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Shugart takes shade under Cypress

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Internet Security Threat Report 2014

Hard disk veteran Alan Shugart, fresh from his brush with the Seagate board of directors, has become a member of the board of Cypress Semiconductors. Cypress’ main line of business is static RAM (SRAM) , and other semiconductor products. He takes up the position 3Com’s CEO and chairman occupied before he was named chairman of the board of Cypress at the end of July. T.J. Rodgers, the Cypress president and CEO, said: "Al Shugart is a Silicon Valley fixture. We look forward to tapping his expertise as Cypress draws closer to its current goal to become a $1 billion company." Shugart founded Seagate in 1979 and in a shock move last July was ousted from the board of directors, following poor financial results which has resulted in the layoff of many staff during this year. ®

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