Zoom Telephonics Reports Results
for the Second Quarter Ending 6/30/00
July 27, 2000 - Zoom Telephonics, Inc. (NASDAQ: ZOOM),
a leading manufacturer of modems and other data communications
products, today reported sales of $13.3 million for its second
quarter ending June 30, 2000.
U.S. retail sales revenues for dial-up modems declined year
over year in the first six months of 2000 compared to 1999,"
said Frank Manning, Zoom's President and CEO. "For example,
PC Data reported that total retail dial-up modem dollar sales
at major U.S. retailers were down 25% in 2000 compared to
1999 in the April-June quarter. Zoom performed better than
that, continuing to increase its USA market share for both
our Zoom and Hayes brands. We believe that increased market
share will be a significant advantage to us later this year
and in the following years as new V.92 dial-up modem standard
products, with significantly increased web browsing speeds,
and broadband cable and DSL modem products re-ignite the retail
modem sales channel."
Zoom's second quarter 2000
sales were down 16% from $15.8 million in the second quarter
of 1999. Zoom reported a net loss of $937 thousand or $.12
per share for the second quarter of 2000, versus a net loss
of $719 thousand or $.10 per share for the second quarter
Last week Zoom announced that two of the
Company's cable modems, the Zoom CableModem PCI internal and
the Zoom CableModem 10baseT external, received CableLabs®
certification. Zoom's PCI cable modem is one of only two internal
cable modems ever certified by CableLabs, who called the PCI
certifications "a major breakthrough" for the industry
in their July 20, 2000 press release.
made a major commitment to broadband," said Frank Manning.
"We plan to introduce additional cable modem products,
including a USB external model, along with a line of DSL products,
broadband gateways, and high-speed wireless and home phoneline
networking products. Our mission is to be a one-stop source
for products that provide broadband access and extend the
broadband connection throughout the home and office, and we
are extremely well positioned to meet this goal. Zoom is financially
strong, with superb engineering, efficient operations, and
great market channels."
Zoom ended the quarter
with a strong balance sheet, with a current ratio of 7.0,
cash and investment securities of $10.5 million or $1.37 per
share, and stockholders' equity of $4.80 per share.
For additional information, please contact:
207 South Street
Boston, Massachusetts 02111
Telephone: (617) 423-1072
e-mail address: email@example.com.
Zoom's World Wide Web site is www.zoomtel.com