Conexant Elects Balakrishnan S. Iyer to Board of Directors; Company's Chief Financial Officer Assumes Newly Established Seat.Business Editors and High-Tech Writers NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Feb. 11, 2002 Conexant Systems, Inc. (Nasdaq:CNXT), a worldwide leader in semiconductor system solutions for communications applications, today announced that Balakrishnan S. Iyer, senior vice president and chief financial officer for Conexant, has been elected to a newly established seat on the company's board of directors. "It is with great pleasure that I welcome Bala to Conexant's board of directors," said Dwight W. Decker, Conexant's chairman and chief executive officer. "This appointment is an acknowledgement of the outstanding contributions he has made to Conexant since joining the company as we were preparing to separate from Rockwell in 1998. "As a member of Conexant's board of directors, we will now have the continuing benefit of Bala's counsel and expertise, even after he moves with the Mindspeed Technologies team upon the completion of their transition to an independent publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . With his experience and perspective, I am confident that Bala will be a strong representative for the interests of the shareholders of the continuing Conexant." Iyer has served as senior vice president and chief financial officer for Conexant since December 1998, and played an integral role in the spin-off of Conexant from Rockwell. He is also now acting as the chief financial officer of Mindspeed, and will help guide its upcoming separation from Conexant. Iyer is expected to join Mindspeed's board of directors and become its chief financial officer when it becomes a separate, publicly traded company and will retain his seat on the Conexant board. He is also a board member of Invitrogen Corp. (Nasdaq:IVGN). Previously, he served as senior vice president and chief financial officer of VLSI Technology VLSI Technology, Inc was a company which designed and manufactured custom and semi-custom ICs. The company was based in Silicon Valley, with headquarters at 1109 McKay Drive in San Jose, California. Inc. where he was responsible for all worldwide financial functions, information technology and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . Prior to joining VLSI VLSI: see integrated circuit. (1) (Very Large Scale Integration) Between 100,000 and one million transistors on a chip. See SSI, MSI, LSI and ULSI. (2) (VLSI Technology, Inc., Tempe, AZ, www.semiconductors. , Iyer was corporate controller for Cypress Semiconductor Cypress Semiconductor is a semiconductor design and manufacturing company. It began operations in 1982 and listed publicly in 1986. Two years later, the company shifted over to the New York Stock Exchange under the symbol, (NYSE: CY). . During his career, he has held a variety of other key management positions, including finance director and group controller for Advanced Micro Devices. Iyer earned a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in finance from the Wharton School at the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . He also holds a master's degree in industrial engineering from the University of California at Berkeley (body, education) University of California at Berkeley - (UCB) See also Berzerkley, BSD. http://berkeley.edu/. Note to British and Commonwealth readers: that's /berk'lee/, not /bark'lee/ as in British Received Pronunciation. , as well as a bachelor's degree in mechanical engineering from the Indian Institute The Indian Institute in central Oxford, England is located at the north end of Catte Street on the corner with Holywell Street and faching down Broad Street from the east.[1] of Technology in Madras, India. About Conexant Conexant Systems, Inc. is a worldwide leader in semiconductor system solutions for communications applications. Conexant leverages its expertise in mixed-signal processing to deliver integrated systems and semiconductor products through three separate businesses that address the wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , broadband access and Internet infrastructure markets. Conexant's wireless communications business is focused on providing power amplifiers, radio-frequency subsystems and complete systems solutions. The broadband access business develops and delivers integrated solutions that enable digital entertainment and information networks for the home and small office. Mindspeed Technologies, the company's Internet infrastructure business, designs, develops and sells a complete portfolio of semiconductor networking solutions that facilitate the aggregation, transmission and switching of data, video and voice from the edge of the Internet to linked metropolitan area networks and long-haul networks. Conexant, headquartered in Newport Beach, Calif., delivered revenues of $1.1 billion for fiscal 2001, and has approximately 6,900 employees worldwide. The company is a member of the S&P 500 and Nasdaq-100 indices. To learn more, visit us at www.conexant.com or www.mindspeed.com. Note to Editors: Conexant and Mindspeed are trademarks of Conexant Systems, Inc. Other brands and names contained in this release are the property of their respective owners. |
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