Wavecom appoints Managing Director for Asia Pacific subsidiary.Business Editors/High-Tech Writers ISSY-LES-MOULINEAUX, France--(BUSINESS WIRE)--March 25, 2003 Wavecom SA (Nasdaq:WVCM WVCM Workspace Versioning and Configuration Management ) (Euronext Nouveau Marche Nouveau Marche An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. : 7306) announces the appointment of Didier Dutronc as Managing Director of its Hong Kong-based subsidiary Wavecom Asia Pacific Limited. Mr. Dutronc will be responsible for developing Wavecom's business in Asia, where the priority objectives are sales growth and the development of relations with Asian customers. Didier Dutronc, 43, graduated 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 ESME ESME External Short Message Entity (external sources and sinks of short messages) ESME Ecole Speciale de Mecanique et d'Electricite (French engineering school) ESME Enhanced Simulation Modeling Environment in Paris and holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from IAE IAE Institut d'Administration des Entreprises (France) IAE International Aero Engines IAE Impuesto de Actividades Económicas IAE In Any Event IAE Integrated Acquisition Environment IAE Inflatable Antenna Experiment in Paris. Throughout his career he has developed proven sales, marketing and management skills in multicultural international environments, with an emphasis on high-tech markets. He began his career in 1983 with Analog Devices Analog Devices (NYSE: ADI) is an American multinational producer of semiconductor devices. Analog specializes in ADC, DAC, MEMS, and DSP chips for consumer and industrial goods. Analog is presently designing circuits in the 65 nanometer to 3 µm process feature sizes range. in Paris, then joined Texas Instruments for a ten-year spell in 1987, starting as European sales manager for government and space, then moving on to take charge of distribution, sales and marketing for the Middle East and Africa in 1994. In 1997, Mr. Dutronc joined Alcatel Optronics as Worldwide VP Sales and Marketing, with a seat on the board of directors. Here, he implemented an effective strategy for the development of customer relations worldwide, and particularly in Asia. In 2000, he was appointed 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 the subsidiary Alcatel Optronics Inc, in Dallas, Texas. Wavecom has subsidiaries in Hong Kong (China) and Seoul (Korea), and offices in Beijing (China), Tokyo (Japan) and Taipei (Taiwan). The Asia-Pacific region accounted for 82.2% of Wavecom sales in 2002. About Wavecom Founded in 1993 and headquartered near Paris in Issy-les-Moulineaux, Wavecom has subsidiaries in Hong Kong (PRC), Seoul (South Korea) and San Diego (USA). Company revenues totaled EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 551.1 million in 2002. Wavecom is publicly traded on Euronext Paris (Nouveau Marche) in France and on the NASDAQ National Market exchange in the U.S. www.wavecom.com This press release may contain forward-looking statements that relate to the Company's plans, objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "believes" and "estimates," and variations of such words and similar expressions identify such forward-looking statements. The Company's business is subject to numerous risks and uncertainties, including probable variability in the Company's quarterly operating results, manufacturing capacity constraints, dependence on a limited number of customers, variability in production yields, dependence on third parties, currency rate changes and risks associated with managing growth. These and other risks and uncertainties, which are described in more detail in the Company's most recent filings with the Securities and Exchange Commission, could cause the Company's actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. |
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