WOBURN, Mass.--(BUSINESS WIRE)--May 15, 2006--Skyworks Solutions,
Inc. (NASDAQ: SWKS), an industry leader in radio solutions and
precision analog semiconductors, today announced that the company has
elected Robert A. Schriesheim to its board of directors. Schriesheim
is a general partner for ARCH Development Partners, a seed stage
venture capital fund that focuses on information technology / services
and life sciences.
"Rob Schriesheim is an excellent addition to our board of
directors," said Dwight W. Decker, Skyworks' chairman of the board.
"He is a strategic thinker with global experience whose operational
and financial expertise will help us ensure we are creating maximum
Schriesheim, 46, has been with ARCH Development since 2002, and
been instrumental in building a portfolio of technology investments.
Prior to ARCH, Schriesheim was executive vice president, corporate
development and chief financial officer for Global Telesystems, a $1
billion publicly-traded company based in London that was acquired by
KPNQwest in 2002. Previously, he was president and chief executive
officer of SBC Equity Partners. His earlier career included various
executive positions in corporate development and finance with
Ameritech, AC Nielsen and Brooke Group.
"I am excited to be joining Skyworks' board of directors at this
key growth stage of the company," said Schriesheim. "I look forward to
sharing my experience as Skyworks solidifies its position as the
industry leader in multimode radios and analog semiconductors."
Schriesheim graduated from Princeton University with a bachelor's
degree in chemistry and completed his master's in business
administration from the University of Chicago.
Skyworks Solutions, Inc. is an industry leader in radio solutions
and precision analog semiconductors servicing a diversified set of
mobile communications applications. The company's power amplifiers,
front-end modules and direct conversion transceivers are at the heart
of many of today's leading-edge multimedia handsets, cellular base
stations and wireless networking platforms. Skyworks also offers a
portfolio of highly innovative linear products, supporting a diverse
set of automotive, broadband, industrial and medical customers.
Headquartered in Woburn, Mass., Skyworks is worldwide with
engineering, manufacturing, sales and service facilities throughout
Asia, Europe and North America. For more information, please visit
Skyworks' Web site at: www.skyworksinc.com.
Safe Harbor Statement
This news release includes "forward-looking statements" intended
to qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include information relating to future
results of Skyworks (including certain projections and business
trends). Forward-looking statements can often be identified by words
such as "anticipates", "expects", "intends", "believes", "plans",
"may", "will", "continue", similar expressions, and variations or
negatives of these words. All such statements are subject to certain
risks and uncertainties that could cause actual results to differ
materially and adversely from those projected, and may affect our
future operating results, financial position and cash flows.
These risks and uncertainties include, but are not limited to:
global economic and market conditions, such as 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
and existing products; the ability to develop, manufacture and market
innovative products in a rapidly changing technological environment;
the ability to compete with products and prices in an intensely
competitive industry; product obsolescence; losses or curtailments of
purchases from key customers or the timing of customer inventory
adjustments; the timing of new product introductions; the availability
and extent of utilization of raw materials, critical manufacturing
equipment and manufacturing capacity; pricing pressures and other
competitive factors; changes in product mix; fluctuations in
manufacturing yields; the ability to continue to grow and maintain an
intellectual property portfolio and obtain needed licenses from third
parties; the ability to attract and retain qualified personnel; labor
relations of the company, its customers and suppliers; economic,
social and political conditions in the countries in which Skyworks,
its customers or its suppliers operate, including security and health
risks, possible disruptions in transportation networks and
fluctuations in foreign currency exchange rates; and the uncertainties
of litigation, as well as other risks and uncertainties, including but
not limited to those detailed from time to time in the company's
filings with the Securities and Exchange Commission.
These forward-looking statements are made only as of the date
hereof, and the company undertakes no obligation to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise.
Skyworks and Skyworks Solutions are trademarks or registered
trademarks of Skyworks Solutions, Inc. or its subsidiaries in the
United States and in other countries. All other brands and names
listed are trademarks of their respective companies.
CONTACT: Skyworks Solutions, Inc.
Pilar Barrigas (Media Relations), 949-231-3061
Thomas Schiller (Investor Relations), 949-231-4700
SOURCE: Skyworks Solutions, Inc.