-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GTsKjF4Z+HS0g4ozecKD5HNSnze7nmpOLR2M3EzyRAH+gA4dXkvXllrVnnBKi+E6 3MFec51ErHb1SrGkBaeJWw== 0000899243-02-000992.txt : 20020415 0000899243-02-000992.hdr.sgml : 20020415 ACCESSION NUMBER: 0000899243-02-000992 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020405 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020405 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARTESYN TECHNOLOGIES INC CENTRAL INDEX KEY: 0000023071 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 591205269 STATE OF INCORPORATION: FL FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04466 FILM NUMBER: 02603210 BUSINESS ADDRESS: STREET 1: 7900 GLADES RD STE 500 CITY: BOCA RATON STATE: FL ZIP: 33434-4105 BUSINESS PHONE: 5614511000 MAIL ADDRESS: STREET 1: 7900 GLADES ROAD STREET 2: SUITE 500 CITY: BOCA RATON STATE: FL ZIP: 33434-4105 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER PRODUCTS INC DATE OF NAME CHANGE: 19920703 8-K 1 d8k.txt 05/04/2002 =============================================================================== 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): April 5, 2002 ------------- Artesyn Technologies, Inc. (Exact name of registrant as specified in its charter) Florida 0-4466 59-1205269 (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation) Identification Number) 7900 Glades Rd., Suite 500, Boca Raton, Florida 33434-4105 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (561) 451-1000 -------------- ================================================================================ Item 5. Other Events. - ------------------------- Artesyn Technologies, Inc. today announced additional guidance regarding financial results for the first quarter of 2002. A copy of the press release issued is attached to this report as Exhibit 99 and is incorporated herein by reference. Item 7. Financial Statements and Exhibits - ---------------------------------------------- (a) Financial statements of business acquired. Not applicable (b) Pro Forma Financial Information. Not applicable (c) Exhibits. Exhibit No. Description - ----------- ----------- 99 Press release issued by Artesyn Technologies, Inc. dated April 5, 2002 SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Artesyn Technologies, Inc. -------------------------- (Registrant) Dated: April 5, 2002 By: /s/ Richard J. Thompson ----------------------- Richard J. Thompson Vice President-Finance and Chief Financial Officer EXHIBIT INDEX - -------------------------------------------------------------------------------- Exhibit No. Description - -------------------------------------------------------------------------------- 99 Press release issued by Artesyn Technologies on April 5, 2002 - -------------------------------------------------------------------------------- EX-99 3 dex99.txt PRESS RELEASE EXHIBIT 99 [LETTERHEAD OF ARTESYN TECHNOLOGIES] - -------------------------------------------------------------------------------- For Immediate Release Company Contacts - ---------------- Richard Thompson Richard Leland Chief Financial Officer Director, Investor Relations (561) 451-1000 (561) 451-1028 ARTESYN UPDATES FIRST QUARTER OUTLOOK ______________________ BOCA RATON, Fla., April 5, 2002 - - Artesyn Technologies, Inc. (Nasdaq NM: ATSN) today provided additional guidance regarding first quarter financial results. Revenue and profitability will be negatively impacted due to the push out of planned deliveries in the wireless and telecom sectors. Sales for the quarter ending March 29/th/ are expected to be approximately $90 million, with a cash earnings loss between $0.16 and $0.18 per diluted share. "We are continuing to see ongoing weakness in the telecom sector and a lack of anticipated near term growth in wireless," commented Artesyn's President and CEO, Joseph M. O'Donnell. "Broad market conditions, however, remain consistent with previous trends as the storage and server segments of our business continue to show relative stability and appear to be slightly ahead of the cycle." "While this slowdown will negatively effect revenue and earnings performance for the quarter, our primary focus remains the generation of positive cash flow," O'Donnell continued. "Cash balances have grown to over $80 million and the enhancements made to our balance sheet over the past several quarters provides us with improved financial flexibility. It is our intent to ensure that Artesyn is well positioned to benefit from the eventual pickup in end market demand." Artesyn management will discuss additional operating details and financial expectations during its first quarter earnings release on April 18, 2002. About Artesyn Technologies Artesyn Technologies, Inc., headquartered in Boca Raton, Fla, is a leading provider of advanced power conversion equipment and real-time subsystems to the communications industry. With one of the broadest portfolios of power products available, Artesyn offers customers a wide range of high efficiency AC/DC power supplies, as well as advanced DC/DC and Point-of-Load converters for distributed power architectures. Artesyn's line of WAN interfaces, CPU boards, DSP solutions and protocol stacks are also at work in many of today's leading Teledatacom(TM) networks. For more information about Artesyn Technologies and its products, please visit the company's web site at http://www.artesyn.com. ---------------------- This release may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. Readers are cautioned that these forward-looking statements may differ materially from actual future events or results. Readers are referred to the documents periodically filed by Artesyn with the Securities and Exchange Commission, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Some of these factors include, but are not limited to, integration of operations and technology, market acceptance of existing and new products, dependence on and volatility of foreign sales, the potential for fluctuations in operating results and general technological changes which may render our existing products obsolete. Any forward-looking statement made in this release is made as of the date of this release and Artesyn assumes no obligation to update any such forward-looking statement. -----END PRIVACY-ENHANCED MESSAGE-----