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Mohan Gyani Appointed to SiRF Technology Board of Directors8 November 2005
SiRF Technology, a leading provider of GPS enabled location solutions, today announced the appointment of Mohan Gyani to the SiRF board of directors. Gyani is currently the CEO & chairman of the board of Roamware, Inc., a Silicon Valley private company that provides value added services to over 180 wireless services operators in over 70 countries. Mr. Gyani brings 27 years of telecom and wireless industry experience to his role as a member of SiRF's board of directors. He is the former president and chief executive officer of AT&T Wireless Mobility Services where he led the company's domestic voice and data mobility businesses, focusing on improving operating results, building out a new nationwide GSM network, and accelerating growth. Previously, he was head of Strategy and Corporate Development and a member of the board of directors for Vodafone AirTouch PLC. Prior to its merger with Vodafone, Mr. Gyani was executive vice president and chief financial officer of AirTouch Communications where he played a major operational and strategic role in the company's growth from an IPO to a $70 Billion global company in five years. "Mohan's extensive experience in the wireless industry and his history of creating record operations growth and profitability as a senior operating executive in the broad telecommunications industry are a welcome addition to SiRF," said Michael Canning, president and CEO of SiRF Technology. "Mohan's strategic insights into the wireless industry and his skill set further strengthen the diversity of the SiRF board." A widely respected veteran of the wireless and telecommunications industries, Mr. Gyani was a key driver in the $1.6 Billion IPO of AirTouch in 1993 and the $10.6 Billion IPO of AT&T Wireless in 2000. "SiRF's leadership position in the GPS industry and the overall potential for location technology in the mainstream markets makes this a very exciting opportunity," said Gyani. "I am delighted to be part of a fast growing company with great potential in the wireless industry and look forward to helping SiRF strengthen its leadership position." Gyani graduated from San Francisco State University in 1978 with an M.B.A. in Finance, and earned a B.A. in Business Administration from San Francisco State University; where he graduated in 1973, Summa Cum Laude. About SiRF Technology Holdings SiRF Technology Holdings Inc. develops and markets semiconductor and software products that are designed to enable location-awareness utilizing GPS and other location technologies in high-volume mobile consumer devices and commercial applications. SiRF's technology has been integrated into mobile consumer devices, such as automobile navigation systems, mobile phones, PDAs, GPS-based peripherals and handheld GPS navigation devices, and into commercial applications, such as asset tracking devices and fleet management systems. SiRF markets and sells its products in four target platforms: automotive, consumer electronics, mobile computing and wireless devices. Founded in 1995, SiRF is headquartered in San Jose, Calif., and has sales offices around the world. The company trades on the Nasdaq Stock Exchange under the symbol SIRF. Additional information about SiRF and its location technology solutions can be found at http://www.sirf.com. Forward-Looking Statements Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to, statements regarding the expected benefits of Mr. Gyani's service as a member of the board of directors, the potential for location technology and the Company's potential in the wireless industry are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "to," "being," "possible," "may," "addresses," "designed to," "provide," "believe," and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and should not be considered as an indication of future performance. SiRF's actual results could differ materially from those discussed in these forward- looking statements as a result of risks and uncertainties, including, among others, demand and market acceptance for our products and those of our customers, the market for GPS-based location awareness capabilities, risks associated with the semiconductor and wireless industry and other risks and uncertainties discussed in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2005 and from time to time in SiRF's SEC reports. These forward-looking statements speak only as of the date hereof. We do not undertake any obligation to update forward-looking statements.
Source: PR Newswire
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