Albert Paladino Elected Chairman of RF Micro Devices.Business Editors/High Tech Writers GREENSBORO, N.C.--(BUSINESS WIRE)--Aug. 5, 2002 RF Micro Devices RF Micro Devices (NASDAQ: RFMD) is a manufacturer of integrated circuits, founded in Greensboro, NC, in 1991 by William J. Pratt, Powell T. Seymour and Jerry D. Neal.[1]. , Inc. (Nasdaq: RFMD RFMD RF Micro Devices (NASDAQ) RFMD Rotary Fluid Management Device ), a leading provider of proprietary radio frequency integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. (RFICs) for wireless communications applications, today announced that Dr. Albert E. Paladino has been appointed chairman of the board of directors. Dr. Paladino has served as an outside director of RF Micro Devices since 1992. He succeeds Bill Pratt, co-founder and chief technology officer of RF Micro Devices, who remains a member of the board of directors. Dr. Paladino's appointment is effective immediately. "Al's appointment to chairman recognizes the increased emphasis placed on the independence of the chairman of the board," said Mr. Pratt. "Al has been an active participant in the evolution and growth of RF Micro Devices. His long-time involvement with the Company as an outside director, as well as his experience as a technologist, will prove invaluable in his role as chairman." Dr. Paladino said, "I am proud to have been appointed chairman and look forward to working with the board of directors and RFMD leadership to address both the opportunities and challenges facing the Company." Dr. Paladino is a director of TranSwitch Corporation and has been chairman of Telaxis Communications Corporation since 1992. From 1981 to 1998, he was a general partner of Advanced Technology Ventures, where he supported the growth of a number of high technology companies. Prior to that, he held senior positions with Raytheon, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Laboratories, the National Institute of Standards and Technology National Institute of Standards and Technology, governmental agency within the U.S. Dept. of Commerce with the mission of "working with industry to develop and apply technology, measurements, and standards" in the national interest. and the Congressional Office of Technology Assessment. Dr. Paladino is also a member of the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Alfred University, where he serves as vice chairman of the University's endowment investment committee. RF Micro Devices, Inc., an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001-certified manufacturer, designs, develops, manufactures and markets proprietary radio frequency integrated circuits (RFICs) primarily for wireless communications products and applications such as cellular and PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. phones, base stations, wireless LANs, and cable television modems. The Company offers a broad array of products - including amplifiers, mixers, modulators/demodulators, and single-chip receivers, transmitters and transceivers - representing a substantial majority of the RFICs required in wireless subscriber equipment. The Company's strategy is to focus on wireless markets by offering a broad range of standard and custom-designed RFICs in order to position itself as a "one-stop" solution for its customers' RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip needs. RF Micro Devices, Inc. is traded on the Nasdaq National Market under the symbol RFMD. This press release contains forward-looking statements that relate to RF Micro Devices' plans, objectives, estimates and goals. Words such as "expect," "anticipate," "intend," "plan," "project," "believe," and "estimate," and variations of these words and similar expressions, identify these forward-looking statements. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with the operation of wafer fabrication facilities, the Company's ability to manage rapid growth and to attract and retain skilled personnel, variability in production yields, raw material availability, manufacturing capacity constraints, dependence on a limited number of customers and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . All other tradenames, trademarks and registered trademarks are the property of their respective owners. |
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