Bigband Networks (NASDAQ:BBND)

Our reported results were mostly in line with the outlook we provided on our last earnings call; however, slower order rates in our second quarter are expected to impact revenue into the second half of 2009, and this is reflected in our lower outlook for the third quarter, commented Amir Bassan-Eskenazi, president and CEO of BigBand Networks.

As we enter the third quarter, our bookings visibility is improving. In addition, we are winning new systems and establishing new product applications that we believe will improve our position as industry spending normalizes. As a result, we are optimistic about our long-term opportunity in the digital video networking market. 

3rd Quarter 2009 Guidance Ending September 2009 ^a

	3rd Quarter 2009 Guidance	3rd Quarter 2008 Reported	Period Change
GAAP Revenue	$20.0 million	$38.3 million	-47.8%
GAAP EPS	-$0.21 to -$0.23	$0.05	n/a
Non-GAAP EPS b	-$0.13 to -$0.15	$0.10	n/a

Source: See Release , August 4, 2009

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b Non-GAAP EPS figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

 “Our solid execution in the first quarter was the result of our diversified product offerings within our Digital Video Networking portfolio,” commented Amir Bassan-Eskenazi, President and CEO of BigBand Networks. “During the quarter we recognized significant international revenues, including our first international 10% customer- LG Powercom, which deployed our new video over IP solution. We believe we substantially advanced our position during the quarter and remain the market share leader in DVN."

 “While we are cautious about the near-term outlook as it relates to service provider spending, we are optimistic about the long-term prospects for our business and the value that we bring to customers,” concluded Bassan-Eskenazi. 

2nd Quarter 2009 Guidance Ending June ^a

	2nd Quarter 2009 Guidance	2nd Quarter 2008 Reported	Period Change
GAAP Revenue	$40 to $42 million	$43.0 million	-7.5% to -2.3%
GAAP EPS b	-$0.02 to $0.00	$0.02	n.a
Non-GAAP EPS b	$0.02 to $0.04	$0.07	-40.0% to -42.9%

Source: See Release May 5, 2009

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b Non-GAAP EPS figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

Guidance Report: (Non-China)

First Quarter 2009 Guidance Ending March

	2009 Guidance	2008 Reported	Period Change
GAAP Revenue	$43.0 to $45.0 million	$39.9 million	7.77% to 12.78%
GAAP EPS	($0.01) to ($0.03)	$(0.03)	NA
*Non-GAAP EPS	$0.03 to $0.05	$0.02	50% to 150%

“In the near term, we remain cautious about the macro-economic environment and its potential impact on service provider spending. Over the long-term, service providers will continue to make substantial investments in the transition to digital television which will drive our business,” concluded Bassan-Eskenazi."

*Non-GAAP EPS Figures exclude non-operating gains and losses. 

BBND  management believes it is useful, for itself and investors, to review both GAAP information that includes such charges and Non-GAAP financial measures that exclude these charges because management believes such information enables such parties to have a better understanding of the overall performance of our ongoing business operations in the periods presented.

Investors are encouraged to review the related GAAP financial measures and the reconciliation of these Non-GAAP financial measures to their most directly comparable GAAP financial measure.

Source: Business Wire (February 12, 2009)