PCTEL Appoints Bill Roach as CEO and President
PCTEL Appoints Bill Roach as CEO and President
February 15, 2001
Since August 1999, while serving as PCTEL’s president and chief operating officer, Roach worked with Chen to steer the company through its successful IPO, directed its product expansion into broadband and assisted with the company’s acquisition of two technology firms.
“I am enthusiastic about this transition, which is possible today due to the experienced management team now in place within our company,” Chen said. “I have the utmost confidence in Bill’s ability to lead PCTEL into emerging non-PC markets while maintaining our position in voiceband as the soft modem leader.”
In commenting on his new role, Roach noted that he was looking forward to continuing to work closely with the company’s board of directors as PCTEL aggressively expands into the embedded, broadband and wireless markets. “It is a great privilege to lead the PCTEL team as we move forward in extending our focus beyond our dominance in the legacy voiceband business to new markets for software-based Internet access technology,” he said.
In other actions taken by the board of directors, current board member Marty Singer was appointed non-executive chairman. The former CEO of SAFCO Technologies has served on the board of directors since August 1999.
“My job is to help Bill strengthen his board and PCTEL’s technology leadership,” Singer said. “Bill is the right leader to take PCTEL to the next level, and the entire board will support him in that mission.”
Prior to joining PCTEL, Roach served as senior vice president, worldwide sales and marketing for Maxtor Corporation, a $2.4 billion developer, manufacturer and marketer of information storage products for desktop computer systems. While at Maxtor, Roach helped the company triple its revenue and unit production, and was a member of the executive team that conducted the successful IPO in the Maxtor spinoff from Hyundai. Roach has also been executive vice president, worldwide sales for Quantum Corporation, a data storage company. During Roach’s tenure with Quantum, the company grew to become the second-largest hard disk manufacturer in the world. Roach also held a 13-year tenure at Intel Corp. in a variety of management assignments.
Singer is currently president and CEO of Ultra Fast Optical Systems, Inc. Earlier this year, Singer sold SAFCO Technologies, Inc. to Agilent Technologies. Singer had led SAFCO, a leader in wireless test, measurement and services, since December 1997. Prior to SAFCO, Singer was vice president and general manager of the Wireless Access Business Development Division for Motorola’s Cellular Infrastructure Group, where he also managed worldwide licensing. Singer has held management positions at Tellabs, AT & T and Bell Labs.
CONFERENCE CALL / WEBCAST
Roach and Singer will participate in PCTEL’s hosted conference call on Friday, February 16 at 8:30 AM PST (11:30 AM EST). The dial-in number is (800) 633-8581 (within the US), (212) 676-5241 (International). The replay number for three days after the call is (800) 633-8284 (U.S.), (212) 676-5241 (International), access code 17990709. The conference call will also be broadcast via the web at www.videonewswire.com/PCTEL/021601/ or at www.pctel.com investors page.
PCTEL, founded in March 1994, is driving the evolution of innovative, cost-effective personal connectivity solutions including analog soft modems, digital broadband, home networking, high-density carrier-side and embedded Internet access technology. The company’s market leadership has led to a wide-ranging and comprehensive portfolio of more than 43 broadband and analog communications patents, including the key and essential patents for HSP modem technology. PCTEL products are available to PC and data communications equipment manufacturers, as well as a variety of vertical market OEMs. PCTEL is located at 1331 California Circle, Milpitas, Calif., 95035. Telephone: (408) 965-2100. Fax: (408) 895-0178. For more information on PCTEL products, visit the PCTEL website at http://www.pctel.com.
PCTEL Safe Harbor Statement
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, regarding the company’s current management and the expansion of PCTEL’s broadband, embedded and wireless market sectors. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to; day-to-day staffing needs, the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new products; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company disclaims any obligation to update or revise the information contained in any forward-looking statements, whether as a result of new information, future events or otherwise.