Walt Walczykowski, C-Cube's former CFO, left C-Cube to pursue a career in teaching....................
May 17, 2000 08:16
C-Cube Announces Howard Bailey as New CFO
MILPITAS, Calif.--(BUSINESS WIRE)--May 17, 2000--C-Cube Microsystems (Nasdaq:CUBED), announced today that Howard Bailey has joined the company as its new Chief Financial Officer. Bailey will manage C-Cube's financial and administrative operations and serve as a corporate officer.
"I am extremely pleased with the addition of Howard to our senior management team," said Umesh Padval, C-Cube President and CEO. "Throughout his career, Howard has excelled in both leading internal finance organizations and maintaining strong relationships with the external financial community."
"Howard is a strong addition to the C-Cube team," said Alex Balkanski, Chairman of C-Cube's Board of Directors. "He has expertise in all areas of corporate finance."
"I'm thrilled to be part of the C-Cube team," Bailey said. "The company is clearly well-positioned to grow its expansion platforms: DVD, set-top box and codec. I believe there's a great opportunity here to increase value for our shareholders."
Bailey brings to C-Cube nearly 20 years of senior financial experience that includes CFO positions at Quantum Effect Devices, where he led the company's transition from design service to fabless semiconductor production, and Photon Dynamics, Inc., where he also served as interim CEO in helping drive the company's rapid rise to profitability. Bailey also led both companies through the IPO process. Bailey's experience in corporate finance also includes work for well-known companies such as Sierra Semiconductor (now PMC Sierra), Plus Logic (part of Xilinx) and Intel Corporation. Bailey holds a Bachelor of Science degree in Economics from the University of Maryland and an M.B.A. in Finance from the University of Utah.
Walt Walczykowski, C-Cube's former CFO, left C-Cube to pursue a career in teaching.
About C-Cube
C-Cube Microsystems leads the industry in providing silicon solutions that are driving the global transition from analog to digital video and audio in the home. C-Cube focuses on broadband communications and codec products. C-Cube's broadband products enable video and data to be transmitted through interactive digital set-top boxes and digital networks. C-Cube's codec products are enabling new digital video consumer applications such as digital VHS, personal video recorders, DVD players and recorders, and video editing systems. C-Cube is headquartered in Milpitas, California with offices in North America, Europe, and Asia. Its stock is traded on the Nasdaq under the symbol CUBED. C-Cube can be reached at +1.408.490.8000 or at c-cube.com.
Note to Editors: C-Cube and the C-Cube logo are registered trademarks of C-Cube Microsystems, Inc. All other trademarks or registered trademarks are property of their respective owner
CONTACT: C-Cube Microsystems
Mike Hall, 408/490-8471 (Public Relations)
mike.hall@c-cube.com
Steven Horwitz, 408/490-8561 (Investor Relations)
steven.horwitz@c-cube.com
|
