BNET Industries

Market Cap:$257.8M
Last Fiscal Year Sales:$208.0M
  • Public
  • US
Dow Jones Description

The Network is changing to meet the explosive growth in voice-over-IP, data, video, and cellular traffic. Across the globe, telecom carriers, cable providers, and data service providers are migrating to Next Generation Networks capable of delivering voice, video, and data traffic across a converged network-centric environment based on Internet Protocols. Symmetricom products provide the precise frequency, timing, and distribution that assure the performance, enable the management and facilitate the deployment of next-generation networks. Consistent and reliable timing from Symmetricom is essential for quality assurance, network performance, service availability and seamless interoperability across emerging IP services and Ethernet transport, now and in the future. Symmetricom is the world leader in generation, synchronization and distribution of precise time and frequency signals. 20,000 kilometers over the earth, Symmetricom products are at work, providing the precise time, frequency and synchronization signals required by a network of GPS satellites. Around the globe, the international timescale is set to sub atomic precision using Symmetricom frequency reference. Our timing solutions are critical to radio navigation in coastal waters, deployment of missiles, the seamless delivery of voice, data, and video across telecom and cable networks, and uninterrupted availability of power to millions. ...

Chairman & CEO, Asure Software Corporation That Provides Productivity Solutions to Businesses.Richard N. Snyder
Number of Employees 952
Contact Information

2300 Orchard Pkwy

San Jose, California 95131

symmetricom.com

(408) 433-0910

NAICS Code Telephone Apparatus Manufacturing: 334210

Recent Events

  • Cantor Fitzgerald Maintains a 'Buy' on Symmetricom SYMM; Raises Price Target

    6/12/09 - Bond / Stock Rating - View Story

  • Symmetricom to cut another 30 jobs

    6/12/09 - Financial Announcement - View Story

  • Symmetricom's Santa Rosa division posts 18% increase in sales

    5/06/09 - Financial Announcement - View Story

  • The Business: Security Paramount, Strengthened by Location

    4/01/09 - Joint Venture / Alliance - View Story

  • Chutes & Ladders: Sprint names ex-Microsoft exec to Clearwire board

    2/11/09 - Mgmt. Change Leaving - CEO - View Story

  • Market Report -- In Play SYMM

    2/10/09 - Mgmt. Change Leaving - President - View Story

  • Symmetricom CEO Retiring

    2/11/09 - Board Member - Leaving - View Story

  • Symmetricom Posts Q2

    2/06/09 - Financial Announcement - View Story

News & Analysis

symmetricom - All News and Analysis

  • Symmetricom Files Restated Financial Statements and Quarterly Reports

    - 2008-06-17

    SAN JOSE, Calif. -- Symmetricom, Inc. (NASDAQ:SYMM) today announced that it has filed with the Securities and Exchange Commission an amended Annual Report on Form 10-K/A for the fiscal year ended July 1, 2007, an amended Quarterly Report on Form 10-Q/A for the quarter ended September 30, 2007 and Quarterly...

    Tags: accounting, Company, FINANCE, financial, Nasdaq Stock Market Inc., SEC, Symmetricom

  • Symmetricom, Inc. Q3 2008 Earnings Call Transcript

    Seeking Alpha - 2008-05-05

    Question-and-Answer Session Operator Thank you. Operator instructions Our first question comes from Simon Leopold with Morgan Keegan. You may ask your question. Simon Leopold – Morgan Keegan Thank you. A couple of things I'd like to clarify. First, let's start with the QoE business which was quite...

    Tags: Symmetricom

  • 2008 Ad

    - 2008-03-26

    TimeProvider[TM] 5000 Provides Critical Timing and Synchronization Technology Essential for Next Generation Networks SAN JOSE, Calif. -- Symmetricom, Inc. (NASDAQ: SYMM), a worldwide leader in precise time and frequency technologies that accelerate the deployment and enable the management of next generation networks, today announced TimeProvider[TM] 5000, the newest product...

    Tags: advertisement, Ethernet, IEEE, network, NETWORKING, PRODUCTIVITY, Symmetricom, WIRELESS

  • Symmetricom Inc. F2Q08 (Qtr End 12/30/07) Earnings Call Transcript

    Seeking Alpha - 2008-02-03

    Question-and-Answer SessionOperator Operator instructions Our first question comes from Simon Leopold. Simon Leopold – Morgan, Keegan & Company Inc. I have got a couple of pretty straightforward ones. First of all, you mentioned Verizon was greater than 10% this quarter, could you be a bit more specific...

    Tags: Symmetricom

  • Grandmaster clock keeps precise time.

    - 2007-03-01

    Staff Symmetricom's XLi Grandmaster clock synchronizes network nodes and measures a network's latency. Getting time through its GPS receiver, the XLi can synchronize thousands of IEEE 1588-compliant network nodes with its time-stamp processor and produce time stamps accurate to within...

    Tags: GPS, IEEE, latency, network, NETWORKING, Symmetricom

Decision Makers

Name (plus bio) Position
Thomas W. Steipp President & CEO
Anthony Lavia CTO & Vice President, Quality
Bill Slater Chief Financial Officer
Dale Pelletier Chief Operating Officer
Justin Spencer Executive Vice President, Chief Financial Officer
Samuel Stein Chief Technologist
Nancy Shemwell Executive Vice President, Golbal Sales & Services
Paul Chermak Executive Vice President, Globa Sales & Support
William Minor Executive Vice President, Global HR
Gurdip Jande Senior Vice President, Marketing, Telecom Solutions Division
Brian Connell Vice President & General Manager, Puerto Rico Manufacturing Operations
Christine Mrena Vice President, Quality & Process Improvement
Dale Boehm Vice President, Market & Business Development, Telecom Solutions Divsion
David Nicholas Vice President, Sales, Cable
John Hirsekorn Vice President, Sales & Marketing
Kevin Hsu Vice President of Product Marketing
Randy Brudzinski Vice President, Sales
Bruce Bromage Executive Vice President & General Manager, Test & Measurement Division
David Cox Executive Vice President & General Manager, QoE Assurance Division
James Armstrong Executive Vice President & General Manager, Telecom Solutions Division
Lisa Withers Executive Vice President & General Manager
Barry Dropping Senior Director, Marketing
David Boone Senior Director, Marketing
Ken Lee Senior Director, Marketing
Paul Tuong Senior Director, Marketing
Raillin Wirjo Senior Director, Marketing
Doug Lowrie Product Marketing Manager
Matthieu Chamik Product Manager, Qoe Solutions
Mike Vizzi Senior Product Manager
Paul Skoog Product Marketing Manager
Rick Stroupe Executive Vice President & General Manager
Ron Holm Product Marketing Manager
Symmetricom India Country Manager
Stefan Winkler Digital Media Quality and Principal Technologist for Symmetricom's Qoe Solutions

Board of Directors

Name (plus bio) Position
Richard N. Snyder Chairman & CEO, Asure Software Corporation That Provides Productivity Solutions to Businesses.
Robert M Neumeister Chair
Alfred F. Boschulte Board of Directors
Elizabeth A. Fetter Board of Directors
Jim Chiddix Board of Directors
Liz Fetter Board Member
Richard W. Oliver Board of Directors
Robert J. Stanzione Board of Directors

Chairman & CEO, Asure Software Corporation that provides productivity solutions to businesses. Mr. Snyder is also the Founder and Chief Executive Officer of Corum Cove Consulting, LLC, a consulting firm specializing in providing strategic guidance to high technology businesses. Previously at Hewlett-Packard, Mr. Snyder served as Group General Manager for the $3 billion inkjet printer business, where he created the Deskjet brand. As Senior Vice President and General Manager at Dell Computer, Mr. Snyder led the establishment of Dell's successful Internet sales model and was responsible for all operations of the $3.5 billion Americas Region. Mr. Snyder also served as Senior Vice President of Worldwide Sales, Marketing, Service and Support for Compaq Computer, where he held P&L responsibility for Compaq's $20 billion geographic sales regions. He also serves on the Boards of Symmetricom, Inc. and an early stage company, Assure Controls.

Organization Position Status
Symmetricom, Inc. Chairman & CEO, Asure Software Corporation That Provides Productivity Solutions to Businesses. Current
Forgent Networks, Inc. Chairman & CEO Current
Symmetricom, Inc. Board of Directors Current
Compaq Computer Corporation Senior Vice President of Worldwide Sales, Marketing, Service and Support Former
Dell Inc. senior vice president Former
Hewlett-Packard Company group general manager Former
Dell Inc. general manager Former

Array

Organization Position Status
Symmetricom, Inc. Chief Executive Officer (Principal Executive Officer) and Director Current
Telecom Solutions President Current
Telecom Solutions Chief Operating Officer Current
Symmetricom, Inc. Board of Directors Current
Symmetricom, Inc. Chief Financial Officer Former
Scientific-Atlanta, Inc. Vice President Former
Scientific-Atlanta, Inc. General Manager Former
Purdue University MBA Former
Purdue University B.S. In Electrical Engineering Former
Organization Position Status
Symmetricom, Inc. CTO & Vice President, Quality Current

As Chief Financial Officer, Bill Slater is responsible for Saba's worldwide finance, investor relations, IT and facilities organizations. He brings more than 25 years of experience in financial management and operations at high-growth organizations to his position. Prior to joining Saba, Slater served as Executive Vice President and Chief Financial Officer at Symmetricom (NASDAQ: SYMM), a provider of precise time and frequency technology. During his tenure, he successfully built proactive, business-oriented accounting and financial organizations to drive profitability for the company. Before Symmetricom, Slater served as Executive Vice President and Chief Financial Officer at Computer Curriculum Corporation, an educational publisher and division of Viacom, where he oversaw strategies, business models and infrastructure that helped grow revenue, operating income and cash flow by more than 400 percent in eight years. Slater has also served as Vice President, Financial Planning, at Simon & Schuster and Vice President and Controller, Professional Products Group, for Revlon. He holds a B.A. in accounting from Queens College, City University of New York.

Organization Position Status
Symmetricom, Inc. Chief Financial Officer Current
Saba Software Inc. Chief Financial Officer Current
Computer Curriculum Corporation Chief Financial Officer Former
Symmetricom, Inc. Executive Vice President Former
Computer Curriculum Corporation Executive Vice President Former
Revlon, Inc. Vice President Former
Simon & Schuster, Inc. Vice President, Financial Planning Former
Revlon, Inc. Controller Former
Deloitte Touche Tohmatsu auditor Former
Queens College B.A. In Accounting Former

Array

Organization Position Status
Symmetricom, Inc. Chief Operating Officer Current
California Polytechnic State University B.A. in Business Administration Former

Mr. Spencer joined Symmetricom in September 2008 as Chief Financial Officer, bringing broad financial and operational experience. Prior to Symmetricom, Mr. Spencer served as Chief Financial Officer at Covad Communications overseeing financial, accounting, human resources and corporate development. Prior to Covad, he worked for Hewlett Packard, helping to build its service provider business. Mr. Spencer has held positions in product management, business strategy, finance and corporate development in several industries including chemicals, financial services, healthcare, technology and telecommunications. Mr. Spencer received a bachelor’s degree in accounting from the University of Utah and a master’s degree in business administration from The Wharton School of Business.

Organization Position Status
Symmetricom, Inc. Executive Vice President, Chief Financial Officer Current
Covad Communications Company Chief Financial Officer Former
University of Utah Bachelor's Degree In Accounting Former
Organization Position Status
Symmetricom, Inc. Chief Technologist Current
Organization Position Status
Symmetricom, Inc. Executive Vice President, Golbal Sales & Services Current
Bts Logic, Inc. Board of Directors Current
Call Genie Inc. Board of Directors Current
Nortel Networks Corporation president Former
Baylor University Bachelor of Business Administration Former

Mr. Chermak joined Symmetricom in 2007, bringing a long track record of strategic account and market development for both hardware and software sales. Prior to joining Symmetricom, Mr. Chermak was the Senior Vice President and General Manager of the High Technology Group at I2 Technologies. He has also served as Managing Director, International, for ITM software, as Vice President of the Application Solutions Group at Silicon Graphics and in a variety of sales and marketing positions for Hewlett-Packard. Mr. Chermak holds a B.A. in Geo-Chemical Engineering from Gustavus Adolphus and an MBA in Business Administration from the University of Minnesota.

Organization Position Status
Symmetricom, Inc. Executive Vice President, Globa Sales & Support Current
University of Minnesota MBA In Business Administration Former

Mr. Minor joined Symmetricom in 2006, bringing over 25 years’ experience in human resources, business and finance. Prior to Symmetricom, Mr. Minor directed global human resource practices at Cypress Semiconductor Corporation. Previous to Cypress, Mr. Minor directed worldwide human resource strategies and programs for Lam Research Corporation. He also held senior-level human resource positions at KLA Instruments and the Electric Power Research Institute. Mr. Minor holds a Bachelor of Science degree in Business Administration from California State University at Hayward, and a Masters in Business Administration from Notre Dame de Namur University.

Organization Position Status
Symmetricom, Inc. Executive Vice President, Global HR Current
Cypress Semiconductor Corporation Vice President, HR Current
Esamm Current
Notre Dame de Namur University Masters in Business Administration Former
University of Notre Dame Masters In Business Administration Former
California State University Bachelor of Science Degree In Business Administration Former
Organization Position Status
Symmetricom, Inc. Senior Vice President, Marketing, Telecom Solutions Division Current
Organization Position Status
Symmetricom, Inc. Vice President & General Manager, Puerto Rico Manufacturing Operations Current
Organization Position Status
Symmetricom, Inc. Vice President, Quality & Process Improvement Current
Organization Position Status
Symmetricom, Inc. Vice President, Market & Business Development, Telecom Solutions Divsion Current
Organization Position Status
Symmetricom, Inc. Vice President, Sales, Cable Current
Organization Position Status
Symmetricom, Inc. Vice President, Sales & Marketing Current
Organization Position Status
Symmetricom, Inc. Vice President of Product Marketing Current
Organization Position Status
Symmetricom, Inc. Vice President, Sales Current
Organization Position Status
Symmetricom, Inc. Executive Vice President & General Manager, Test & Measurement Division Current
Symmetricom, Inc. Executive. Vice President & General. Manager, Tt&M Div. Current
Company Alliances Ltd. Vice President, Strategic Planning Current
Symmetricom, Inc. Vice President, Strategic Planning Current
Embedded Systems General Manager Former
Embedded Systems Director of Business Development Former
University of California, Santa Barbara Ph.D. in Cognitive Science Former
University of California PH.D. In Cognitive Science Former

Prior to Symmetricom, David was the CEO of Norwegian-based mobile search firm Stochasto ASA, and also co-founded and served as the president and CEO of BlueKite, a mobile Internet software company in the bandwidth optimization space. At BlueKite, David and his team raised over $50 million in venture capital funding and served customers that included British Telecom, Vodafone, Swisscom, Telia Sonera and Sprint PCS. He was also a partner in the Silicon Valley office of Danish venture fund 2M Invest and served as a consultant with McKinsey & Company, advising companies in the U.S., Mexico and SE Asia on issues of corporate strategy and organization. He previously served as a board director for Enable Semiconductor (acquired by Lucent) and currently serves on the board of directors for Covenant House California. David holds a Bachelor of Science in Electrical Engineering from the University of Texas and a Masters Degree in Business Administration from the Stanford University Graduate School of Business.

Organization Position Status
Symmetricom, Inc. Executive Vice President & General Manager, QoE Assurance Division Current

Dr. Armstrong joined Symmetricom in 2006 as vice president of engineering and now serves as the EVP & GM of the Telecom Solutions Division. Prior to joining Symmetricom, Dr. Armstrong was president of Movidis, Inc., a privately held company that develops high-performance networking equipment for OEM and enterprise markets. From 1998-2002, he served as vice president of software development at DIVA Systems, a provider of interactive, on-demand television products and services. Dr. Armstrong holds a Ph.D. in electrical engineering from Purdue University and a Bachelor of Science in electrical engineering and computer science from Princeton University.

Organization Position Status
Symmetricom, Inc. Executive Vice President & General Manager, Telecom Solutions Division Current
Symmetricom, Inc. Executive. Vice President & General. Manager (Tsd) Current
Symmetricom, Inc. Vice President of Engineering Current
Purdue University PH.D. In Electrical Engineering Former

Lisa has a broad background in the high tech instrumentation industry. Prior to joining Spectracom in August 2004, Ms. Withers served as Executive Vice President and General Manager of Symmetricom's Timing Test & Measurement Division. Prior to their merger with Symmetricom, Lisa served as President and CEO of TrueTime, a world leader in timing solutions for the Department of Defense. In addition to her many years in the time and frequency industry, Lisa's background includes operations management positions at ABB AMDATA and Delphian Corporation. Lisa holds a BS in Organizational Behavior from the University of San Francisco and has served as director on a number of corporate and non-profit boards.

Organization Position Status
Spectracom Corp. President & CEO Current
Government & Civilian Agencies President & CEO Current
Symmetricom, Inc. Executive Vice President & General Manager Current
Truetime CEO Former
Truetime President Former
University of San Francisco BS In Organizational Behavior Former
Organization Position Status
Symmetricom, Inc. Senior Director, Marketing Current
Organization Position Status
Symmetricom, Inc. Senior Director, Marketing Current
Organization Position Status
Symmetricom, Inc. Senior Director, Marketing Current
Organization Position Status
Symmetricom, Inc. Senior Director, Marketing Current
Organization Position Status
Symmetricom, Inc. Senior Director, Marketing Current
Organization Position Status
Symmetricom, Inc. Product Marketing Manager Current
Organization Position Status
Symmetricom, Inc. Product Manager, Qoe Solutions Current
Organization Position Status
Symmetricom, Inc. Senior Product Manager Current
Organization Position Status
Symmetricom, Inc. Product Marketing Manager Current
Organization Position Status
Symmetricom, Inc. Executive Vice President & General Manager Current
Organization Position Status
Symmetricom, Inc. Product Marketing Manager Current
Organization Position Status
Symmetricom, Inc. Country Manager Current
Organization Position Status
Symmetricom, Inc. Digital Media Quality and Principal Technologist for Symmetricom's Qoe Solutions Current
Organization Position Status
Sourceforge.Net Interim Chief Executive Officer, President and Chairman of the Board of Directors Current
Flag Capital Management, LLC Current
Symmetricom, Inc. Chair Current
Covad Communications Group, Inc. Board of Directors Current
Symmetricom, Inc. Board of Directors Current
SourceForge, Inc. Board Member Current
Dex Media, Inc. Chief Financial Officer Former
Linux Networx, Inc. Chief Financial Officer Former
Swiftel Communications Inc. Chief Financial Officer Former
Linux Networx, Inc. Executive Vice President Former
Dex Media, Inc. Executive Vice President Former
Intel Corporation Director of Finance Former
Organization Position Status
Leapstone Systems, Inc. Current
Probe Financial Associates, Inc Chairman Current
TranSwitch Corporation Board of Directors Current
Symmetricom, Inc. Board of Directors Current
Northeast Utilities board member Current
NYNEX Vice President, Strategic Planning and Marketing Former
Detecon, Inc. Founder Former
AT&T Inc. Director of Cross Industry Information Systems Former
AirTouch Communications Former
US WEST, Inc. Former
City University of New York M.S. degree in Engineering Former
City College of New York B.S. degree Former
New York Independent System Operator, Inc. member Former

Ms. Fetter was most recently the President, Chief Executive Officer, and Director of Jacent Technologies, a privately held supplier of on-demand ordering technology solutions for the restaurant industry. Ms. Fetter has been a director of the Company since October 2002. She was a director of Datum Inc., which was acquired by the Company in October 2002, from March 2000 to October 2002. Ms. Fetter is currently a board member of Quantum Corporation, a data storage company, and Ikanos Corporation, a provider of broadband equipment. Ms. Fetter was President, Chief Executive Officer and a director of QRS Corporation, a retail supply chain software and services company, from October 2001 through November 2004, when QRS was sold to Inovis Inc. She served as President, Chief Executive Officer and a director of NorthPoint Communications Group, Inc. from March 2000 to April 2001, after serving as a director since January 2000. Ms. Fetter previously was Vice President and General Manager of the Consumer Services Group at U.S. West, Inc. and also held various senior executive positions at Pacific Bell.

Organization Position Status
Symmetricom, Inc. Board of Directors Current
Jacent Technologies, Inc. Chief Executive Officer Former
Jacent Technologies, Inc. President Former
Jacent Technologies, Inc. Director Former
Organization Position Status
Virgin Media Inc. Director Current
Ntlpa Board of Directors Current
Symmetricom, Inc. Board of Directors Current
Vyyo Inc. Vice Chairman Former
Vyyo Inc. Board of Directors Former
Organization Position Status
Symmetricom, Inc. Board Member Current
Connexed Board Member Current
Alliant International University Board Member Current
NorthPoint Communications Chief Executive Officer Former
NorthPoint Communications President Former
Carnegie Mellon University M.S. Former
Carnegie Mellon University B.A. Former

Dr. Oliver has been Chief Executive Officer of American Sentinel University and its predecessors since June 2000. He was formerly a professor of management at the Owen Graduate School of Management, Vanderbilt University.

Organization Position Status
Symmetricom, Inc. Board of Directors Current
Applied Innovation, Inc. Board of Directors Current
Owen Graduate School of Management Prof of Management Former
Symmetricom, Inc. member Former
Organization Position Status
Widox Chairman of the Board of Directors, President and CEO Current
Auspice, Incorporated Chairman of the Board of Directors, President and CEO Current
Professional Stocktrading Chairman of the Board of Directors, President and CEO Current
ARRIS Group, Inc. Chairman Current
ARRIS Group, Inc. Board of Directors Current
Symmetricom, Inc. Board of Directors Current
ARRIS Group, Inc. Chief Executive Officer Former
Antec, Inc. President Former
Antec, Inc. Chief Operating Officer Former
Antec, Inc. Director Former
North Carolina State University Masters degree in Industrial Engineering Former
Clemson University Bachelors Degree In Mechanical Engineering Former

Executive News

  • Chiddix Joins Arris Board

    Multichannel Online - 6/19/09 - View Story

  • ARRIS Group, Inc. Announces James A. Chiddix to Join The ARRIS Board of Directors

    PR Newswire - 6/19/09 - View Story

  • ARRIS Group, Inc. Announces James A. Chiddix to Join The ARRIS Board of Directors

    PR Newswire via Yahoo! - 6/19/09 - View Story

  • Asure Software Board of Directors Appoints COO Nancy L. Harris as President and Chief Executive Officer

    TMC Net - 6/18/09 - View Story

  • Market Report -- In Play (ASUR)

    Briefing.com via MSN Money - 6/18/09 - View Story

  • Asure Software Names Nancy Harris President, CEO, Effective Immediately- Quick Facts

    RTTNews.com - 6/18/09 - View Story

  • Asure Software Board of Directors Appoints COO Nancy L. Harris as...

    MSN Money - 6/18/09 - View Story

  • Asure Software Board of Directors Appoints COO Nancy L. Harris as President and Chief Executive Officer

    Street Insider - 6/18/09 - View Story

  • Asure Software: Asure Software Announces Financial Results for the 2009 Fiscal Third Quarter

    Market Wire - 6/18/09 - View Story

  • Asure Software Board of Directors Appoints COO Nancy L. Harris as President and Chief Executive Officer

    Market Wire - 6/18/09 - View Story

  • Asure Software Announces Financial Results for the 2009 Fiscal Third Quarter

    Market Wire - 6/18/09 - View Story

  • Symmetricom Cuts 4%

    Light Reading - 6/13/09 - View Story

  • Asure Software Announces Details of Third-Quarter Fiscal Year 2009 Earnings Release and Conference Call

    Reuters - 6/12/09 - View Story

  • Asure Software Announces Details of Third-Quarter Fiscal Year

    Market Wire via MSN Money - 6/12/09 - View Story

  • Symmetricom to cut 30 jobs

    Biz Journals - 6/12/09 - View Story

  • Symmetricom Announces Cost Reductions to Further Streamline Operation

    Business Wire - 6/12/09 - View Story

  • Symmetricom to cut 30 jobs

    Silicon Valley/San Jose Business Journal - 6/12/09 - View Story

  • Symmetricom to Present at RBC Capital Markets Technology, Media and Communications Conference...

    Forbes.com - 6/05/09 - View Story

  • Symmetricom to Present at RBC Capital Markets Technology, Media and Communications Conference on June 9

    DMN Newswire - 6/05/09 - View Story

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     SYMM $5.72 -0.13 (-2.22% )
Average Volume 189,810
Shares Outstanding 43.63M
Market Cap 249.6M
Year High 6.05
Year Low 2.49
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

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