Cypress Names Nortel Veteran James R. Long to Board of Directors; Industry Veteran Adds Networking Expertise to Cypress Board.Business Editors/High-Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 15, 2000 Cypress Semiconductor Corporation (NYSE NYSE See: New York Stock Exchange :CY) today announced that it has named James R. Long to its board of directors. Long, the ex-CEO of Nortel Network Systems, is expected to add not only executive savvy, but also a deeper datacom perspective to Cypress's board. Long's career, spanning 35 years in high technology industries, has included senior positions with Rolm and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . He currently sits on the boards of NCR Corporation, Symon Communications Company, 3Com Corporation, and the Polynesian Cultural Center The Polynesian Cultural Center (PCC) is a living museum located in Lā'ie, on the northern part of Oʻahu, Hawaiʻi. in Hawaii. Long was most recently the president of the enterprise solutions division at Nortel Networks. The division generated more than $6 billion in annual revenue and employed 20,000 people worldwide. Long joined Nortel in June 1991 and retired in December 2000. During that time, he spearheaded the creation of seven joint ventures in China and led the acquisition or integration of Bay Networks, Clarify Corp. and Periphonics Corp. into Nortel Networks. "James Long's extensive exposure to the networking industry will bring a fresh vision to Cypress's efforts to increase our share of this growing market," said Cypress President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. T.J. Rodgers. "Having worked for large, worldwide organizations, he has a strong sense of the factors Cypress needs to capitalize on to achieve even greater growth." Cypress sets very high standards for individuals considered for election to its board of directors. The company requires experience as the CEO of a major technology company and direct experience managing a semiconductor firm or a company that buys from the semiconductor industry. The other members of the Cypress board of directors are Eric Benhamou, Chairman and CEO of 3Com; Fred Bialek, one of the five founders of National Semiconductor; John Lewis, Chairman and former CEO of Amdahl Corp.; Alan Shugart, co-founder and CEO of Shugart Associates; and T.J. Rodgers. About Cypress Cypress Semiconductor is "Driving the Communications Revolution"(TM) by providing high-performance integrated circuit solutions to fast-growing markets, including data communications, telecommunications, computation, consumer products, and industrial control. With a focus on emerging communications applications, Cypress's product portfolios include networking-optimized and micropower static RAMs; high-bandwidth multi-port and FIFO (First In First Out) A storage method that retrieves the item stored for the longest time. Contrast with LIFO. See traffic engineering methods. FIFO - first-in first-out memories; high-density programmable logic devices; timing technology for PCs and other digital systems; and controllers for Universal Serial Bus See USB. (hardware, standard) Universal Serial Bus - (USB) An external peripheral interface standard for communication between a computer and external peripherals over an inexpensive cable using biserial transmission. (USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ). Cypress is No. 1 in the USB and clock chip markets. More than two-thirds of Cypress's sales come from fast-growing communications markets and dynamic companies such as Alcatel, Cisco, Ericsson, Lucent, Motorola, Nortel Networks, and 3Com. Cypress's ability to mix and match its broad portfolio of intellectual property enables targeted, integrated solutions for high-speed systems that feed bandwidth-hungry Internet applications. Cypress aims to become the preferred silicon supplier for Internet switching systems and for every Internet data stream to pass through at least one Cypress IC. Cypress employs more than 4,100 people worldwide with international headquarters in San Jose, Calif. Its shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CY. More information about Cypress is accessible electronically on the company's worldwide Web site at http://www.cypress.com or by CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). (call 1-800-858-1810). An electronic investor forum, and other investor information, is located at http://www.cypress.com/investor/index.html. "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. " Statement 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: Statements herein that are not historical facts are "forward-looking statements" involving risks and uncertainties, including by not limited to: the effect of global economic conditions, shifts in supply and demand, market acceptance, product development, and commercialization and technological difficulties. Please refer to Cypress's Securities and Exchange Commission filings for a discussion of such risks. Note to Editors: "Driving the Communications Revolution" is a trademark of Cypress Semiconductor. |
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