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To: Johnny Canuck who wrote (37433)	6/26/2002 9:02:02 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70561

Genesis Microchip CEO resigns, interim CEO named Tuesday June 25, 10:42 pm Eastern Time Reuters Company News SAN JOSE, Calif., June 25 (Reuters) - Genesis Microchip Inc. (NasdaqNM:GNSS - News) on Tuesday said Amnon Fisher, its president and chief executive officer, resigned effective immediately and that a board member will serve as chairman and interim CEO. ADVERTISEMENT James Donegan, the former chairman and CEO of semiconductor maker Sipex Corp. (NasdaqNM:SIPX - News), agreed to serve as interim CEO and was elected by the board as its new chairman, Genesis said in a statement. Donegan has served on the company's board since 1997. Fisher also stepped down from the board of directors, the company said in a statement. Genesis did not provide a reason for Fisher's resignation in its statement and could not be immediately reached for comment. Genesis cut its revenue outlook in mid-June as orders slowed for chips used in flat panel monitors. Its shares fell almost 2.5 percent to $8.15 on Tuesday and are well below their 52-week high of $74.90. Donegan succeeds Alex Lushtak as chairman but Lushtak remains as a director, Genesis said. On June 11, Sipex said that Donegan resigned from his role as chairman and CEO, citing personal reasons.