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Exhibit 99.1
[LOGO] [LETTERHEAD OF THE COOPER COMPANIES]
NEWS RELEASE
CONTACT:
NORRIS BATTIN
THE COOPER COMPANIES, INC.
[email protected]
FOR IMMEDIATE RELEASE
THE COOPER COMPANIES PRE-ANNOUNCES THIRD QUARTER RESULTS
LAKE FOREST, Calif., August 24, 2000 -- In response to recent market activity
which has triggered investor inquiries, The Cooper Companies, Inc. (NYSE: COO)
said today that for its third fiscal quarter ended July 31, 2000, it expects
revenue to increase about 17 percent over the third quarter of 1999 and earnings
per share to be at least in line with the security analysts' consensus estimate
of 55 cents.
The Company will release complete results for the third quarter before the
market opens on Wednesday, August 30 and will hold a conference call to discuss
these results at 1:30 PM Pacific Daylight Time on that date. To access the call,
dial 1-888-289-0436. A replay will be available approximately one hour after the
call ends and remain available for five days. The access code for both the live
and the replay calls is 7133800. This call will also be broadcast live on The
Cooper Companies web site, www.coopercos.com and at www.vcall.com,
www.bestcall.com and www.streetevents.com.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. To identify forward-looking
statements, look for words like "believes," "expects," "may," "will," "should,"
"seeks," "approximately," "intends," "plans," "estimates" or "anticipates" and
similar words or phrases. Discussions of strategy, plans or intentions often
contain forward-looking statements. These, and all forward-looking statements,
necessarily depend on assumptions, data or methods that may be incorrect or
imprecise.
Events, among others, that could cause actual results and future actions to
differ materially from those described by or contemplated in the forward-looking
statements include major changes in business conditions and the economy, loss of
key senior management, major disruptions in the operations of Cooper's
manufacturing facilities, new competitors or technologies, the impact of an
undetected virus on our computer
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systems, acquisition integration costs, foreign currency exchange exposure,
investments in research and development and other start-up projects, dilution to
earnings per share from acquisitions or issuing stock, regulatory issues,
significant environmental cleanup costs above those already accrued, litigation
costs, costs of business divestitures, and other factors described in Cooper's
Securities and Exchange Commission filings, including the "Business" section in
our Annual Report on Form 10-K for the year ended October 31, 1999. Cooper
cautions readers not to rely on forward-looking statements. They reflect our
analysis only on their stated date or the date of this press release. The
Company disclaims any intent or obligation to update these forward-looking
statements.
The Cooper Companies, Inc. and its subsidiaries develop, manufacture and market
specialty healthcare products. Corporate offices are located in Lake Forest and
Pleasanton, Calif. A toll free interactive telephone system at 1-800-334-1986
provides stock quotes, recent press releases and financial data. The Cooper
Companies' World Wide Web address is www.coopercos.com.
CooperVision, Inc., markets a broad range of contact lenses for the vision care
market. Headquartered in Lake Forest, Calif., it manufactures in Huntington
Beach, Calif., Rochester, N.Y., Hamble, England and Toronto. Its Web address is
www.coopervision.com. CooperSurgical, Inc., with operations in Shelton, Conn.,
Boca Raton, Fla., Montreal and Berlin, markets diagnostic products, surgical
instruments and accessories used primarily by gynecologists and obstetricians.
Its Web address is www.coopersurgical.com.
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