|
In response to several media articles regarding spectrum auctions, GAMCO Investors, Inc.
(NYSE: GBL) confirmed again that neither GAMCO nor any of its subsidiaries is directly involved
in the lawsuit. The recent stories noted that the Justice Department is seeking to join the
spectrum lawsuit brought against Lynch Interactive Corp. (a rural telephone company), GGCP, Inc.
(a venture capital investor) and others. Doug Jamieson, GAMCO's President and COO, noted that
"these developments have no effect on our business operations or our focus on earning a return
for our clients."
For further information regarding this matter, please refer to the
Lynch Interactive Corp. website.
GAMCO Investors, Inc., through its subsidiaries, manages $26.8 billion in assets of private
advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli
Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.).
Special Note Regarding Forward-Looking Information
Our disclosure and analysis in this press release contain some forward-looking statements.
Forward-looking statements give our current expectations or forecasts of future events. You
can identify these statements because they do not relate strictly to historical or current
facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," and other words and terms of similar meaning. They also appear in any discussion
of future operating or financial performance. In particular, these include statements relating
to future actions, future performance of our products, expenses, the outcome of any legal
proceedings, and financial results. Although we believe that we are basing our expectations
and beliefs on reasonable assumptions within the bounds of what we currently know about our
business and operations, there can be no assurance that our actual results will not differ
materially from what we expect or believe. Some of the factors that could cause our actual
results to differ from our expectations or beliefs include, without limitation: the adverse
effect from a decline in the securities markets; a decline in the performance of our products;
a general downturn in the economy; changes in government policy or regulation; changes in our
ability to attract or retain key employees; and unforeseen costs and other effects related to
legal proceedings or investigations of governmental and self-regulatory organizations. We also
direct your attention to any more specific discussions of risk contained in our Form 10-K and
other public filings. We are providing these statements as permitted by the Private Litigation
Reform Act of 1995. We do not undertake to update publicly any forward-looking statements if
we subsequently learn that we are unlikely to achieve our expectations or if we receive any
additional information relating to the subject matters of our forward-looking statements.
|