Enterasys Networks Files Proxy for Reverse Stock Split; Special meeting of shareholders to be held on October 24, 2005
17 9월 2005 - 4:00AM
Business Wire
Enterasys Networks (NYSE: ETS), the Secure Networks Company(TM),
today announced it has filed a proxy statement with the Securities
and Exchange Commission relating to a Special Meeting of
Shareholders to be held Monday, October 24, 2005. The purpose of
the meeting is to seek shareholder approval of an amendment to the
Company's certificate of incorporation, authorizing a 1-for-8
reverse split of the Company's common stock. Only shareholders of
record as of the close of business on September 12, 2005 are
entitled to vote at this meeting. If the amendment is approved,
Enterasys expects the reverse split to become effective on October
28, 2005. About Enterasys Networks Enterasys Networks is the Secure
Networks Company, providing enterprise customers worldwide with the
industry's most up-to-date portfolio of edge-to-core networking
products, solutions and services, with award-winning policy-based
security capabilities embedded into the infrastructure. For more
information on Enterasys Secure Networks and the company's
comprehensive wired and wireless products, visit www.enterasys.com.
(ETS-F) This news release contains forward-looking statements
regarding future events, activities and financial performance, such
as management's expectations regarding future revenue and cash
flow; strategic relationships and market opportunities; product
development; and other business strategies and objectives. These
statements may be identified with such words as "we expect," "we
believe," "we anticipate," or similar indications of future
expectations. These statements are neither promises nor guarantees,
and actual future financial performance, events and activities may
differ materially. Readers are cautioned not to place undue
reliance on these statements, which speak only as of the date
hereof. We expressly disclaim any obligation to update such
statements publicly to reflect changes in the expectations,
assumptions, events or circumstances on which such statements may
be based or that may affect the likelihood that actual results will
differ materially. Some risks and uncertainties that may cause
actual results to differ materially from these forward-looking
statements include, but are not limited to: worldwide and regional
economic uncertainty and recent political and social turmoil may
continue to negatively affect our business and revenue; we have a
history of losses in recent years and may not operate profitably in
the future; our quarterly operating results may fluctuate, which
could cause us to fail to meet quarterly operating targets and
result in a decline in our stock price; we earn a substantial
portion of our revenue for each quarter in the last month of each
quarter, which reduces our ability to accurately forecast our
quarterly results and increases the risk that we will be unable to
achieve previously forecasted results; we continue to introduce new
products, and if our customers delay product purchases or choose
alternative solutions, or if sales of new products are not
sufficient to offset declines in sales of older products, our
revenue could decline, we may incur excess and obsolete inventory
charges, and our financial condition could be harmed; we may be
unable to upgrade our indirect distribution channels or otherwise
enhance our selling capabilities, which may hinder our ability to
grow our customer base and increase our revenue; we have
experienced significant changes in senior management and our
current management team has been together for only a limited time,
which could limit our ability to achieve our objectives and
effectively operate our business; there is intense competition in
the market for enterprise network equipment, which could prevent us
from increasing our revenue and achieving profitability; a portion
of the enterprises we sell to rely in whole or in part on public
funding and often face significant budgetary pressure, and if these
customers must delay, reduce or forego purchasing from us, our
revenues could be harmed; we depend upon a limited number of
contract manufacturers for substantially all of our manufacturing
requirements, and the loss of any of our primary contract
manufacturers would impair our ability to meet the demands of our
customers; and those additional risks and uncertainties discussed
in our most recent filings with the Securities and Exchange
Commission, including our Form 10-Q for the quarter ended July 2,
2005.
Enterasys (NYSE:ETS)
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Enterasys (NYSE:ETS)
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