Symmetricom Nominates Two Top Telecom Industry Executives to Board of Directors, Subject to Shareholder Approval

Business Wire, Oct 5, 1998

SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 5, 1998--Symmetricom (Nasdaq:SYMM), a global leader in telecommunications network synchronization, today announced that Dr. Krish A. Prabhu, President and Chief Executive Officer of Alcatel USA, and Robert M. Neumeister, Jr., Chief Financial Officer of Sprint PCS, have been nominated to join the Company's Board of Directors. The appointment of Mssrs. Prabhu and Neumeister is contingent upon shareholder ratification of a proposal to increase the maximum size of the Board of Directors from five to seven members, and their election to the Board by the Symmetricom shareholders. The shareholder meeting to consider these matters will be held on November 9, 1998.

"The entire Board of Directors is honored to have attracted the nomination of two well-respected leaders in our industry, both of whom would bring to Symmetricom the benefit of successful development, marketing, deployment, and financial management of new telecommunications products and services to the global marketplace," commented Roger A. Strauch, Chief Executive Officer of Symmetricom. "This is an important step forward in our commitment to attract key talent to help us execute our growth strategies, and to deliver on our promise to improve accountability to our shareholders."

Symmetricom, Inc. (Nasdaq:SYMM) conducts its business through two separate operating units. Telecom Solutions provides advanced network synchronization products that play a critical role in the operation and quality of service of sophisticated telecommunications networks. Telecom Solutions' customers include network operators and network infrastructure providers. Linfinity Microelectronics Inc. is an analog IC manufacturer delivering power management devices to both commercial and defense customers. Linfinity's new product development efforts are focused on light, sound, and power management products for desktop and mobile computing platforms.