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SMRA Somera Communications (MM)

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Share Name Share Symbol Market Type
Somera Communications (MM) NASDAQ:SMRA NASDAQ Common Stock
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Somera Appoints Kent Coker as Chief Financial Officer

03/03/2005 2:00pm

PR Newswire (US)


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Somera Appoints Kent Coker as Chief Financial Officer DALLAS, March 3 /PRNewswire-FirstCall/ -- Somera Communications, Inc. (NASDAQ:SMRA), a global provider of telecom equipment lifecycle management services, today announced that Kent Coker will join the company as Senior Vice President and Chief Financial Officer. Coker will assume the position in mid- to late-March, 2005 and will be located at the company's headquarters near Dallas, Texas. "Kent brings an excellent complement of skills to Somera and will be an integral member of our executive team," said David W. Heard, Somera's President and Chief Executive Officer. "His background in process improvement and success in driving cost efficiencies and compliance will be valuable assets to our organization as we work to further improve our balance sheet, strengthen our internal processes, grow our business and return to profitability. Additionally, Kent has a wealth of industry knowledge and proven abilities in managing global businesses, which are key strengths that Somera will require as we continue our future growth." "Based on my extensive financial background and long history of operations in telecommunications, I believe the value proposition that Somera delivers is extremely viable in helping carriers attain a superior return on assets and an increase in their cash flow," added Coker. "Providing carriers with a strategy to lower the cost of legacy networks and deliver capital and operating savings is extremely compelling in today's business climate. I am very excited to have this opportunity to contribute to establishing Somera's leadership position in Lifecycle Management Services and working with the strong management team the company has built." Previously, Coker was employed by Chorum Technologies, a provider of fiber optic equipment for the telecommunications industry. He joined Chorum in 1999 as Chief Financial Officer and subsequently added the role of Chief Operating Officer before being selected to lead the company as Chief Executive Officer and Member of the Board of Directors. Before Chorum, Coker was at Compaq Computers, where he held the position of Vice President of Finance of the telecommunications solutions group. Prior to Compaq, he served in several senior financial roles at DSC Communications, including Vice President of Finance of the Access Products Group and Chief Financial Officer of DSC's European division based in Copenhagen, Denmark. Coker began his career at Ernst & Young as a Certified Public Accountant and holds both a B.B.A. and an M.S. in Accounting from Texas Tech University. About Somera Communications Somera provides equipment Lifecycle Management Services to support carriers' need to more effectively manage the assets of their aging networks at the lowest cost and greatest return through the sourcing, servicing, and liquidation of telecommunications equipment. The Company's services are comprised of Equipment Brokerage, Somera RecoveryPLUS(TM), Somera RepairPLUS, and Somera LifecyclePLUS. Founded in 1995, Somera has worked with over 1,100 customers worldwide, including the industry leaders from each segment of the telecommunications market. Visit Somera on the web at http://www.somera.com/. This news release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including those regarding Somera's ability to execute on its Lifecycle Management Services strategy, improve its balance sheet, strengthen its internal processes, grow its business and return to profitability. Forward-looking statements involve a number of risks and uncertainties including, but not limited to, general economic conditions particularly affecting the telecommunications industry; capital equipment spending levels in the telecommunications industry, including the risk of continued customer spending delays associated with carrier consolidation; the impact of competition in the market for supplying equipment to telecommunications operators; the risk of potential shortage of product supply; Somera's ability to reduce operating expenses and breakeven revenue amounts; risks regarding the company's ability to expand domestic and international operations and build lifecycle management services capabilities; and other factors fully described in the company's reports to the Securities and Exchange Commission (SEC), including but not limited to, the Annual Report on Form 10-K for the fiscal year ended December, 31, 2003, and Quarterly Reports on Form 10-Q. Actual results may differ materially from the statements contained in this new release. The company does not undertake to update any forward-looking statements that may be made by or on behalf of the company. Copies of Somera's SEC filings may be obtained by contacting Investor Relations, Somera Communications, at 1-805-681-3322. DATASOURCE: Somera Communications, Inc. CONTACT: Kelly Delany of Somera Communications, Inc., +1-805-861-3322, Web site: http://www.somera.com/

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