Friday, February 08, 2013

Tessera DOC Gets New President

Business Wire: Tessera announces that John S. Thode has been appointed president of DigitalOptics Corporation (DOC). Thode will report to Robert A. Young, president and CEO of Tessera.

"DOC has a unique and differentiated MEMS approach to smartphone camera modules that I believe has the potential to revolutionize mobile imaging," said Thode. "I look forward to working with the team to deliver MEMS autofocus camera modules to market and to build on DOC’s emerging role in this exciting space."

Thode, 55, was most recently EVP and GM at McAfee. Before that, Thode was GM of Dell’s Mobility Products Group where he was responsible for leading the strategy and development of Dell’s nontraditional products, including smartphones and tablets. Prior to Dell, Thode was president and CEO at ISCO, a telecom infrastructure company. Thode also spent 25 years with Motorola in various management roles, including GM of its UMTS Handset Products and Personal Communications Sector and GM of its Wireless Access Systems Division in its General Telecoms Systems Sector.

Business Wire: Tessera announces Q4 and 2012 earnings. In Q4 DOC revenue was $10.2M, compared to $7.7M a year ago. The increase was due primarily to sales of fixed focus camera modules of $3.8M that occurred in 2012 but did not occur in 2011, which was partly offset by lower revenues from the company’s image enhancement technologies and weaker demand for the company’s Micro-Optics products.

Fore the full year 2012, DOC revenue was $41.1M.

Thanks to SF for the links!

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