SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): February 20, 2004
Symbol Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-9802 11-2308681
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(State or other (Commission File (IRS Employer
Jurisdiction of Number) Identification No.)
Incorporation)
One Symbol Plaza
Holtsville, New York 11742
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(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including
area code: (631) 738-2400
Former name or former address, if changed
since last report: Not Applicable
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On February 20, 2004, Symbol Technologies, Inc. (the
"Registrant") issued a Press Release announcing: preliminary
2003 fourth quarter results; the scheduling of its quarterly
teleconference and webcast for March 4, 2004 to discuss
results for the fourth quarter and year ended December 31,
2003; and its intentions regarding the filing of its
outstanding quarterly reports on Form 10-Q for the first three
quarters of fiscal year 2003. A copy of the Press Release is
attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
The following exhibits are included herein:
Exhibit 99.1 Press Release dated February 20, 2004
"Symbol Technologies Announces Preliminary
Fourth Quarter 2003 Revenue, Schedules
Quarterly Teleconference"
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
The Registrant is furnishing herewith its Press Release, dated
February 20, 2004, disclosing preliminary revenue results for
the fourth quarter ended December 31, 2003 and its intentions
to file its quarterly reports on Form 10-Q for the first three
quarters of 2003 during the week of February 23, 2004. The
financial results reported in the Registrant's quarterly
reports on Form 10-Q will not be materially different from the
results initially reported for the nine-month period ended
September 30, 2003 with the exception of an additional
provision of $72 million pre-tax ($54 million after-tax or
($0.24) diluted EPS) recorded in 2003's first quarter in
connection with the pending shareholder class action lawsuits
and government investigations. The Registrant has also
announced that it has scheduled its quarterly teleconference
and webcast to discuss its financial results for the fourth
quarter and year ended December 31, 2003 for Thursday, March
4, 2004 at 5 P.M. The teleconference and webcast will be
available to the public through telephonic and webcast replay
from Friday, March 5, 2004 through Wednesday, March 17, 2004.
The information in this Form 8-K and the exhibit attached
hereto shall not be deemed "filed" for purposes of Section 18
of the Securities Exchange Act of 1934 (the "Exchange Act") or
otherwise subject to the liabilities of that section, nor
shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933 or the Exchange Act,
regardless of any general incorporation language in such
filing.
SIGNATURES
Pursuant to the requirements of the Exchange Act, the
Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
SYMBOL TECHNOLOGIES, INC.
Date: February 23, 2004 By: /s/Mark T. Greenquist
Name: Mark T. Greenquist
Title: Senior Vice President
and Chief Financial
Officer
EXHIBIT INDEX
Exhibit Description
Exhibit 99.1 Press Release dated February 20, 2004
"Symbol Technologies Announces Preliminary
Fourth Quarter 2003 Revenue, Schedules
Quarterly Teleconference"
EXHIBIT 99.1
SYMBOL TECHNOLOGIES ANNOUNCES PRELIMINARY
FOURTH QUARTER 2003 REVENUE,
SCHEDULES QUARTERLY TELECONFERENCE
HOLTSVILLE, N.Y. - February 20, 2004 - Symbol
Technologies, Inc. (NYSE:SBL) today announced that it expects
revenue for the quarter ended December 31, 2003, to be
approximately $400 million, about 5 percent higher than the
prior quarter and approximately 7 percent higher than a year
ago.
The Company has scheduled a conference call and Web cast
for 5 p.m. Thursday, March 4, 2004, at which time it will
discuss results for the fourth quarter and full year ended
December 31, 2003.
Also, during the week of February 23, 2004, the Company
intends to file with the Securities and Exchange Commission
its Quarterly Reports on Form 10-Q for the first three
quarters of 2003, at which time the Company will become
current with its SEC filings. Overall, the financial results
that will be reported will not be materially different from
the results initially reported for the nine-month period ended
September 30, 2003 with the exception of an additional
provision of $72 million pre-tax ($54 million after-tax or
($0.24) diluted EPS) recorded in 2003's first quarter in
connection with the pending shareholder class action lawsuits
and government investigations.
"We were pleased with our preliminary revenue performance
in 2003's fourth quarter. Driving solid sequential growth
while working to resolve difficult issues of the past is a
testament to our employees, leadership team and channel
partners. While challenging, 2003 was also an inspiring year
for us, particularly given the progress we've made toward
returning Symbol to financial health and the achievement of
major milestones in the execution of our strategy to be the
leader in enterprise mobility," William Nuti, chief executive
officer and president, said.
"Our sense is that the information technology spending
environment is improving, and it is clear that our growth is
also a factor of Symbol products and enterprise mobility
solutions providing real benefit to customers in the form of
increased productivity, improved competitive position,
operational efficiencies and top-line growth. Symbol is
uniquely positioned to lead in this new era of the IT
revolution, the age of mobility," Nuti added.
Quarterly Teleconference Scheduled March 4, 2004
Symbol has scheduled a conference call and Web cast for 5
p.m. Thursday, March 4, 2004, at which time it will discuss
results for the fourth quarter and full year ended December
31, 2003. Those interested in participating in the conference
call should dial 719-457-2657 at least 10 minutes prior to
commencement of the call, which also will be available as an
audio Web cast via the Symbol Web site,
www.symbol.com/investors. A telephonic replay will be
available beginning at noon ET March 5 through March 17, 2004,
on a 24-hour non-stop basis. The dial-in number to access this
replay is: 719-457-0820 - Access Code: 240345.
In addition to the teleconference, the Company will host
a simultaneous Web cast presentation via WebEx, an online
PowerPoint document sharing Web site. Those interested in
viewing the WebEx presentation should go to
http://symbol.webex.com at least 10 minutes prior to the start
of the teleconference. At the site, log in to the "Symbol
Technologies- 2003 Financial Results" by clicking the "join"
button; you are required to provide your name and e-mail
address. Please be advised that WebEx permits you to enroll
prior to the conference, but this is not mandatory for
participation. This is an unrestricted Web site and a password
is not required. A synchronized WebEx and audio replay will be
available on the Company's investor homepage beginning at noon
ET March 5 through March 17 on a 24-hour non-stop basis.
A copy of the presentation will be posted in PDF format
on the Company's investor homepage, www.symbol.com/investors.
About Symbol Technologies
Symbol Technologies, Inc., The Enterprise Mobility
Company, delivers solutions that capture, move and manage
information in real time, from the point of activity to the
point of decision. Symbol solutions integrate advanced data
capture technology, ruggedized mobile computers, wireless
infrastructure, enabling software and high-ROI applications
from our business partners and Symbol Enterprise Mobility
Services. Symbol enterprise mobility solutions increase
business productivity and velocity, reduce costs and realize
competitive advantage for the world's leading retailers,
transportation and logistics companies and manufacturers as
well as government agencies and providers of healthcare,
hospitality and security. More information is available at
www.symbol.com.
This news release may contain forward-looking statements
based on current expectations, forecasts and assumptions
that involve risks and uncertainties that could cause
actual outcomes and results to differ materially. These
risks and uncertainties include price and product
competition, dependence on new product development,
reliance on major customers, customer demand for our
products and services, control of costs and expenses,
international growth, general industry and market
conditions and growth rates and general domestic and
international economic conditions including interest rate
and currency exchange rate fluctuations. For a further
list and description of such risks and uncertainties, see
the reports filed by Symbol with the Securities and
Exchange Commission. Symbol disclaims any intention or
obligation to update or revise any forward-looking
statements, whether as a result of new information, future
events or otherwise.
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For financial information: For media information:
Nancy Tully Patricia Hall
Symbol Technologies, Inc. Symbol Technologies, Inc.
631-738-5050 631-738-563