Exhibit 99.2
ALLEN TELECOM INC. 25101 Chagrin Boulevard, Beachwood, Ohio 44122-5687 /
216-765-5800 - FAX: 216-765-0410
[ALLEN TELECOM LOGO] NEWS RELEASE
FOR IMMEDIATE RELEASE
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ALLEN TELECOM UPDATES GEOLOCATION ORDERS
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BEACHWOOD, OHIO, October 30, 2002 - Allen Telecom Inc. (ALN: NYSE)
during its third quarter conference call this morning announced updated orders
and expectations for its Geolocation Products business in the fourth quarter of
2002 and the first half of 2003.
The Company has received approximately $17.0 million in additional
orders for Geolocation Products during the month of October, some of which is
requested for delivery in the fourth quarter of 2002. This brings the backlog
for Geolocation Products to approximately $65.0 million at the end of October,
2002 as compared to $57.8 million at the end of September, 2002. The backlog for
Geolocation Products was characterized as primarily for delivery in the fourth
quarter of 2002 and first half of 2003.
Allen Telecom Inc. (http://www.allentele.com) is a leading supplier of
wireless equipment to the global telecommunications infrastructure market. FOREM
supplies sophisticated filters, duplexers, combiners, amplifiers and microwave
radios to an array of OEM customers. MIKOM focuses on providing repeaters,
in-building systems and other products that enhance both the coverage and the
capacity of a wireless system. Tekmar Sistemi provides integrated low power
fiber optic and cable distributed antenna systems for indoor coverage systems.
Decibel Products and Antenna Specialists manufacture land based and mobile
antennas in frequency bands that cover all of the traditional wireless networks.
Grayson Wireless supplies measurement and signal processing systems for testing
the performance of a wireless network, network-based wireless caller geolocation
systems for E 911 and value added services. Comsearch offers program management,
network planning, engineering, development and installation of wireless networks
worldwide.
Statements included in this press release, which are not historical in
nature, are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements regarding the Company's future performance and
financial results are subject to a number of risks and uncertainties that could
cause actual results to differ materially from those set forth in the
forward-looking statements. Factors that could cause the Company's actual
results to materially differ from
forward-looking statements made by the Company, include, among others, the cost,
success and timetable for new product development including, for example,
products for 3G, E 911 and power amplification; the health, economic stability
and relative currency valuations in world and national markets; the cost and
outcome of litigation, including, for example, a lawsuit filed by a competitor
in the E 911 geolocation business claiming infringement by the Company of
intellectual property rights; the cost and availability of capital and financing
to the Company and its customers; the uncertain timing and level of purchases by
the limited number of the Company's customers of both current products and
services, and those under development; the effective realization of inventory,
receivables and other working capital assets to cash; the impact of competitive
products and pricing in the Company's markets; the ability of the Company to
generate future profits or to implement other tax planning strategies needed to
utilize the Company's tax loss carry forwards in the U.S. and Italy; the changes
in business conditions and/or changes in assumptions, which could result in
goodwill impairment charges; the impact of U.S. and foreign government
legislative/regulatory actions, including, for example, the scope and timing of
E 911 geolocation requirements in the U.S. markets and spectrum availability and
licensing for new wireless applications; the impact of future business
conditions on the Company's ability to meet terms and conditions of the
Company's borrowing agreements; the cost, timing and availability of personnel,
facilities, materials and vendors required for the Company's current and future
products; and whether and when backlog will be converted to customer sales.
Allen Telecom Inc.'s Annual Report on Form 10-K and Quarterly Reports on Form
10-Q may contain additional factors.
For further information contact: Dianne B. McCormick
Director, Investor Relations
(216) 765-5855 (phone)
(216) 765-0375 (fax)
Dianne_McCormick@allentele.com