Last month was one to remember for me here at QuickLogic. From reporting a year-over-year doubling of revenue and our return to GAAP profitability during our earnings call on November 2nd, to the recent announcement of Andy Pease’s planned succession to CEO, it has certainly been one to remember!
During any change in leadership of a company, there tends to be questions and speculation. So, let me address some questions I’ve been asked –
Am I retiring? No. Don’t shop for gold watches just yet.
Am I ill? Only when my Washington Huskies lose.
Am I being put out to pasture? Not when I am taking on the Executive Chairman role.
I turn over the leadership and management of our company to the more than capable hands of Andy Pease on January 3, 2011. I’ve served as CEO for more than 16 years, having seen QuickLogic through good times and bad; our legacy FPGA days, the 1999 IPO, the development and announcement of our CSSP strategy, the financial implosion of 2008 and our recovery, to today.
While January 3rd will certainly have a different feeling than most days, I am extremely pleased to continue my relationship with QuickLogic, serving as Executive Chairman of the Board of Directors. In my new role, I will be partnering with Andy and our Executive Leadership Team – focused on the development of our long-term corporate strategies, working with our key investors and the investment banking community, and continuing to promote the vision and reality of our pioneering leadership of CSSPs.
We have built a great team here at QuickLogic. My expectation is that we will prove the efficacy of CSSPs as a new category of semiconductors aimed at mobile, battery powered, handheld consumer electronic products.