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Bilotti Joins Vyyo Board

Former Morgan Stanley analyst Richard Bilotti has accepted a seat on Vyyo’s board of directors

April 20, 2007

2 Min Read

NORCROSS, Ga. -- Vyyo (NASDAQ: VYYO), a supplier of broadband access equipment for cable system operators, announced today that former Morgan Stanley analyst Richard Bilotti has accepted a seat on Vyyo’s board of directors.

Bilotti, a leading analyst covering the cable television and entertainment sectors, retired earlier this year after 13 years as executive director and then managing director with Morgan Stanley. With Morgan Stanley, he was at the forefront of working with the operator and vendor communities to evaluate the costs and benefits of technologies that would help the cable industry improve its competitive position. Over the past several years, Bilotti has written extensively about how increased bandwidth investment can help cable compete with satellite and telcos, particularly in the delivery of high-definition programming, as well as support advanced data services. He replaces John Griffin, who has retired after seven and a half years on the Vyyo board.

“Rich has earned the highest levels of respect within the cable community for his keen grasp of the technological, business and regulatory challenges and opportunities that are in front of the industry,” said Davidi Gilo, chairman of the board of directors of Vyyo. “We believe that his insights, his analytical thinking and his understanding of the needs of our customers and partners will be invaluable in helping us to demonstrate the value of our spectrum overlay and business services solutions.

“At the same time that we welcome Rich to our board, I would like to express my highest gratitude to John Griffin for his help in guiding the company as it defined its new strategy,” Gilo continued. “John’s many years of management experience and leadership in targeted markets were an immense resource to Vyyo’s board.”

Prior to joining Morgan Stanley in 1994, Bilotti was a high-yield fixed-income analyst specializing in cable television at Grantchester Securities. He also worked at Prudential Bache Securities, L.F. Rothschild, and Kidder, Peabody as a high-yield analyst, focusing on the communications and transportation industries. Bilotti holds a B.S. in Economics, Magna Cum Laude from the Wharton School of the University of Pennsylvania.

Vyyo Inc. (Nasdaq: VYYO)

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