Somera Appoints Kent Coker as Chief Financial Officer
2005年3月3日 - 11:00PM
PRニュース・ワイアー (英語)
Somera Appoints Kent Coker as Chief Financial Officer DALLAS, March
3 /PRNewswire-FirstCall/ -- Somera Communications, Inc.
(NASDAQ:SMRA), a global provider of telecom equipment lifecycle
management services, today announced that Kent Coker will join the
company as Senior Vice President and Chief Financial Officer. Coker
will assume the position in mid- to late-March, 2005 and will be
located at the company's headquarters near Dallas, Texas. "Kent
brings an excellent complement of skills to Somera and will be an
integral member of our executive team," said David W. Heard,
Somera's President and Chief Executive Officer. "His background in
process improvement and success in driving cost efficiencies and
compliance will be valuable assets to our organization as we work
to further improve our balance sheet, strengthen our internal
processes, grow our business and return to profitability.
Additionally, Kent has a wealth of industry knowledge and proven
abilities in managing global businesses, which are key strengths
that Somera will require as we continue our future growth." "Based
on my extensive financial background and long history of operations
in telecommunications, I believe the value proposition that Somera
delivers is extremely viable in helping carriers attain a superior
return on assets and an increase in their cash flow," added Coker.
"Providing carriers with a strategy to lower the cost of legacy
networks and deliver capital and operating savings is extremely
compelling in today's business climate. I am very excited to have
this opportunity to contribute to establishing Somera's leadership
position in Lifecycle Management Services and working with the
strong management team the company has built." Previously, Coker
was employed by Chorum Technologies, a provider of fiber optic
equipment for the telecommunications industry. He joined Chorum in
1999 as Chief Financial Officer and subsequently added the role of
Chief Operating Officer before being selected to lead the company
as Chief Executive Officer and Member of the Board of Directors.
Before Chorum, Coker was at Compaq Computers, where he held the
position of Vice President of Finance of the telecommunications
solutions group. Prior to Compaq, he served in several senior
financial roles at DSC Communications, including Vice President of
Finance of the Access Products Group and Chief Financial Officer of
DSC's European division based in Copenhagen, Denmark. Coker began
his career at Ernst & Young as a Certified Public Accountant
and holds both a B.B.A. and an M.S. in Accounting from Texas Tech
University. About Somera Communications Somera provides equipment
Lifecycle Management Services to support carriers' need to more
effectively manage the assets of their aging networks at the lowest
cost and greatest return through the sourcing, servicing, and
liquidation of telecommunications equipment. The Company's services
are comprised of Equipment Brokerage, Somera RecoveryPLUS(TM),
Somera RepairPLUS, and Somera LifecyclePLUS. Founded in 1995,
Somera has worked with over 1,100 customers worldwide, including
the industry leaders from each segment of the telecommunications
market. Visit Somera on the web at http://www.somera.com/. This
news release contains forward-looking statements as that term is
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including those regarding Somera's ability to execute on its
Lifecycle Management Services strategy, improve its balance sheet,
strengthen its internal processes, grow its business and return to
profitability. Forward-looking statements involve a number of risks
and uncertainties including, but not limited to, general economic
conditions particularly affecting the telecommunications industry;
capital equipment spending levels in the telecommunications
industry, including the risk of continued customer spending delays
associated with carrier consolidation; the impact of competition in
the market for supplying equipment to telecommunications operators;
the risk of potential shortage of product supply; Somera's ability
to reduce operating expenses and breakeven revenue amounts; risks
regarding the company's ability to expand domestic and
international operations and build lifecycle management services
capabilities; and other factors fully described in the company's
reports to the Securities and Exchange Commission (SEC), including
but not limited to, the Annual Report on Form 10-K for the fiscal
year ended December, 31, 2003, and Quarterly Reports on Form 10-Q.
Actual results may differ materially from the statements contained
in this new release. The company does not undertake to update any
forward-looking statements that may be made by or on behalf of the
company. Copies of Somera's SEC filings may be obtained by
contacting Investor Relations, Somera Communications, at
1-805-681-3322. DATASOURCE: Somera Communications, Inc. CONTACT:
Kelly Delany of Somera Communications, Inc., +1-805-861-3322, Web
site: http://www.somera.com/
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