Harmonic Names Michael Moone Chief Operating Officer; Organizational Changes to Support Execution of Worldwide Growth Strategy.Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 13, 2001 Harmonic Inc. (Nasdaq:HLIT) today announced a reorganization of the Company's senior management staff under Anthony J. Ley, Harmonic's Chairman, President and Chief Executive Officer. The new organization strengthens Harmonic's management team and provides the structure to support the next stage of the Company's development of its digital headend and fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber businesses. Joining Harmonic as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. is Michael Moone, formerly Group Vice President, Consumer Line of Business, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc. Mr. Moone, reporting to Mr. Ley, will oversee the day-to-day operations of Harmonic's divisions and worldwide sales and services organization. "Our commitment is to align our organization to meet our strategic objective of expanding our cable, satellite, wireless and telco market share," said Mr. Ley. "Michael has a proven track record in expanding business-to-business relationships, understanding the relationship between communications infrastructure and the end-user, and building products and channels into new markets. His technical, marketing, and business expertise make him ideally suited for meeting our goal of operational excellence while growing Harmonic's key businesses." As Cisco's Group Vice President, Consumer Line of Business, Mr. Moone was responsible for driving strategic alliances and partnerships at the infrastructure level to ensure a rewarding and entertaining experience for home users of interactive services. Prior to joining Cisco, Mr. Moone was 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. of V-Bits, Inc., which was acquired by Cisco in 1999. Over the past 25 years, Mr. Moone has held executive management positions at Faroudja Laboratories, HealthRider, Merchantec, Atari and Milton Bradley  This article or section is written like a personal reflection or and may require .Please [ improve this article] by rewriting this article or section in an . . Additional Organizational Changes Dr. Yaron Simler will assume responsibilities of President of the Convergent Systems Division. Dr. Simler has served Harmonic for more than 10 years, most recently as Vice President of Marketing, Convergent Systems Division. Dr. Simler, along with Dr. Patrick Harshman, President of the Broadband Access See broadband and wireless broadband. Networks Division, Effi Atad, President of Harmonic Data Systems, and Mark Carrington Mark Carrington may refer to:
About Harmonic Inc. Harmonic is a leading provider of innovative broadband solutions that deliver video, voice and data to communications providers around the world. Harmonic's technically advanced fiber optic, digital video and IP data delivery systems enable network operators to provide a range of interactive and advanced digital services that include high-speed Internet See broadband. access, telephony, digital video, HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates , video & audio streaming, and video-on-demand. Headquartered in Sunnyvale, Calif., Harmonic employs approximately 900 people and operates more than 15 R&D and sales & system integration centers globally. Harmonic's customer base includes the world's largest communications providers. Harmonic's stock is traded on the Nasdaq stock market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "HLIT." For more information, check the company's website at www.harmonicinc.com. This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward looking statements include statements regarding the Company's objective of expanding the Company's cable, satellite, wireless and telco market share and the Company's goal of operational excellence while growing its key businesses. These forward-looking statements are also subject to risks and uncertainties which could cause actual results to differ materially from those projected in the forward-looking statements as a result of the risk factors detailed in Harmonic's filings with the Securities and Exchange Commission, specifically reports 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. and 10-Q. Editor's Note: Product and company names used here are trademarks or registered trademarks of their respective companies. |
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