, APR, Media Relations, +1-828-323-4873, both of
CommScope, Inc. Web site: http://www.commscope.com/
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