Microsemi Promotes Kare Karlsen To Corporate Vice President of Strategic Manufacturing
Monday February 3, 8:30 am ET
-- Responsible for Utilization Enhancements Worldwide
IRVINE, Calif.--(BUSINESS WIRE)--Feb. 3, 2003-- -- Reports to Microsemi's Chief Operations Officer
-- Focusing on Offshore Cost Reductions
Microsemi Corp. (Nasdaq:MSCC - News), a leading manufacturer of analog and mixed-signal integrated circuits and power and signal discrete semiconductors, announced the appointment today of Kare Karlsen to the new position of corporate vice president of strategic manufacturing.
In his new role, Karlsen will be responsible for efficient utilization of Microsemi manufacturing operations worldwide, reporting to Ralph Brandi, executive vice president and chief operations officer of the corporation.
Karlsen's initial focus is to analyze wafer fabrication, test and assembly capabilities and capacity at all Microsemi operations, while continuing the transfer of the company's high-reliability metal can assembly and test operations to lower cost offshore facilities.
Karlsen, will continue to be based in the company's Lawrence, Mass., operation where he has been a vice president and general manager since 2001 when he joined Microsemi as part of the company's acquisition of New England Semiconductor located in Lawrence.
Brandi, stated, "Kare's experience in building NES's high-reliability operation makes him an ideal choice to fill this important new position for Microsemi as we move ahead in our corporate-wide Facility Utilization and Profit Enhancement Program."
About Microsemi
Microsemi is a leading designer, manufacturer and marketer of analog, mixed-signal and discrete semiconductors. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals.
Microsemi's products include individual components, as well as complete circuit solutions that enhance customer designs by improving reliability, battery optimization, reducing size or protecting circuits. Markets the company serves include mobile connectivity, computer/peripherals, telecom/datacom, medical, industrial, automotive, digital media, space/satellite and military.
More information may be obtained by contacting the company directly or by visiting its Web site at microsemi.com.
Please read the following factors that can materially affect Microsemi's future results.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in the news release that are not entirely historical and factual in nature are forward-looking statements. For instance, all statements of belief and expectations are forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Potential risks and uncertainties include, but are not limited to, such factors as the difficulties regarding the making of estimates and projections, the hiring and retention of qualified technical personnel in a competitive labor market, acquiring and integrating new operations or assets, closing or disposing of operations or assets, rapidly changing technology and product obsolescence, the potential inability to realize cost savings or productivity gains and to improve capacity utilization, potential cost increases, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, results of in-process or planned development or marketing and promotional campaigns, changes in demand for products, difficulties foreseeing future demand, effects of limited visibility of future sales, potential non-realization of expected orders or non-realization of backlog, unexpected business and economic conditions or adverse changes in current or expected industry conditions, business disruptions, future effects of the tragic events of Sept. 11, variations in customer order preferences, fluctuations in market prices of the company's common stock and potential unavailability of additional capital on favorable terms, difficulties in implementing company strategies, dealing with environmental matters or litigation, difficulties in determining and maintaining adequate insurance coverage, difficulties protecting patents and other proprietary rights, and inventory obsolescence. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K filed on Dec. 19, 2002, filed by Microsemi with the Securities and Exchange Commission. Additional risk factors may be identified from time-to-time in Microsemi's future filings. Microsemi does not undertake to supplement or correct any information in this release that is or becomes incorrect.
--------------------------------------------------------------------------------
Contact:
Microsemi Corp., Irvine
David R. Sonksen (investors), 949/221-7101
or
Cliff Silver (editorial), 949/221-7112
--------------------------------------------------------------------------------
Source: Microsemi Corp. |
