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Peter Lyne Appointed Vice President and Managing Director EMEA for Somera Communications
Santa Barbara, California and Amsterdam (ots/PRNewswire) -
Somera Communications, Inc. (Nasdaq: SMRA), a global provider of telecom equipment lifecycle management services, today announced that Peter Lyne has joined the company as Vice President and Managing Director for EMEA (Europe Middle East, and Africa) operations. Mr. Lyne will be based at Somera's EMEA headquarters in Amsterdam.
"Peter brings a wealth of experience with European carriers and manufacturers, a deep understanding of telecommunications equipment and services, and a 'will to win' attitude that is key to our success," said David Heard, president and CEO, Somera. "We believe the environment in EMEA represents tremendous opportunities for Somera to help customers efficiently manage their network equipment lifecycles. As operators concentrate on the introduction of new technologies, Somera has a distinct advantage in supporting their network lifecycles through our ability to optimize legacy structures by buying, selling, and servicing equipment and maximizing ROI. Peter will provide the operational, sales, and marketing leadership to further strengthen our capabilities and market position to accelerate growth in this region."
"I believe the Somera strategy presents a terrific opportunity to telecommunications carriers to extend the life of their networks, improve cash flow, and concentrate scarce resources on new services and technologies," said Peter Lyne. "Somera is well positioned to help the international community maximize their equipment lifecycles and get the best return on investment."
Prior to joining Somera, Lyne served as President for Nortel Networks Global Professional Services, EMEA, where he was responsible for developing a services business encompassing all aspects of the development, sales and delivery of the Services Business solutions. Under his management, Nortel experienced a six times increase in business from this division. Prior to this, Lyne served as a Vice President at Nortel Networks GPS EMEA, where he was responsible for the Global Cable & Wireless Account. Lyne has also served as a Managing Director of Bell Cablemedia South and for Bell Cablemedia East Anglia. He has also held senior sales positions with ICL and STC Submarine Systems.
About Somera Communications
Somera provides equipment lifecycle solutions to support operators need to extend the life of legacy networks at the lowest cost and greatest return. The company buys, sells, and services new and refurbished equipment and provides strategic support to maximize equipment lifecycles and ROI. Founded in 1995, Somera has developed an impressive base of over 1,100 customers worldwide, including the industry leaders from each segment of the telecommunications market. Visit Somera on the Web at 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 the ability of the company to strengthen partnerships, develop strategic alliances and expand international sales; the company's expectation of a turn around in its business and its subsequent return to profitability; the ability of the company to capitalize on changing telecommunications environment; and the ability of the company to help telecommunications carriers manage their networks. 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; the impact of competition in the market for supplying equipment to telecommunications operators; the risk of potential shortage of product supply; risks regarding the company's ability to expand international operations and build 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 news 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.
Web site: http://www.somera.com
ots Originaltext: Somera Communications, Inc.
Im Internet recherchierbar: http://www.newsaktuell.ch
USA, Kelly Delany, Director of Communications, +1-805-699-3384,
firstname.lastname@example.org, or Europe, Peter Lyne, Vice President, Managing
Director, email@example.com, both of Somera Communications, Inc.