Product category:
Embedded Software and Operating Systems
News Release from: Esmertec
Edited by the Electronicstalk Editorial
Team on 22 November 2006
Kuntz set to drive global sales
Michel Kuntz will be joining Esmertec on 1st January 2007 in the role of Executive Vice President Sales, responsible for driving Esmertec's sales organisation globally.
Michel Kuntz will be joining Esmertec on 1st January 2007 in the role of Executive Vice President Sales, responsible for driving Esmertec's sales organisation globally Before joining Esmertec, Kuntz (42) was Vice President Marketing and Sales EMAI and Latin America at Thomson Broadband from 2002 and before that was Vice President Marketing and Sales EMAI at Alcatel Mobile Phones and Broadband Access
This article was originally published on Electronicstalk on 21 Aug 2002 at 8.00am (UK)
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He has 19 years work experience primarily in the telecommunications and technology sector.
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Georges Boulloy, who was instrumental in the reorganisation process, will leave the company and the position of Chief Product Officer will be eliminated.
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The company thanks George Boulloy for his important contribution during the past months, helping to chart the course for the company to become more market-driven.
Jean-Claude Martinez, CEO of Esmertec, comments: "We are very pleased to have such an experienced industry expert as Michel Kuntz coming onboard".
"We believe this management extension, together with the expected strengthening of our board, is a strong sign of Esmertec's business potential".
After further operational reviews and in line with the product organisation change mentioned above, management has decided to take additional actions to make Esmertec's product management and development operations more efficient.
Esmertec's product management function for the mobile and multimedia device segment is henceforth planned to be managed centrally in Zurich, with certain positions currently located in the UK moving to Zurich.
Additionally, consistent with Esmertec's policy of having customer services based close to its customers, certain project management functions currently based in the UK, but supporting US customers, will be moved to the USA.
Consequently, alternatives for the company's UK office are being evaluated in accordance with local legal requirements in the UK.
Business in the third quarter showed a solid pick-up.
In particular, in the mobile and multimedia device segment shipments by customers in the third quarter increased to over 18 million compared with 10.4 million in the second quarter and 5.9 million in the third quarter of 2005.
Third quarter shipments represent an estimated 7.2% share of the total mobile phone market, up from 4.4% in the second quarter of 2006 and 2.8% in the third quarter of 2005.
Third quarter 2006 performance reflects strong shipments by large customers in preparation for the holiday season and Esmertec does not expect the same growth of shipments necessarily to continue in the fourth quarter.
As of 30th September 2006, Esmertec's software has been deployed on over 340 mobile and embedded device models world-wide and over 76 million units had been shipped.
Esmertec now expects revenue of at least US $14.5 million for the second half year, and consequently revenues of at least US $24 million for the full year 2006.
The current status of several new contracts and renewals in both segments support this outlook.
Based on this information, Esmertec confirms previous guidance that it expects to begin generating cash from operations in the first half of 2007.
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