SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT: OCTOBER 26, 2000
DATE OF EARLIEST EVENT REPORTED: OCTOBER 23, 2000
COMMSCOPE, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-12929 36-4135495
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification Number)
incorporation or
organization)
1375 LENOIR RHYNE BOULEVARD,
HICKORY, NORTH CAROLINA 28602
(Address of principal executive offices)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (828) 324-2200
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Item 9. Regulation FD Disclosure.
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COMMSCOPE BALANCE SHEET AS OF SEPTEMBER 30, 2000
In response to questions from analysts after the earnings release and
discussions in the conference call on October 23, 2000, CommScope provided
historical information about the unaudited balance sheet as of September
30, 2000. The inclusion of this information in this Form 8-K is not
intended to, and does not, constitute a determination by CommScope that the
information is material, or that investors should consider that information
before deciding whether to buy or sell CommScope's securities.
Below is a condensed, consolidated, unaudited balance sheet of
CommScope as of September 30, 2000. A full set of financials will be issued
when CommScope files its Form 10-Q for the third quarter ended September
30, 2000.
CommScope, Inc.
Condensed Consolidated Balance Sheet As of September 30, 2000
(Unaudited - in thousands, except share amounts)
Assets
Cash and cash equivalents $ 5,698
Accounts receivable, less allowance for
doubtful accounts of $7,482 201,583
Inventories 60,959
Prepaid expenses and other current assets 3,086
Deferred income taxes 19,367
Total current assets 290,693
Property, plant and equipment, net 240,300
Goodwill, net of accumulated amortization of $52,788 158,011
Other intangibles, net of accumulated
amortization of $34,110 14,886
Other assets 9,893
Total Assets $713,783
Liabilities and Stockholders' Equity
Accounts payable $ 59,521
Other accrued liabilities 47,757
Current portion of long-term debt 1,323
Total current liabilities 108,601
Long-term debt 216,204
Deferred income taxes 22,285
Other noncurrent liabilities 16,267
Total Liabilities 363,357
Commitment and contingencies --
Stockholders' Equity:
Preferred stock, $.01 par value; Authorized
shares: 20,000,000; Issued and outstanding
shares: None at September 30, 2000 --
Common stock, $.01 par value; Authorized shares:
300,000,000; Issued and outstanding shares:
51,241,014 at September 30, 2000 512
Additional paid-in capital 175,456
Retained earnings 177,923
Accumulated other comprehensive loss (3,465)
Total Stockholders' Equity 350,426
Total Liabilities and Stockholders' Equity $ 713,783
SOURCE CommScope, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on behalf of the
undersigned hereunto duly authorized.
Dated: October 26, 2000
COMMSCOPE, INC.
By: /s/ Frank B. Wyatt, II
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Frank B. Wyatt, II
Vice President, General Counsel
and Secretary
