|Dado Back in Charge at Ikanos|
|Wednesday, 15 June 2011 19:53|
Dado Banatao worked miracles in the chip business over the decades, but so far hasn't been able to pull any rabbits out of the hat for Ikanos. His VC firm took control of the company a while back and Dado did a turn as CEO. He passed the job on to John Quigley from SiRF another of his companies. That hasn't worked out. John is now leaving and "will now be pursuing interests more aligned to my passion for change management and enabling both individuals and organizations to explore the unfettered art of the possible.”
Dado's first action was to Company confirm revenue and earnings for the second quarter. Revenues will be between $31.0 million and $34.0 million. VDSL, the company's strength, is booming in Europe. Germany, England, KPN in Holland and Belgacom are deploying.
Ikanos Vice President of Vectoring Technology, Kevin Fischer, recently brought a 32 line demonstration of node-scale vectoring to the TNO conference in Leiden. Ikanos believes "Line-card only vectoring provides only marginal benefits," at least in some realworld examples. They believe that noise needs to be cancelled across the binder to be effective in large-scale network deployments. I'm waiting for field trials and actual deployments to prove what works. Without a doubt, vectoring VDSL can dramatically reduce noise and increase speeds on short (less than 1,000 meter) loops.
Bonding + vectoring = 100 megabit DSL. Some places, someday. Probably soon.
Diosdado Banatao Elected Interim President and CEO
John Quigley Resigns as Director, President and CEO
FREMONT, Calif., June 15, 2011 — Ikanos Communications, Inc. (NASDAQ: IKAN), a leading provider of advanced broadband semiconductor and software products for the digital home, today announced that, effective immediately, John Quigley has resigned as president and CEO, and as a member of its board of directors. Diosdado Banatao, the executive chairman of Ikanos’ board of directors, was elected interim president and CEO effective immediately. The Company will begin a search for a new president and CEO.
“We thank John for the job he has done as Ikanos’ president and CEO,” said Banatao. “His engineering expertise, business acumen and leadership will be missed. He helped the Company turn an important corner, brought greater focus to the organization and drove the development of truly breakthrough broadband technologies that should propel Ikanos’ future growth.”
“Working together as a team we have established both a truly compelling roadmap and the disciplined processes and thinking to execute and deliver it. Moving forward, I will now be pursuing interests more aligned to my passion for change management and enabling both individuals and organizations to explore the unfettered art of the possible,” said Quigley.
Banatao has been the Company’s chairman of the board since August 2009 and executive chairman of the board since April 2010 and previously served as the Company’s interim president and chief executive officer from April 2010 to July 2010. Banatao has served as a founder and managing partner of Tallwood Venture Capital, a venture capital firm, since July 2000. From April 2008 to June 2009, Banatao served as interim chief executive officer of SiRF Technology Holdings, Inc., a publicly-traded company that was acquired by CSR plc in June 2009 (SiRF). From October 2006 to August 2007, Banatao served as interim president and chief executive officer of Inphi Corporation. Prior to forming Tallwood, Banatao was a venture partner at the Mayfield Fund, a venture capital firm, from January 1998 to May 2000. Banatao co-founded three technology startups: S3 Graphics Ltd in 1989, Chips & Technologies, Inc. in 1985 and Mostron in 1984. Banatao holds a B.S. in Electrical Engineering from the Mapua Institute of Technology in the Philippines and an M.S. in Electrical Engineering from Stanford University.
Ikanos Reconfirms Guidance
|Last Updated on Wednesday, 15 June 2011 20:38|