Electroglas appoints John P. "J.R." Livingston vice president and chief information officer.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--June 26, 1997-- Electroglas, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EGLS EGLS Eastside German Language School (Issaquah, WA) ), a market-leading supplier of automatic wafer probing and information management products to the global semiconductor industry, and pioneer of fully integrated sort floor networked communications, today announced the appointment of John P. "J.R." Livingston to the newly created position of vice president and chief information officer (CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. ). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Electroglas, the new position was established in response to its plans for facility expansions addressing the company's increase in global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. activities. Livingston, reporting to Armand Stegall, Electroglas chief financial officer, will be responsible for Electroglas' Information Technology (IT) group, which includes communications, networks and business systems. Stegall commented on the significance of this new position as the company continues to optimize its information systems and prepare for its new headquarters in south San Jose South San Jose is a large geographic area in San Jose, California, USA. South San Jose consists mainly of middle-class latino neighborhoods. Some of those neighborhoods include:
"Electroglas' growth has more than doubled within the last five years. This, combined with our plans for a new headquarters facility places greater importance on information technology strategies," stated Stegall. "J.R. brings over two decades of experience in implementing and managing information systems with some of the most influential technology-based companies. His expertise will help ensure Electroglas has the world-class, company-wide communications to support its future growth," noted Stegall. Livingston, who brings to Electroglas extensive experience in operations and all aspects of high-tech information management, is chartered with driving all IT initiatives. This includes IT strategy, enterprise-wide electronic messaging, local and wide area networks for domestic and international sites, applications development, end-user support, Internet services and Intranet deployment. Most recently, Livingston served as vice president of information systems for Adaptec Corp. (Milpitas, Calif.) from 1994 to 1997. Livingston was responsible for global information services See Information Systems. and technologies development and support. Prior to joining Adaptec, Livingston held the post of vice president of quality and customer services with Maxtor Corp. (San Jose, Calif.). Before that, Livingston held various management positions within Apple Computer Inc. (Cupertino, Calif.) from 1983 through 1990, which included the management information systems (MIS) manager responsible for the worldwide manufacturing information systems and the start-up of the original Macintosh factory automation. His background also includes various operational roles with Texas Instruments (Dallas) from 1972 to 1983. Except for statements of historical fact, the statements in this press release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include semiconductor industry cycles, risks associated with the acceptance of new products and product capabilities, and other factors detailed in the Company's reports on Forms 10-K and 10-Q, and annual report to shareholders. About Electroglas: Founded in 1960, Electroglas, Inc. is a world-leading supplier of the automated wafer-probing products and information management products that semiconductor manufacturers rely on to sort and classify integrated circuits. The company's products position semiconductor devices that are still in wafer form under contact probes to facilitate accurate, rapid, reliable testing, and manage information collected during the testing process. In May 1997, Electroglas finalized its acquisition of Knights Technology. Knights Technology is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Electroglas. Electroglas' common stock is traded on the Nasdaq National Market under the trading symbol Trading symbol See: Ticker symbol EGLS. Electroglas' home page on the World Wide Web is located at http://www.electroglas.com . CONTACT: Electroglas, Inc. Yolanda Ruiz, 408/727-6500 or MCA MCA in full Music Corporation of America Entertainment conglomerate. It was founded in Chicago in 1924 by Jules Stein as a talent agency. In the 1960s it bought Decca Records and Universal Pictures, and today it produces films, music, and television shows. Inc. Vincent Mayeda, 415/968-8900 |
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