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Zoom Telephonics Reports 20% Sales Increase
In First Quarter Ending 3/31/00 Boston,
April 27, 2000 - Zoom Telephonics, Inc. (NASDAQ: ZOOM),
a leading manufacturer of modems and other data communications
products, today reported sales of $13.6 million for its first
quarter ending March 31, 2000, up 20% from $11.4 million in
the first quarter of 1999. The increase was primarily due
to higher unit sales of dial-up modems with relatively stable
average selling prices. Zoom reported a net loss of
$941 thousand or $.12 per share for the first quarter of 2000,
versus a net loss of $690 thousand or $.09 per share for the
first quarter of 1999. Zoom ended the quarter with
a strong balance sheet, with a current ratio of 8.6, cash
and investment securities of $11.4 million or $1.48 per share,
and stockholders' equity of $4.91 per share. "The
dial-up modem business remains challenging, as shown by 3Com's
recent decision to exit the business," said Frank Manning,
Zoom's President and CEO. "Zoom continues to gain market
share at retail and among value-added resellers, and our channels
will be very important as we introduce new broadband solutions
including cable and DSL modems. With reduced competition,
the upcoming V.92 standard, and international expansion of
our Zoom and Hayes brands, dial-up modems will continue to
be an important part of our business. More important, however,
is the major progress we've made in broadband and advanced
networking. We are close to shipping three different cable
modems, including USB, PCI, and Ethernet models, as well as
USB and PCI DSL modems. Soon we will also be shipping our
11 Mbps 802.11b wireless LAN product line and our 10 Mbps
home phoneline networking products. To tie it all together,
we will introduce innovative "gateway" solutions
that make it easy to use wireless and home phoneline networking
to share broadband access to the Internet. We believe that
Zoom is uniquely positioned to offer a full complement of
broadband Internet access solutions." Click here
for a Re-Broadcast of the First Quarter 2000 Earnings Conference
Call! (requires RealAudio) For additional information,
please contact: Investor Relations,
Zoom Telephonics
207 South Street
Boston, Massachusetts 02111
Telephone: (617) 423-1072
e-mail address: Investor@zoom.com.
Zoom's World Wide Web site is www.zoom.com
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