SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 17, 2001
AirNet Communications Corporation
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-28217 59-3218138
(Commission File Number) (IRS Employer Identification No.)
100 Rialto Place, Suite 300, Melbourne, Florida 32901
(Address of Principal Executive Offices) (Zip Code)
(321) 953-6600
(Registrant's Telephone Number, Including Area Code)
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ITEM 9. REGULATION FD DISCLOSURE
On January 17, 2001, AirNet Communications Corporation held a publicly available
conference call for analysts and investors and presented its revised business
plan for 2001. During the call, the forecasted quarterly earnings per share for
2001 were unintentionally presented incorrectly. The correct forecasted
quarterly earnings per share are as follows:
o For the quarter ending March 31, 2001, the forecasted loss is expected to
be between $.59-$.61 per share.
o For the quarter ending June 30, 2001, the forecasted loss is expected to be
between $.54-$.56 per share.
o For the quarter ending September 30, 2001, the forecasted loss is expected
to be between $.45-$.47 per share.
o For the quarter ending December 31, 2001, the forecasted loss is expected
to be between $.40-$.42 per share.
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995
The statements contained in this press release that are not historical
information are forward-looking statements that relate to future events or our
future financial performance, including statements regarding our expectations,
beliefs, plans, estimates, intentions or strategies for the future. Forward
looking statements include statements regarding the transition and evolution to
high-speed data and wireless Internet services, future sales to customers and
customer deployment plans and future earnings. All forward-looking statements
included in this release are based upon information available to AirNet
Communications Corporation as of the date hereof and we assume no obligation to
update any such forward-looking statements. Forward-looking statements involve
risks and uncertainties, which could cause our actual results to differ
materially from those projected. Potential risks and uncertainties include, but
are not limited to, our limited customer base, competitive pressures that may
reduce gross margins, expansion into international markets, and credit risks
from financed customers. These and other risks are discussed in Company filings
with the Securities and Exchange Commission, including its Annual Report on Form
10-K for the year ended December 31, 1999.
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SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AirNet Communications Corporation
By: /s/ R. Lee Hamilton, Jr.
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R. Lee Hamilton, Jr.
President and Chief Executive Officer
Date: January 18, 2001
