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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (5434)	1/12/2018 9:47:28 AM
From: Kirk ©	Respond to of 26928

Thanks. It sounds like a good, new guy and I'm glad Jerry Rawls is staying on the board so he'll be there to help as needed for a long time. investor.finisar.com Jan 11, 2018 Previous Release PDF Finisar Announces Retirement of Co-Founder and CEO Jerry Rawls and Appointment of Michael Hurlston as Chief Executive Officer SUNNYVALE, Calif., Jan. 11, 2018 (GLOBE NEWSWIRE) -- Finisar Corporation (NASDAQ:FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced the retirement of Chairman and Chief Executive Officer Jerry Rawls and the appointment of Michael Hurlston as Chief Executive Officer and a director of the Company effective today. Mr. Hurlston and Mr. Rawls will work together to ensure a smooth transition. Mr. Rawls will continue to serve as a Director of the Company. The Company's Lead Director Robert Stephens has been appointed Chairman of the Board of Directors. "After a thorough and thoughtful search process, we are pleased to welcome Michael Hurlston to Finisar as Chief Executive Officer and a member of the Board of Directors," said Robert Stephens, Finisar's Chairman of the Board of Directors. "Michael has broad experience as a highly-successful technology industry executive and we know Michael is the right leader to build on our success and market-leading position." "On behalf of the Board of Directors, I want to thank Jerry for his tireless and inspired leadership of Finisar over the past nearly 30 years," continued Mr. Stephens. "Under Jerry's leadership, Finisar has grown from its founding in Quonset hut in Menlo Park, California to a world-leading optics company with cutting-edge products and approximately $1.4 billion in revenues in its most recently completed fiscal year. We are deeply grateful to Jerry for his innumerable contributions to Finisar's growth and success to-date and are confident that he has positioned the Company solidly for the great opportunities in our industry today." "I'm thrilled that Michael is going to lead Finisar into the future," said Jerry Rawls, Finisar's co-founder and outgoing Chief Executive Officer. "Michael's experience, proven technical skills, and leadership abilities will serve Finisar, our customers, employees, and stockholders very well. At Finisar, we have built a great company with fantastic employees dedicated to serving our customers' needs and developing world-leading, cutting-edge technology products. I am confident that Michael is the right person to lead us to even greater success." Michael Hurlston most recently served as a Senior Vice President and General Manager of the Mobile Connectivity Products/Wireless Communications and Connectivity Division at Broadcom Limited. Previously, he held senior leadership positions in sales, marketing and general management at Broadcom. Prior to joining Broadcom in 2001, Mr. Hurlston held senior marketing and engineering positions at Oren Semiconductor, Inc., Avasem, Integrated Circuit Systems, Micro Power Systems, Exar and IC Works. Mr. Hurlston is also a Director of Ubiquiti Networks, Inc. and a member of the Board of Advisors of Vilynx Inc. Mr. Hurlston received a B.S.E.E., an M.S.E.E. and an M.B.A. from the University of California, Davis. "I am very excited to join Finisar and lead the great company that Jerry and his fellow employees have built," said Mr. Hurlston. "Finisar has world-leading products and technology, engineering talent, and manufacturing capabilities and a reputation for excellence in the industry and with its customers. The optical communications and components industry is rapidly advancing and there are many new exciting customer opportunities. I look forward to getting to work." ABOUT FINISAR......

To: robert b furman who wrote (5434)	1/12/2018 10:02:39 AM
From: Kirk ©	1 Recommendation Recommended By 3bar Read Replies (1) \| Respond to of 26928

Broadcom... is the part of HP/Agilent/Avago that I worked at. Michael Hurlston, a former Broadcom executive, has been appointed CEO and a director, effectively immediately. In fact, they still advertise the product I designed and was the project leader soon after graduating in 1979. broadcom.com Last month I went to an annual "Holiday party" with a group I worked with back then.... had a nice chat with the manager who was in charge of that IC Fab about a new design he came up with for a home improvement product... he was SO TOUGH that it was like a major honor to pass his tests to have him accept your design for manufacturing and, hopefully, eventual sale. So nice to see those people again. One of the reasons I've been SO PASSIONATE about high corporate taxes forcing jobs out of CA and then the US is that product was originally designed on a 2" process we had on site at Page Mill Road, Stanford land in Palo Alto. We converted it to 3" and moved it to San Jose for other chips that I designed but it became too expense to keep building fabs in California so they eventually outsourced the chips... but it is still cool to see something I went on a marketing trip to help come up with the target data sheet way back then to come up with target specs for a new product idea... then see it still selling today with the same data sheet (but much cheaper IC processes I am sure!) [I little bird told me the hermetic version of that product is used in the Cruise Missile.... it optically isolates data taken by sensors from the computer guiding the missle so a lightning strike or static won't take out the guidance electronics] 2" Bipolar IC process... that is what they had when I was a summer intern in 1978... at the holiday lunch last year was an older analog IC design engineer who one of my mentors and had the responsibility of making SPICE models for the IC process... Back then, we didn't even have terminals on our desks... we shared them and submitted SPICE simulations of our designs over the network to bigger computers at places like UC! Wow the memories flow back!