MILPITAS, Calif. -- Blue Sky Research, a privately held developer and manufacturer of high-performance, cost-effective optical network components, announced that Sandip (Bill) Basu has joined the company as Vice President and Chief Financial Officer. Basu brings over 17 years of financial experience with semiconductor and telecommunications companies to Blue Sky Research, and is managing all aspects of corporate finance and planning. Basu reports directly to Daniel Hu, President and CEO of Blue Sky Research "Bill is an experienced professional with a broad range of expertise in both successful start-ups and large established corporations," said Hu. "His exceptional finance and operational skills, extensive management experience, and proven track record of directing the growth of technology companies are helping to enable Blue Sky Research's aggressive expansion into the optical telecommunications components market." Basu comes to Blue Sky Research from his position as Vice President of Finance and Administration at Avistar Communications, a video networking company. Blue Sky Research