Gennum Corporation T.GND

Gennum Provides Update and Outlines its Vision for

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https://www.cnxmarketlink.com/en/releases/archive/October2009/28/c3264.html$0$0$0$0$0$0$0$0Attention Business Editors$0$0Gennum Provides Update and Outlines its Vision for Growth at its Investor Day Event$0$0 <<Gennum strongly positioned to capitalize on significant market expansionof high speed networks>>BURLINGTON, ON, Oct. 28 /CNW/ - Gennum Corporation ("Gennum" or the"Company") (TSX: GND) today is holding an investor day event in Toronto toprovide investors with a business update and a clear vision of the Company'sgrowth strategy, prospects and future potential.Outlining the vision for the Company during the investor day event, Dr.Franz Fink, President and Chief Executive Officer, is addressing Gennum'sleadership position in the market for high speed mixed-signal ICs for highperformance networking, storage and telecommunications applications.The general managers of Gennum's three product groups - Analog & MixedSignal Products, Optical Products and Snowbush IP, are addressing thecompelling offerings of their product portfolios. With focused strategy andexecution over the past three years, each product group has developed a strongfoundation for growth with their differentiated products and is expandingcustomer relationships, achieving leading market positioning in their productcategories."We are uniquely positioned to benefit from the high speed networkexpansion that is underway globally," said Dr. Fink. "With clear anddifferentiated technology leadership in this market, we are well positioned todeliver profitable growth in 2010 and beyond.""Long-term growth based on market fundamentals and our technologyleadership is promising," commented Mr. Gordon Currie, Senior Vice President,Finance & Administration and Chief Financial Officer. "After a couple of toughquarters during this economic downturn, visibility has significantly improved,as is evidenced by positive order trends and new customer traction."During its Investor Day event, beyond outlining its broader strategy andvision, the Company is reporting that:<<- The positive trends in bookings and order flow previously reported byGennum have continued to date, with improved visibility as lead-timesget longer.- With increasing volumes, gross margins are improving from thoseexperienced in Q3 2009.- Free cash flow is expected to improve in-line with the rest ofGennum's business, with free cash flow expected to be positive in2010.- New product introductions are showing momentum with customer wins,with new products growing as a percentage of revenue.- The Company remains committed to its previously disclosed objectivesof greater than industry revenue growth, industry leading grossmargins and delivering greater than 20% operating earnings.>>Gennum Corporation Investor EventOctober 28, 2009, 8:30 AM ETTo listen to this event, please enterhttps://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2861760 in your webbrowser.About GennumGennum Corporation designs innovative semiconductor solutions andintellectual property (IP) cores for the world's most advanced consumerconnectivity, enterprise, video broadcast and data communications products.Leveraging the company's proven optical, analog and mixed-signal products andIP, Gennum enables multimedia and data communications products to send andreceive information without compromising the signal integrity. An award winnerfor advances in high definition (HD) broadcasting, Gennum is headquartered inBurlington, Canada, and has global design, research and development and salesoffices in Canada, Mexico, Japan, Korea, Germany, United States, Taiwan, Indiaand the United Kingdom. www.Gennum.com.Caution Regarding Forward-Looking InformationThis news release contains statements which constitute forward-lookingstatements. These forward-looking statements are not descriptive of historicalmatters and may refer to management's expectations or plans. These statementsinclude but are not limited to statements concerning: Gennum's businessobjectives and plans including Gennum's corporate strategy and strategicpriorities; Gennum's future financial performance and prospects includingrevenues, gross margins and earnings; future trends in the semiconductor andintellectual property licensing industries and, in particular, market trendsfor analog and mixed-signal products, optical products and intellectualproperty products and licensing; Gennum's expectations for sales and licensingof its products in these markets including anticipated costs, sales, size,duration, growth or decline of market opportunities and competitive andpricing pressures in these markets; Gennum's product roadmap and the speed atwhich Gennum is able to introduce new products, as well as the penetration ofthese new products into the marketplace and with customers; the adoption ofnew standards in the markets in which Gennum competes and the ability ofGennum to anticipate these changes and successfully address new opportunities;sales and capital spending plans and estimates, shipment levels and operatingexpenses; exchange rate fluctuations in, and the relative values of, theCanadian dollar, the U.S. dollar and the Japanese yen; Gennum's ability tofinance its growth plans and make necessary investment; and litigation inwhich Gennum is involved.Inherent in forward-looking statements are risks and uncertainties beyondGennum's ability to predict or control including, but not limited to, risksassociated with: competitive and pricing pressures in the increasinglycompetitive environment in which Gennum operates; economic cycles in thesemiconductor industry including downturns which can result from adversegeneral economic conditions; our ability to anticipate needs for futureproducts and successfully execute our product roadmap and introduce and sellnew products, including the possibility of the emergence of disruptivetechnologies which negatively impact our positioning in the marketplace;fluctuations in foreign exchange rates and their potential adverse impact uponour financial results; our reliance on external foundries and suppliers andthe potential adverse effects of disruptions in any of these arrangements; thesuccessful integration of acquisitions; our ability to attract and retain keypersonnel necessary for our business; our ability to successfully protect ourintellectual property rights; and the initiation and outcome of legalproceedings. Readers should also refer to the sections entitled "Risks andUncertainties" in our 2008 annual report and "Risk Factors" in our annualinformation form dated February 23, 2009, as well as to our other disclosuresfiled on SEDAR at www.sedar.com.Actual results and developments are likely to differ, and may differmaterially, from those expressed or implied by the forward-looking statementscontained in this document. Such statements are based on a number ofassumptions which may prove to be incorrect including, but not limited to, thefollowing assumptions: there is no material deterioration in the business andeconomic conditions in the marketplace for Gennum's products; Gennum'sexpectations regarding market trends for analog and mixed-signal products,optical products and intellectual property products and licensing are notmaterially incorrect; Gennum is able to execute its product roadmap withoutdelays or disruptions having a material impact on Gennum; Gennum'sexpectations relating to the needs and direction of the marketplace for itsproducts are within reasonable bounds of accuracy and Gennum is able tointroduce and sell products and capitalize on new opportunities generally asexpected; material disruptions in the manufacture and supply of products andservices to Gennum by foundries and suppliers will not materialize; Gennum'sexpectations relating to competitive pressures, including pricing pressures,are not materially incorrect; significant fluctuations in foreign exchangerates which materially adversely affect Gennum's financial results do notarise; customer demand for Gennum's products remains generally as anticipated;Gennum is able to successfully integrate acquisitions; and Gennum is able tocontinue to retain and attract technical and other key employees.Readers are cautioned that the foregoing list of important factors andassumptions is not exhaustive. Forward-looking statements are not guaranteesof future performance. Events or circumstances could cause Gennum's actualresults to differ materially from those estimated or projected and expressedin, or implied by, these forward-looking statements. Consequently, readersshould not place any undue reliance on these forward-looking statements.Forward-looking statements are provided for the purpose of providinginformation about management's current expectations and plans relating to thefuture. Readers are cautioned that such information may not be appropriate forother purposes. In addition, these forward-looking statements relate to thedate on which they are made. We disclaim any intention or obligation to updateor revise any forward-looking statements or the foregoing list of factors,whether as a result of new information, future events or otherwise, except tothe extent required by law.$0$