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Technology Stocks : Xicor ? -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (2911)	11/17/2000 8:47:39 PM
From: David C. Burns	Respond to of 2920

Xicor Appoints Leonardo DiCaprio President and CEO <g> MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 17, 2000-- J. Daniel McCranie elected chairman of the board Xicor, Inc. (NASDAQ/NMS: XICO) announced today that Louis DiNardo has joined Xicor as President and Chief Executive Officer. In a related move, J. Daniel McCranie has been elected Chairman of the Xicor Board of Directors, succeeding Raphael Klein. Mr. DiNardo has been involved in sales, marketing and operations within the semiconductor industry for approximately 20 years. Mr. DiNardo comes to Xicor from Linear Technology Corporation (LLTC), where he was Vice President and General Manager of Mixed Signal Products. During his 13 years at Linear Technology, Mr. DiNardo has held positions as Vice President - Marketing, Director of North American Distribution, and Area Sales Manager. Prior to Linear Technology Corporation, Mr. DiNardo worked for 8 years at Analog Devices, where he was involved primarily in Field Sales and Applications. Mr. McCranie is a 30-year veteran in the semiconductor industry. Currently he is Cypress Semiconductor's Vice President for Business Development. Prior to Cypress, Mr. McCranie served as Chairman, CEO and President of SEEQ Technology, a semiconductor manufacturer involved in both non-volatile memory and mixed signal data communication products. Mr. Klein, who has retired from the board effective today, said, "I would like to thank Bruce Gray, who has been Acting President, for his contributions to the Company. I believe the appointment of Lou DiNardo to President and CEO, coupled with the election of Dan to the position of Chairman at Xicor, will accelerate Xicor's transformation into a high growth semiconductor company with emphasis on mixed signal products for communications applications. I am confident that Xicor will benefit from the experience, skills and leadership of Dan and Lou in continuing its strategic thrust." About Xicor Xicor designs, develops, markets and sells nonvolatile in-the-system programmable products which retain information even when the system is turned off or power is inadvertently lost. Xicor's product line includes digitally controlled potentiometers (DCP's), system management IC's, and secure and standard nonvolatile memory IC's. Xicor product, corporate and financial information is readily accessible on the World Wide Web at xicor.com "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the belief that the appointment of Louis DiNardo to president and CEO, coupled with the election of J. Daniel McCranie to the position of Chairman of the Board of Directors of Xicor, will accelerate Xicor's transformation to a high growth semiconductor company with emphasis on mixed signal products for communications applications and the belief that Xicor will benefit from the experience, skills and leadership of J. Daniel McCranie and Louis DiNardo in continuing its strategic thrust. Factors that could cause actual results to differ materially include the following: general economic conditions and conditions specific to the semiconductor industry; fluctuations in customer demand, including loss of key customers, order cancellations or reduced bookings; product mix; competitive factors such as pricing pressures on existing products and the timing and market acceptance of new product introductions (both by Xicor and its competitors); Xicor's ability to have available an appropriate amount of low cost foundry production capacity in a timely manner; our foundry partners' timely ability to successfully manufacture products for Xicor using Xicor's proprietary technology; any disruptions of our foundry relationships; the ability to continue effective cost reductions; currency fluctuations; the timely development and introduction of new products and submicron processes, and the risk factors listed from time to time in Xicor's SEC reports, including but not limited to the Annual Report on Form 10-K for the year ended December 31, 1999 and the Quarterly Reports on Form 10-Q for the quarters ended April 2, 2000, July 2, 2000 and October 1, 2000 (Management's Discussion and Analysis of Financial Condition and Results of Operations, Factors Affecting Future Results section). Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Xicor undertakes no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. CONTACT: Investor Contacts: Xicor, Inc. Geraldine Hench, Vice President - Finance, 408/432-8888 or Morgen-Walke Associates Michele Katz/Elric Martinez, 212/850-5600