Tag Archives: ASIC

GigOptix Appoints Lake Qin as Director of Sales, China to Expand Sales Reach Further in China

By Business Wirevia The Motley Fool

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GigOptix Appoints Lake Qin as Director of Sales, China to Expand Sales Reach Further in China

SAN JOSE, Calif.–(BUSINESS WIRE)– GigOptix, Inc. (NYSE MKT: GIG), a leading supplier of advanced semiconductor and optical communications components, today announced the appointment of Lake Qin to the role of Director of Sales, China. Mr. Qin, who will be based in Shenzhen, will be responsible for increasing sales revenue in China for all GigOptix product lines.

“I am pleased to welcome Lake to the GigOptix team,” said Dr. Raluca Dinu, General Manager and Vice President of the Optics and RF Product Line at GigOptix. “Lake brings nearly 15 years of communications experience to GigOptix. Lake is responsible for driving revenue growth in China and will strengthen customer relationships in the region. Lake is supported by our regional applications team and distributors.”

Prior to joining GigOptix, Mr. Qin held a sales account manager role at Semtech Corporation in Shenzhen. Mr. Qin joined Semtech Corporation through the Gennum Corporation acquisition where he addressed sales in China. In addition, Mr. Qin previously held a sales manager role at Lestina International. Mr. Qin begins his role at GigOptix immediately.

About GigOptix, Inc.

GigOptix is a leading fabless supplier of semiconductor and optical components that enable high speed information streaming that address emerging high growth opportunities in the communications, industrial, defense and avionics industries. The Company offers a broad portfolio of high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers, TIAs and TFPSTM optical modulators for 40 Gbps and 100 Gbps fiber-optic telecommunications and data-communications networks. GigOptix also offers a wide range of digital and mixed-signal ASIC solutions and enables product lifetime extension through its GigOptix Sunset Rescue Program.

Media:
GigOptix, Inc.
Josh Nakaska, 408-522-3172
Marketing Director
jnakaska@gigoptix.com
or
Investor Relations:
Summit IR Group
Jim Fanucchi, 408-404-5400
ir@gigoptix.com

KEYWORDS:   United States  Asia Pacific  North America  China  California

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The article GigOptix Appoints Lake Qin as Director of Sales, China to Expand Sales Reach Further in China originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Assurant and Subsidiaries Reach Agreement with New York Department of Financial Services

By Business Wirevia The Motley Fool

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Assurant and Subsidiaries Reach Agreement with New York Department of Financial Services

NEW YORK–(BUSINESS WIRE)– Assurant, Inc. (NYS: AIZ) , a premier provider of specialty insurance and insurance-related products and services, and its subsidiaries American Security Insurance Company (ASIC) and American Bankers Insurance Company of Florida (ABIC), reached an agreement with the New York Department of Financial Services (NYDFS) regarding lender-placed insurance in the State of New York.

Under the terms of the agreement, ASIC and ABIC, both part of Assurant Specialty Property, will:

  • Make a $14 million settlement payment, without admitting or denying any wrongdoing
  • Modify certain lender-placed business practices consistent with new regulations expected to be issued by the NYDFS that will apply to all New York-licensed lender-placed insurers of properties in the state
  • File its new lender-placed program and new rates in New York
  • Establish a refund opportunity program to be administered by an independent third party, through which New York property owners with ASIC or ABIC polices issued on or after Jan. 1, 2008 may be eligible for refunds of a portion of their premiums. Additional details and requirements will be available beginning in May 2013 at www.NY-AmericanSecurityFPIRefund.com.

In commenting on the agreement, Gene Mergelmeyer, president and chief executive officer of Assurant Specialty Property said: “With matters resolved with the New York Department of Financial Services, we look forward to filing our next generation lender-placed product as we continue to meet the needs of our clients and customers in New York with outstanding service and support.”

Assurant is a premier provider of specialized insurance products and related services in North America and select worldwide markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $29 billion in assets and $8 billion in annual revenue. www.assurant.com

Assurant, Inc.
Media:
Shawn Kahle, 212-859-7047
Vice President, Corporate Communications, Assurant
shawn.kahle@assurant.com
or
Robert Byrd, 770-763-2319
Senior Director, Communications, Assurant Specialty Property
robert.byrd@assurant.com
or
Investor Relations:
Francesca Luthi, 212-859-7197
Senior Vice President, Investor Relations
francesca.luthi@assurant.com
or<br …read more
Source: FULL ARTICLE at DailyFinance