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Technology Stocks : ViaSat
VSAT 39.82+2.2%Oct 31 9:30 AM EDT

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To: Jeff Vayda who wrote (1101)3/3/2003 7:06:46 AM
From: Jeff Vayda  Read Replies (1) of 1112
 
ViaSat Announces New Board Member [Hmmm....]

Carlsbad, Calif./March 3, 2003/Satnews Daily/ — ViaSat, Inc. has announced that Michael B. Targoff, has been elected to the company's board of directors, filling the vacancy left by the retirement of former board member, James F. Bunker. Targoff's appointment preserves an independent majority on ViaSat's 6-member board.

Targoff, a former president and chief operating officer of Loral Space & Communications and partner of top New York law firm, Wilkie Farr & Gallagher, brings to ViaSat significant expertise in the defense, wireless and satellite markets. Mr. Targoff holds a B.A. from Brown University and a J.D. from Columbia University School of Law, where he was a Hamilton Fisk Scholar and Editor of the Columbia Journal of Law and Social Problems.

"Michael's defense background, in addition to his tremendous operational expertise, makes for a great addition to our board at a time when this market segment is developing into a key part of ViaSat's future," said Mark Dankberg, ViaSat chairman, president and CEO. "The other board members and I are looking forward to Michael's independent insights and counsel during this exciting time for our company."

Targoff is also a current director of Leap Wireless, Globalstar Telecommunications Limited, and Infocrossing, Inc. and is chairman of the boards of directors of two small private telecom companies.

ViaSat produces advanced digital satellite telecommunications and wireless signal processing systems for commercial and government markets. The company produces a full line of VSAT systems for network access and infrastructure, and is building market share in Ka-band satellite systems, from user terminals to large gateways. Other products include satellite antenna systems, tactical communication radios, network security products, and RF communication simulators. Along with its headquarters in Carlsbad, CA, ViaSat has divisions located in Clarksburg, MD and Norcross, GA. Additional field offices are located in Boston, MA, Australia, China, Italy, and India.

In addition the company's wholly owned subsidiary, U.S. Monolithics, LLC, designs and produces monolithic microwave integrated circuits (MMICs) and modules for use in broadband communications. USM is based in Chandler, Arizona.

Additional information on ViaSat is available at www.viasat.com.

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