BATM - Broadband bright future

FSE - think this is what you couldn't find, from the 2002 results...

Outlook

We do not anticipate an early return to the levels of activity of recent years but remain confident that our strategy for preparing for the upturn in business, which will surely come, is sound. We will continue to maintain a cautious view of the market and to adjust our expense levels to match lower turnover levels, so that we return to profitability at an early date.

During the current year we will increase our focus on our OEM customers for both our IP and TDM product lines. We will maintain a substantial R&D programme and continue to develop our line of IP switches to support major fibre deployment projects. This will include enhancements to our software platform as well as several new hardware platforms to be released in 2003. We will also carry out further development of our alarm aggregation platforms and SONET terminal multiplexors.

We will also maintain our policy of a strict control on our cash resources, which are such an important part of the stability on which we have built this business.

We are not immune from one of the most severe and sharp deterioration in business confidence that we have ever witnessed. BATM's business is, however, a solid one and our policies are based on conservative but sound principles. We are confident that we will emerge from this difficult period in good shape.