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Technology Stocks : Stratex Networks, Inc. (STXN) -- Ignore unavailable to you. Want to Upgrade?

To: Arrow Hd. who wrote (1530)	9/2/2003 1:46:38 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1762

Sam Smookler Appointed CEO of P-Com Tuesday September 2, 12:21 pm ET Former CEO of Stratex Networks to Lead Company as It Completes Major Restructuring Program CAMPBELL, Calif., Sept. 2 /PRNewswire-FirstCall/ -- P-Com, Inc. (OTCBB: PCOM - News), a worldwide provider of wireless telecom products and services, today announced that it has appointed Sam Smookler, the former CEO of Stratex Networks and a telecom industry leader with more than 30 years of experience, as President and Chief Executive Officer. Smookler, whose appointments are effective immediately, was also named to P-Com's Board of Directors. George Roberts, P-Com's Chairman of the Board and acting CEO since January 2002, will remain Chairman. "Sam is one of the telecom industry's most highly respected executives with a proven track record of success and a clear vision to lead P-Com into the future," Roberts said. "Sam's appointment is also another milestone in our restructuring program that has revitalized our balance sheet and sized our company appropriately for the current business environment. Under Sam's leadership, I am confident P-Com is poised for a new era of growth." "P-Com is an outstanding company that has emerged from the industry downturn well-prepared to compete in today's marketplace, and I'm delighted to join the dedicated and talented people who are committed to P-Com's long-term success," Smookler said. "P-Com has the benefit of a superb portfolio of products, a global reputation for engineering excellence and vastly improved balance sheet that positions the company to succeed in all of its markets. As the telecom industry recovers, P-Com has an opportunity to grow its presence in the cellular backhaul, carrier and enterprise markets. I look forward to working with George, the Board of Directors and every P-Com employee to lead the company into a new period of profitability." Before joining P-Com, Smookler was the CEO and Chairman of Maxima Corporation, a developer of high capacity optical wireless transmission systems in San Diego. Before that, he was President and CEO of Stratex Networks, a provider of medium and high capacity point-to-point wireless transmission systems in San Jose. Prior to that, he held the positions of President and COO of Signal Technology Corporation, Vice President and General Manager of the Interconnect Products Division at Augat Corporation, Vice President and General Manager of M/A COM Corporations, and Group Vice President of Sipex Corporation, all in Massachusetts. About P-Com, Inc. P-Com, Inc. develops, manufactures, and markets point-to-point, spread spectrum and point-to-multipoint, wireless access systems to the worldwide telecommunications market. P-Com broadband wireless access systems are designed to satisfy the high-speed, integrated network requirements of Internet access associated with Business to Business and E-Commerce business processes. Cellular and personal communications service (PCS) providers utilize P-Com point-to-point systems to provide backhaul between base stations and mobile switching centers. Government, utility, and business entities use P-Com systems in public and private network applications. For more information visit www.p-com.com or call 408-866-3660.