Agere's Opto Group Reborn
Folk over at TriQuint Semiconductor Inc.'s (Nasdaq: TQNT) new opto division -- the business it acquired from Agere Systems (NYSE: AGR/A) -- are meeting their new boss for the first time today. And for many of them, the new boss is the same as the old boss.
TriQuint has picked Glen Riley, former VP and general manager of the core networks division at Agere, to head up the operations in Breinigsville, Pa., which it has christened "Triquint Optoelectronics" (see TriQuint Picks Opto Chief).
TriQuint's management seem pretty perky about the appointment -- not surprising, given that they've found someone who already knows the ins and outs of Agere's operations. "Sometimes you get lucky," says Ray Link, TriQuint's CFO and VP of finance and admin, noting that Triquint used a national recruiter to fill the post.
For Riley it's a promotion. He used to be in charge of one division of the Agere optoelectronics group -- now he's in charge of the whole shebang.
Riley's stint at Agere was interrupted when, in December 2001, he left to take up a post as CEO of Opticalis, a startup developing what it called "ultradense WDM light sources" (see Opticalis Touts Growth). Less than a year later, Opticalis had closed down.
"Unfortunately, we didn't see much commercial activity for [Opticalis's] technology... for at least a couple more years, and did not have another technology to commercialize in the meantime. Therefore, the management and board of directors elected to close the operations of the company," Riley wrote in an email to Light Reading at the time.
After leaving Opticalis, Riley worked as a Consulting CEO for a startup in Fremont, Calif., called UltraDots Inc. -- a nanotechnology company developing "quantum dot" technology for a range of applications, including telecom (see Zia Laser's Not-so-Dotty Idea for more on quantum dots).
"If I had not joined TriQuint, I would have most likely made a fulltime commitment to UltraDots and become their regular CEO," he wrote last night. "So, I didn't really need the TriQuint job, but am certainly very happy with the opportunity." — Pauline Rigby, Senior Editor, Light Reading