Avici Systems Names William Leighton to Board of Directors.Business Editors/High-Tech Writers NORTH BILLERICA, Mass.--(BUSINESS WIRE)--May 27, 2004 Avici Systems Inc. (Nasdaq: AVCI), today announced that William Leighton has joined Avici's Board of Directors, effective immediately. Mr. Leighton recently retired from AT&T after 28 years of service in various organizations, most recently as Vice President of Research at AT&T Labs where he led the team responsible for AT&T's core and directed research program. Prior to that, he was the Vice President of Technology and Services Strategy at AT&T Labs. Mr. Leighton holds an M.S.E and Ph.D. in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from Princeton University Princeton University, at Princeton, N.J.; coeducational; chartered 1746, opened 1747, rechartered 1748, called the College of New Jersey until 1896. Schools and Research Facilities . He also completed an Advanced Management Program at Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . As a member of the Avici Board, Mr. Leighton will also sit on the Company's Nominating and Governance Governance makes decisions that define expectations, grant power, or verify performance. It consists either of a separate process or of a specific part of management or leadership processes. Sometimes people set up a government to administer these processes and systems. Committee. Surya Panditi, Avici's Chairman said, "We are very pleased to welcome Bill to our Board. Bill's strong background in network research, design, and development in IP networks and services such as VPNs, VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a , and network security will be a tremendous asset to Avici's Board." "I am delighted and privileged to join the Avici Board of Directors," said Leighton. "The company is a leader in core routing and I look forward to being a part of its continued success." Mr. Leighton will fill the Board seat recently vacated by Jim Swartz, a general partner at Accel Partners, who left to focus on other earlier stage investment opportunities. Mr. Swartz has been a significant contributor to the Board since Avici was founded. "Jim was Avici's first investor and played a major role in guiding the company through its formative formative /for·ma·tive/ (for´mah-tiv) concerned in the origination and development of an organism, part, or tissue. years. We are grateful for his leadership," said Surya Panditi. About Avici Systems Avici Systems Inc., headquartered in North Billerica, Mass., is a leading provider of purpose-built carrier-class routing solutions for the Internet. Avici's family of routers is designed to meet carrier requirements for the highest scalability, reliability and network availability, while lowering the total cost of building and operating their networks. The company's routing systems provide new IP solutions to some of the world's leading service providers. For more information, please visit us at www.avici.com. Avici is a trademark of Avici Systems Inc. This release contains information about Avici's future expectations, plans, and prospects that constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. When used in this press release, the word "will", "expected" and other similar expressions are intended to identify such forward looking statements. Such risks and uncertainties include, but are not limited to, market acceptance of Avici products, services and enhancements, customer purchasing patterns and commitments, development of the market place, product development and enhancement, intensity of competition of other vendors, technological changes and other risks set forth in Avici's filings with the Securities and Exchange Commission. |
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