SANTA BARBARA, Calif. -- Somera Communications (Nasdaq:SMRA), a leading global provider of telecommunications equipment deployment services, today updated investors on expected results for the fourth quarter of 2002. Final results will be released on January 23, 2003. The Company expects to report revenues of $44 to $46 million for the fourth quarter of 2002 and $200 million for the year as a whole. The Company also expects to report restructuring and other charges of about $17 million associated with strategic decisions to re-align the workforce in North America, consolidate operations, and adjust inventories to match market conditions. After these charges, the Company expects to report a net earnings loss of approximately $0.30 per share diluted for Q4 2002 and a net loss of about $0.20 per share diluted for the full year 2002. The results for the quarter were driven primarily by market conditions and revenue shortfall in domestic equipment sales in the wireline segment. The Company is expected to report sequential and year-over-year growth in its equipment deployment services and European businesses. The Company is also expected to report a strong balance sheet with over $50 million in cash and no long-term debt. Somera Communications