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
Dr.Q 12/5/2012 | 12:46:25 AM
re: Agere's Opto Group Reborn The first thing that Glen Riley needs to do in turning around TriQuint OptoElectronics is to get rid of 50 - 75% of the managers. Not because they are BAD managers, per se, but because there are TOO MANY.

- Dr. Q
bongwang 12/5/2012 | 12:46:24 AM
re: Agere's Opto Group Reborn Dr Q.

Too many to do what? Interesting post. They have a lot of work ahead of them, and there probably aren't too many. If you work there, maybe you know its a fact. If so, are you leaving to help Riley get rid of the excess. If you don't work there, you don't really know what he needs to do, do you?
beetlejuice 12/5/2012 | 12:46:21 AM
re: Agere's Opto Group Reborn but what am I
BobbyMax 12/5/2012 | 12:46:08 AM
re: Agere's Opto Group Reborn Several optical companies have closed due to lack of demand of their products. Since Triquint has no experience in optical products, I do not how triquint would market its products.It also may not have the ability to modify and enhance products.
sundog 12/5/2012 | 12:45:33 AM
re: Agere's Opto Group Reborn Actually, most people there is or was managers. They laid off most engineers and demoted many managers to be engineers and then try to train them for the basic jobs.
Saint0 12/5/2012 | 12:45:20 AM
re: Agere's Opto Group Reborn Some ex-Agree executives managed to jump boat before things blew up. They're now populating places like Broadcom, which is becoming another sinking ship with these Yahoos.
whalenc 12/5/2012 | 12:43:18 AM
re: Agere's Opto Group Reborn Dr Q:

Is your analysis of needed headcount reduction a reflection of business volumes or other factors.


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