SHORT TAKES

MERCURY APPOINTS SIMENSEN VP OF INTERNATIONAL OPERATIONS

Chelmsford, MASS. — Mercury Computer Systems, Inc. announced that Alfred L. Simensen was named vice president of International Operations. Mr. Simensen is responsible for developing and managing Mercury’s international sales and marketing organizations. “Al Simensen has been instrumental in Mercury’s growth overseas,” said Jay Bertelli, president and CEO of Mercury Computer Systems, Inc. “Since joining us as director of international programs in 1997, non-medical revenue generated internationally has nearly tripled from $4.6 million in fiscal 1997 to $14.3 million in fiscal 2000. Al’s expertise and management experience in international business development will continue to lead Mercury’s growing international operations, gaining significant new customers and increasing revenue generation and profit contribution from this significant market.”

Before joining Mercury, Al Simensen succeeded for more than 25 years in the field of high-tech international business. Mr. Simensen has developed an extensive background and understanding in the formation of international channels including the formation of distributors, distributor networks and joint ventures. As a consultant to Mercury in 1989, Mr. Simensen was responsible for initiating and directing Mercury’s first international programs. From his office at company headquarters in Chelmsford, Massachusetts, Mr. Simensen now manages Mercury’s international subsidiaries in Japan, France and the United Kingdom as well as other worldwide distributors. “Mercury has built a very strong infrastructure for its international operations,” said Mr. Simensen. “Our goal is to take advantage of this infrastructure and the developing worldwide market for commercial off-the-shelf (COTS) high-performance digital signal and image processing systems. We expect to see continued growth in our international defense, medical and commercial markets over the next several years.”

LINEO NAMES BOB WALDIE AS COO

Lindon, UTAH — Lineo, Inc., a provider of embedded systems, real-time and high availability Linux-based solutions, named Bob Waldie as Chief Operations Officer. Effective immediately, Waldie will be accountable for many of Lineo’s day-to-day operations. Waldie comes to Lineo from Moreton Bay, based in Brisbane, Australia, where he was founder and CEO. Moreton Bay was acquired by Lineo in May. “Bob’s tenacious business approach and deep experience in this market as well as his strong leadership style will help Lineo continue as a leader in the embedded market,” said Bryan Sparks, CEO of Lineo, Inc. “We are dedicated to providing OEMs with the premier embedded Linux technology. With Bob at the head of Lineo operations, we are able to pursue this goal more aggressively than ever before.” Though Lineo has an office in Brisbane, Waldie and his family will move to Utah where the company headquarters are located. “When Lineo began researching acquisition possibilities, our aim was to bring in teams with high levels of talent and key technologies,” Sparks said. “Bob is just one example of the high quality of employees that come from the companies we acquired. The integration process of these companies continues to proceed and employees are being utilized in positions where their skills and talents can be maximized.”

Bob Waldie comes to Lineo from Australia where he has nearly 25 years of experience in the computer and technology field. Most recently, he worked for Moreton Bay Ventures Pty Ltd, a technology enterprise he founded in 1996. Located in Brisbane, Australia, Moreton Bay developed Internet connectivity, remote access and messaging products and technologies based on Linux. In May 2000, Moreton Bay merged with Lineo, becoming the Lineo Integrated Products group. Prior to his responsibilities at Moreton Bay, Waldie founded Stallion Technologies where he served as the managing director for 10 years. Stallion Technologies specialized in the design, manufacturing and sales of network remote connectivity hardware for the PC server marketplace. During this time period, the company grew to have over US $14 million in revenue. Under Waldie’s direction, Stallion became one of Australia’s “Top 100 Fastest Growing Private Companies” in 1994.

ADAPTEC ANNOUNCES THE RESIGNATION OF CFO

Milpitas, CALIF. — Adaptec, Inc., a global leader in innovative storage solutions, announced that Chief Financial Officer and Vice President Andy Brown has resigned to pursue other interests. “During the past twelve years Andy has made significant contributions to Adaptec’s growth and success,” said Bob Stephens, Adaptec’s CEO and President. “We wish him well in his future endeavors.”

Bob Stephens will serve as interim Chief Financial Officer until a replacement is named. The company has engaged a search firm to help in the recruitment of Mr. Brown’s replacement. “The last twelve years have been incredibly rewarding, both professionally and personally,” said Brown. “I have seen Adaptec grow from a small cap company to gain NASDAQ 100 and S&P 500 status.” In addition, the company reiterated its financial guidance for the second fiscal quarter, which continues to be in line with current Wall Street estimates.

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