LARS Larscom Incorporated (MM)

Larscom Incorporated Provides Update on Auditor's Opinion NEWARK, Calif., March 29 /PRNewswire-FirstCall/ -- Larscom Incorporated , filed its Annual Report on Form 10-K today for the year-ended 2003 in which its independent auditors, PricewaterhouseCoopers LLP, included an explanatory paragraph in its 2003 report on the Company's financial statements relating to the uncertainty of the Company's ability to continue as a going concern. This announcement is in compliance with Nasdaq Rule 4350(b). The Company believes, based upon its fiscal 2004 operating plan, that its cash and cash equivalents and cash flow from operations will be sufficient to fund its operations through 2004. About Larscom Larscom enables high-speed access by providing cost-effective, highly reliable (carrier-class), and easy-to-use network access equipment. In June 2003, Larscom merged with VINA Technologies to create a worldwide leader in enterprise WAN access for the delivery of high-speed data, and integrated voice and data services with the deployment of more than 350,000 systems worldwide. Larscom's customers include major carriers, Internet service providers, Fortune 500 companies, small and medium enterprises, and government agencies worldwide. Larscom's headquarters are in Newark, California. Additional information can be found at http://www.larscom.com/. Safe Harbor Statement Any forward-looking statements in this news release are based on our current expectations and beliefs and are subject to known andunknown risks and uncertainties that could cause the actual results to differ materially from those suggested. Factors that could cause actual results to differ materially include (but are not limited to) risks associated with the issuance of a "going concern" auditor's explanatory paragraph and its possible negative effect on our customer base, employees and our ability to acquire additional financing, lower than expected cash flows from operations, customer concentration that include MCI (formerlyWorldCom) and Lucent Technologies, the ability to develop successful new products, the ability to hire and maintain key executive positions, dependence on recently introduced new products and products under development, market acceptance of new products, the acquisition of other businesses or technologies, dependence on component availability from key suppliers, rapid technological change and fluctuations in quarterly operating results, as well as additional risk factors as discussed in the "Risk Factors" section of our annual report on Form 10-K and quarterly reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. These forward-looking statements represent our judgment as of the date of this news release. We disclaim, however, any intent or obligation to update these forward-looking statements. DATASOURCE: Larscom Incorporated CONTACT: Donald W. Morgan of Larscom Incorporated, +1-510-492-0800 Web site: http://www.larscom.com/

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