CommScope Stockholders Meet

Stockholders reelect Frank Drendel and Duncan 'Lauch' Faircloth as directors, ratify Deloitte & Touche as independent auditor

May 5, 2003

1 Min Read

HICKORY, N.C. -- CommScope, Inc. (NYSE: CTV), a leader in broadband and high-performance communication cables, held its annual stockholders meeting today.

CommScope Chairman and Chief Executive Officer Frank M. Drendel told stockholders that he believes that CommScope is strategically positioned for the longer term. "In particular, amid challenging global business conditions, we believe that we made important progress preparing CommScope for a market recovery and future business opportunities," Drendel stated. "During 2002, we lowered our cost structure, generated more than $100 million in cash flow from operations and strengthened our market position in fiber optic cable for Hybrid Fiber Coaxial (HFC) applications."

Drendel also told stockholders that he continues to believe in the power of broadband networks. "Our customers are successfully delivering advanced- broadband services to the home, office and mobile consumer. While we can't predict the pace of recovery, we intend to position CommScope to be the supplier of choice for 'last mile' cable applications."

In other business, CommScope stockholders: (a) re-elected as directors Frank M. Drendel and Duncan M. ("Lauch") Faircloth; and (b) ratified the appointment of Deloitte & Touche LLP as the Company's independent auditor for the 2003 fiscal year.

CommScope Inc.

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