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8-K - FORM 8-K - PC TEL INC | c62429e8vk.htm |
Exhibit 99.1
PCTEL Schedules Fourth Quarter Earnings
Release
Company Guides to Higher Revenue for Quarter and 2010
Release
Company Guides to Higher Revenue for Quarter and 2010
BLOOMINGDALE, IL, January 18, 2011 PCTEL, Inc. (NASDAQ:PCTI), a leader in antenna and scanning
receiver solutions, announced today it will release its financial results for the fourth quarter,
2010 on Thursday, February 24, 2011. An earnings conference call will follow the release at 5:15
p.m. Eastern Time.
In addition, the company is advising its investors and analysts that revenues were stronger than
anticipated in the fourth quarter. The revenues reflected continued strength in several vertical
markets for antenna products and a recovery in scanner OEM business from seasonally low Q3 levels
as well as scanner project wins in India and China. The company anticipates reporting
approximately $18.6 million in revenue for the fourth quarter and gross margins at or above the
upper range of previous guidance. These results are not yet audited. The company does not offer
earnings guidance.
The call can be accessed by dialing (877) 693-6682 (U.S. / Canada) or (706) 679-6397
(International) conference ID: 37532282. The call will also be webcast at
http://investor.pctel.com/events.cfm. Marty Singer, Chairman and Chief Executive Officer, and John
Schoen, Chief Financial Officer, will discuss the fourth quarter and annual 2010 financial results
and the companys business outlook. A replay will be available for two weeks after the call on
either the website listed above, or by calling (800) 642-1687 (U.S./Canada), or International (706)
645-9291 Conference ID: 37532282.
About PCTEL
PCTEL,
Inc. (NASDAQ:PCTI News), is a global leader in propagation and wireless network
optimization solutions. The company designs and develops software-based radios for wireless network
optimization and develops and distributes innovative antenna solutions. The companys SeeGull®
scanning receivers, receiver-based products and
CLARIFY® interference management solutions are used
to measure, monitor and optimize mobile networks. PCTELs SeeGull scanning receivers are deployed
in industry leading wireless test and measurement equipment and viewed as an essential wireless
data collection tool for cellular network optimization, drive tests, and spectrum clearing.
PCTEL develops and supports scanning receivers for LTE, EVDO, CDMA, WCDMA, TD-SCDMA and WiMAX
networks. SeeHawk, PCTELs latest analysis tool, facilitates the visualization of data from all of
PCTELs data collection devices.
PCTELs MAXRAD®, Bluewave and Wi-Sys antenna solutions address public safety,
military, aviation, defense and government applications; SCADA, Health Care, Energy, Smart Grid and
Agricultural applications; Indoor Wireless, Wireless Backhaul, and Cellular applications. Its
portfolio includes a broad range of WiMAX antennas, WiFi antennas, Land Mobile Radio antennas, and
precision GPS antennas that serve innovative applications in telemetry, RFID, in-building, fleet
management, and mesh networks. PCTEL provides parabolic antennas, ruggedized antennas, Yagi
antennas, military antennas, precision aviation antennas and other high performance antennas for
many applications. PCTELs products are sold worldwide through direct and indirect channels. PCTEL
Secure, a joint venture with Eclipse Design Technologies, designs Android-based, secure
communication products. For more information, please visit the companys web sites www.pctel.com,
www.antenna.com, www.antenna.pctel.com, or www.rfsolutions.pctel.com
PCTEL SAFE HARBOR
This press release contains forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Specifically, the statements regarding PCTELs Q4 revenues
reflecting continued strength in several vertical markets for antenna products and a growing demand
for scanning receivers in India and China, are forward looking statements within the meaning of the
safe harbor. These statements are based on managements current expectations and actual results may
differ materially from those projected as a result of certain risks and uncertainties, including
the ability to successfully grow the wireless products business and the ability to implement new
technologies and obtain protection for the related intellectual property. These and other risks and
uncertainties are detailed in PCTELs Securities and Exchange Commission filings. These
forward-looking statements are made only as of the date hereof, and PCTEL disclaims any obligation
to update or revise the information contained in any forward-looking statement, whether as a result
of new information, future events or otherwise.
# # #
For further information contact:
Jack Seller
Public Relations
PCTEL, Inc.
(630)339-2116
Public Relations
PCTEL, Inc.
(630)339-2116
jack.seller@pctel.com