Cube into Residential gateways?
SMSC Appoints Ray Newstead as Vice President of Business Development
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--March 8, 2001--Standard Microsystems Corporation (Nasdaq:SMSC - news) announced today that Ray Newstead has been appointed Vice President of Business Development, reporting to Steven Bilodeau, Chairman and Chief Executive Officer of SMSC.
His responsibilities will include establishing strategic direction to identify and pursue customers and partnerships in new, high growth areas for SMSC's advanced I/O system solutions.
``We are extremely pleased to have someone of Ray Newstead's talent joining our team,'' said Steven J. Bilodeau, Chairman and Chief Executive Officer of Standard Microsystems Corporation. ``Ray's experience in exploring new markets and identifying long-term business opportunities, as well as his network within the industry, will greatly benefit SMSC as we continue to expand. Specifically, Ray will look to leverage SMSC's intellectual property portfolio, technology and expertise to uncover new growth opportunities in a broad range of markets, including connectivity, interactive set-top boxes and Internet gateway devices.''
Mr. Newstead has held marketing and executive management positions for more than 20 years in the semiconductor industry. Most recently, he was Vice President and General Manager for the Broadband Network Division of C-Cube Microsystems, responsible for Digital Set-Top Box and Residential Gateway products. Prior to C-Cube Microsystems, Mr. Newstead was Vice President and General Manager of NEC Electronics' Microprocessor and Chipset business unit. Additionally, he has held marketing and business development positions at Integrated Device Technology, Inc., National Semiconductor Corporation and Adaptec, Inc. Mr. Newstead was also Co-Founder and Chief Executive Officer of Advanced Technologies International. He holds a Bachelor of Science degree in Management Science from Rochester Institute of Technology and an Associate Science Electrical Engineering degree from Monroe College. Mr. Newstead will be based in SMSC's San Jose facility.
About SMSC:
SMSC is a worldwide supplier of metal-oxide-semiconductor/very large-scale integrated (MOS/VLSI) circuits for the personal computer, peripherals and embedded systems marketplaces. The Company's products provide solutions in Advanced Input/Output (I/O) technology, Systems Logic, USB Connectivity, Local Area Networking and Embedded Control Systems. SMSC is the world's leading supplier of PC I/O integrated circuits.
Standard Microsystems is based in Hauppauge, New York and maintains offices worldwide, including locations in North America, Asia, Europe and Japan. SMSC operates engineering design centers in San Jose, CA; Westborough, MA; Hauppauge, NY and Austin, TX. More information about the Company is available on the World Wide Web at smsc.com.
Forward Looking Statements:
Except for historical information contained herein, the matters discussed in this announcement are forward-looking statements that involve risks and uncertainties, including the timely development and market acceptance of new products, the impact of competitive products and pricing, the effect of changing economic conditions, and such risks and uncertainties as are detailed from time to time in the Company's reports filed with the SEC. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled ``Other Factors That May Affect Future Operating Results'' for a more complete discussion of these and other risks and uncertainties.
Standard Microsystems is a registered trademark and SMSC is a trademark of Standard Microsystems Corporation. Product names and company names are the trademarks of their respective holders.
biz.yahoo.com |
