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Calix Boosts Management Muscle

Light Reading
News Analysis
Light Reading
11/30/2001

Calix Networks , the Petaluma, Calif.-based optical access startup, confirmed Thursday that it has appointed Steven DeGennaro as its first chief financial officer and has named Carl Russo the chairman of its board of directors.

Both appointments happened during the first week of November and both appear to make Calix a more attractive company to outside investors.

DeGennaro served as CFO of Xircom, Inc., now an Intel Corp. (Nasdaq: INTC) subsidiary, since June 1996. He had worked with the company in other finance-related jobs since 1993. Prior to that, DeGennaro was a senior manager at KPMG.

Russo, who was once Xircom's chief operating officer and now works as Cisco Systems Inc. (Nasdaq: CSCO) vice president of optical strategy, says there's no major change in his responsibilities by becoming Calix's board chairman. "Mike [Hatfield, Calix's CEO and president] asked me to step up and help him out and, after getting it approved [with Cisco], I agreed to do so," Russo says. "There's no difference in fiduciary responsibilities between being a director and the chairman of the board."

He adds that things are going well at Cisco and, contrary to earlier rumors, he has no intention of leaving his post there.

Russo has spots on the boards of -- and personal investments in -- three privately held communications startups: Calix; MobileSys Inc., a wireless infrastructure services provider; and Kuokoa Networks Inc., a stealthy storage startup located near Cisco on Tasman Drive in San Jose, Calif. None of these companies compete with Cisco.

Calix has raised more than $100 million since its founding and is reportedly building a product that helps incumbent carriers eliminate bandwidth bottlenecks between the metropolitan area networks (MANs) surrounding cities and the businesses and residences within the cities.

Calix's other board members include CEO Michael Hatfield; Ajaib Bhadare, one of Cerent Corp.'s founders; and Paul Ferris, a partner at Azure Capital Management.

The company's investors include Azure Capital Partners, Flextronics International (Nasdaq: FLEX), Integral Capital Partners, Meritech Capital Partners, Michael Dell's MSD Capital Partners, Pivotal Asset Management, Redpoint Ventures, and several individuals.

- Phil Harvey, Senior Editor, Light Reading
http://www.lightreading.com

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poster
poster
12/4/2012 | 7:30:17 PM
re: Calix Boosts Management Muscle
I think they're making a 'next-gen DLC', whatever that is. it terminates all of the access circuits/services, competing primarily with AFC and others in that space. I think one possibility is these boxes would feed traffic into a 454/sonet collector ring. RBOC/incumbent target market.
lo_mein_noodles
lo_mein_noodles
12/4/2012 | 7:30:17 PM
re: Calix Boosts Management Muscle
This is interesting with Russo at Calix. I thought that Calix was developing "The next generation Cerent box"? If thats the case, wouldn't it be rather "Rich McGinn" of Russo to be doing anything with Calix? I find it odd that Cisco would approve of Russo working with companies that will be taking a bite out of possible cisco revenue? anyone else find this odd? Any of you Cisco die hards like the idea of Russo getting rich at your expense? I know the story says that Calix doesn't compete with Cisco, but is that really true?
optical
optical
12/4/2012 | 7:30:15 PM
re: Calix Boosts Management Muscle
PREDICTION: Cisco will acquire Calix when the time is right. Russo gets a first hand view of product readiness so he can pull the trigger at the right time for Cisco.
poster
poster
12/4/2012 | 7:30:14 PM
re: Calix Boosts Management Muscle
"PREDICTION: Cisco will acquire Calix when the time is right. Russo gets a first hand view of product readiness so he can pull the trigger at the right time for Cisco."

wow you're really going out on a limb with that one. kidding!
optical
optical
12/4/2012 | 7:30:13 PM
re: Calix Boosts Management Muscle
Thanks, I'm a real risk taker as you can see. Haha
tet109
tet109
12/4/2012 | 7:30:12 PM
re: Calix Boosts Management Muscle
No trigger get pulled unless Calix build product in time and that work. Even cisco will not buy company like Calix soon. Calix put Russo on board to fix situation of no product delivery probably. Again another start up with product delay and no customer.

-Tet
poster
poster
12/4/2012 | 7:30:11 PM
re: Calix Boosts Management Muscle
"No trigger get pulled unless Calix build product in time and that work. Even cisco will not buy company like Calix soon. Calix put Russo on board to fix situation of no product delivery probably. Again another start up with product delay and no customer."

tet:
- russo on board of calix from beginning because he and founder all come from cerent
- if you look risk-takers post it say "pull trigger when time right"
- you not know much and not speak well neither

asmo
asmo
12/4/2012 | 7:30:10 PM
re: Calix Boosts Management Muscle
>>Poster: "you not know much and not speak well neither"

I think you may want to go to a few English classes before accusing someone of not speaking well.

A.
rustybridge
rustybridge
12/4/2012 | 7:30:09 PM
re: Calix Boosts Management Muscle
Me think someone not quick on uptake...
someone need to check "sarcasm" in lexicon...

-al
asmo
asmo
12/4/2012 | 7:30:08 PM
re: Calix Boosts Management Muscle
Yeah, I went back and checked his previous posts and realized I was being majorly humour impaired.

Its late, sorry!

A.
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