Benchmark Electronics, Inc.
"The current economic environment has continued to impact the demand from our OEM customers across all sectors. We are experiencing a high level of activities in quotations and new product introductions. These activities are expected to have a strong positive impact on our revenues when they are transitioned into production. In the near term, we are continuing to adjust our cost structure to address the current downturn while maintaining our infrastructure to support long-term growth," stated Cary T. Fu, President.
This news release contains certain forward-looking statements within the scope of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words "expect," "estimate," "anticipate," "predict," and similar expressions, and the negatives of such expressions, are intended to identify forward-looking statements. Although the Company believes that these statements are based upon reasonable assumptions, such statements involve risks, uncertainties and assumptions, including but not limited to industry and economic conditions, customer actions and the other factors discussed in Benchmark's Form 10-K for the year ended December 31, 2000 and its other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.
Benchmark Electronics, Inc. is in the business of manufacturing electronics and provides its services to original equipment manufacturers of telecommunication equipment, computers and related products for business enterprises, video/audio/entertainment products, industrial control equipment, testing and instrumentation products, personal computers and medical devices. Benchmark's global operations include 16 facilities in six countries. Benchmark's Common Stock trades on the New York Stock Exchange under the symbol BHE.
Contacts: Cary T. Fu President Or Gayla J. Delly Chief Financial Officer (979) 849-6550
SOURCE: Benchmark Electronics, Inc.
Contact: Cary T. Fu, President, or Gayla J. Delly, Chief Financial
Officer, both of Benchmark Electronics, Inc., 979-849-6550