Xicor, Inc. Announces Appointment of Co-Chairman To the Board of Directors; President and CEO Lou DiNardo to Join J. Daniel McCranie in New Role as Co-Chairman.Business Editors/High-Tech Writers MILPITAS Milpitas (mĭl'pē`təs), city (1990 pop. 50,686), Santa Clara co., W Calif., a suburb of San Jose, southeast of San Francisco; inc. 1954. Manufactures include computers and paint. , Calif.--(BUSINESS WIRE)--Jan. 21, 2004 Xicor, Inc. (Nasdaq:XICO Xico could be referring to either of two cities in Mexico:
Mr. McCranie joined Xicor as a board member in May 2000 and was elected to the position of chairman in November November: see month. 2000. He currently serves as chairman of the board of ON Semiconductor and Virage Logic. Prior to joining Xicor Mr. McCranie held the position of Executive Vice President of Sales and Marketing at 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). and was president and chief executive officer of SEEQ SEEQ Student Evaluation of Educational Quality , Corporation. Mr. McCranie commented, "It has been both an honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. and great fun to have helped the board of directors, Lou DiNardo and his entire team in the creation of a modern mixed-signal semiconductor company. The effort required to make such a transformation was intense, relentless and emotional. The employees of Xicor have met every challenge with intelligence, energy and passion. I look forward to watching this company continue to expand market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" in the high-margin spectrum of the analog mixed-signal semiconductor market. "My engagement regarding board directorships in general, and Xicor in particular, has always been to help launch and drive the changes necessary to create a successful company and, when that task is largely completed, to leave the organization. Our decision to have Lou DiNardo join me as co-chairman of Xicor will provide both additional strong leadership and a stable transition for the board as I take leave of the company later this year." Mr. DiNardo joined Xicor as a director and president and chief executive officer in November 2000. Prior to joining Xicor Mr. DiNardo served as General Manager of the Mixed Signal Products Business Unit at Linear Technology Corporation. In his thirteen years of service with Linear Technology Mr. DiNardo held a variety of senior and executive management positions including vice president of marketing. Mr. DiNardo noted, "Dan McCranie has provided invaluable service to Xicor. He has played an integral part in the formation of strategy and helped instill in·still v. To pour in drop by drop. in  stil·la tion n. greater discipline and accountability throughout our organization. The impact he has had is evident in our results. In just three years we have transformed Xicor into a high-performance analog semiconductor company. We have achieved 30% year-to-year sales growth in analog products in 2003 and analog products now represent almost 80% of sales. We have increased our gross margin percentage significantly year over year and achieved gross margin of over 58% in the fourth quarter of 2003. We have eliminated our long term debt and completed two important acquisitions. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent"above all, most especially we have introduced compelling new products that address growth markets. "On behalf of the employees at Xicor and our board of directors I would like to express our appreciation to Dan for the crucial role he has played in our success and his commitment to the company, its employees and shareholders." Xicor product, corporate and financial information is readily available on the World Wide Web at http://www.xicor.com. 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 Except for historical information contained herein, the matters set forth in this press release are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. These risks may include the impact of competing products and pricing, timely design acceptance by our customers, timely ability to ramp new products into volume production, industry wide shifts in supply and demand for semiconductor products, and other risks detailed from time to time in Xicor's SEC filings. "Xicor" is a registered trademark and "XDCP" is a trademark belonging to Xicor Inc. All other trademarks are the properties of their respective owners. |
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