As part of the restructuring,
Commenting on the announcement,
A key element of the reorganization process was combining the broadband, wireline and fiber optics operations into a single business which mirrors the convergence of the industry. This new structure has resulted in the elimination of duplications and redundancies in the organization, including eliminating the position of chief operating officer. The key functional areas will now report to the CEO.
"This new executive alignment will allow Sunrise Telecom to better focus
the management team's efforts to achieve profitable growth, and deliver
world-class solutions to its customers," said
About Sunrise Telecom Incorporated
Sunrise Telecom develops and delivers high-quality communications test and
measurement solutions for today's telecom, cable and wireless networks. The
Company's robust portfolio of feature-rich, easy-to-use products enables
service providers to deliver premium voice, video, data and next-generation
digital multimedia services quickly, reliably, and cost-effectively. Based in
SUNRISE TELECOM, the "S" logo, and other trademarks are trademarks of Sunrise Telecom Incorporated and may not be used without permission.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the
Securities Act of 1933, including, but not limited to, statements concerning
the new corporate structure, management team and its effectiveness. These
forward-looking statements are subject to many risks and uncertainties that
could cause actual results to differ materially from those projected. Specific
factors that may cause results to differ include the following: a lack of
acceptance or slower than anticipated acceptance for Sunrise Telecom's new or
enhanced products and modules; slower than anticipated product development or
introduction into the marketplace; unanticipated delays in product delivery
schedules; lower than anticipated end-user demand for telecommunications
services and a corresponding cutback in spending by customers; increased
competitive pressures, including from former employees; rapid technological
change within the telecommunications industry; Sunrise Telecom's dependence on
a limited number of major customers; Sunrise Telecom's dependence on limited
source suppliers; deferred or lost sales resulting from order cancellations or
order changes; deferred or lost sales resulting from Sunrise Telecom's lengthy
sales cycle; unanticipated difficulties associated with international
operations; Sunrise Telecom's ability to manage growth and slowdowns;
disproportionately high compliance costs relative to Sunrise Telecom's size;
time spent by management reviewing strategic and financial alternatives to
make the Company more successful; ineffective internal controls requiring
remediation; the long-term impact of cost controls; the unknown effects of
management changes; the loss of key employees; the ramifications of Sunrise
Telecom's inability to file required reports with the SEC on a timely basis;
any potential claims or proceedings related to such matters, including
stockholder litigation and any action by the SEC; and protracted litigation,
which could disrupt Sunrise Telecom's normal business operations. Some of
these risks and uncertainties are described in more detail in Sunrise
Telecom's reports filed with the SEC, including, but not limited to, its
Annual Report on Form 10-K for the period ended
SOURCE Sunrise Telecom Incorporated