Read Larry Connors' blog – Short Term Trading Strategies
"This is the culmination of a succession plan that we have been implementing over the past nine months," said Mr. Rohrs. "I am very pleased to promote Warren to be our CEO. During his tenure as COO, Warren has been invaluable in sizing the Company's prober business for today's depressed market and he continues to develop our Motion Control Advanced Technology business into an industry leader."
"Though economic conditions have been very challenging, under Tom's steady hand we have continued development on our cutting edge technology 300mm prober and we have concurrently branched into multiple alternate use markets for our motion control system," said Mr. Kocmond. "Additionally, our recently announced initiative to pursue strategic alternatives will enable us to continue what has been a strong technology legacy that has been going on for over forty years. We are grateful for Tom's significant contributions and look forward to his ongoing sage advice in his role as Executive Chairman."
Mr. Kocmond has been the Chief Operating Officer of the Company since May 2008. Prior to joining Electroglas, Mr. Kocmond was the Senior Vice President of Global Operation for Affymetrix, Inc., from April 2007 to May 2008; the Chief Executive Officer of Earth Renewable Energy from May 2006 to April 2007; and, from April 2004 to May 2006, the Chief Operating Officer for Asyst Technologies. From March 1999 to April 2004, Mr. Kocmond was at Applied Materials, Inc. as the Vice President of Applied Global Services. Mr. Kocmond has also held manufacturing, operations, and technology positions at Hewlett-Packard Company, and Silicon Graphics, Inc.
About Electroglas
Electroglas is a leading supplier of innovative wafer probers, test floor management software and services that improve the overall effectiveness of semiconductor manufacturers' wafer and device testing. Headquartered in San Jose, California, the Company has been a leading equipment supplier to the semiconductor industry for over four decades, and has shipped more than 16,500 systems worldwide. Electroglas' stock trades on the NASDAQ Capital Market under the symbol "EGLS." More information about the Company and its products is available at www.electroglas.com.
Safe Harbor Statement
This news release contains forward-looking statements, including statements relating to continued development of our cutting edge technology and our initiative to pursue strategic alternatives. These forward-looking statements involve risks and uncertainties including, but not limited to, the risk that our cutting edge technology and pursuit of strategic alternatives will not result in broad market acceptance of our products or increased revenue as a result of adverse changes in global and domestic economic conditions, a prolonged downturn in the semiconductor and electronics industries, a downturn or decrease in customer utilization rates, unforeseen technical difficulties related to the development and manufacture of Electroglas' products, and a failure of its new products to achieve broad market acceptance as a result of competing technologies. Electroglas assumes no obligation to update this information. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Electroglas' business in general, see the risk disclosures in Electroglas' SEC filings, including its most recent Annual Report on Form 10-K for the year ended May 31, 2008 and its Quarterly Reports on Form 10-Q filed from time to time with the SEC.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Electroglas, Inc.
Electroglas, Inc. Investor Relations Candi Lattyak +1 408.528.3801 clattyak@electroglas.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
