SAN FRANCISCO, March 16, 2011 /PRNewswire/ -- Merriman Holdings, Inc. (Nasdaq: MERR), today announced that it has appointed Don Scifres to its independent advisory board.
Don Scifres began his career at the Xerox Palo Alto Research Center where he co-established a new laboratory for the study of semiconductor lasers and light emitting diodes. While at Xerox, Scifres held positions of Manager of Optoelectronics and Xerox Research Fellow. At Xerox, he and his colleagues developed high power semiconductor laser arrays leading to the founding of SDL, Inc. in 1983. Under his direction as CEO and Chairman of the Board, SDL, Inc. became one of the fastest growing companies in the fiber optics and optoelectronics industries. In February 2001, SDL, Inc. merged with JDS Uniphase Corporation (Nasdaq: JDSU). At the time the merger was announced in July 2000, SDL, Inc. had grown to approximately $500 million in sales, with over 2,000 employees in eight locations worldwide. SDL's market cap was $41 billion, making the merger the largest technology deal ever done at that time. Scifres was co-chairman of the board of JDS Uniphase Corporation, Chief Strategy Officer, and headed mergers and acquisitions.
In February 2003, Scifres left JDS Uniphase and founded SDL Ventures, LLC and SDL Capital, LP, investment companies based in Los Altos, California.
Scifres also served as president of LEOMA, the Lasers and Electro Optics Manufacturers Association and is an active investor in both public and private companies. He is on the board of directors of several non-public companies and has been awarded several medals for engineering excellence and innovation. He holds over 140 U.S. patents and has published over 300 technical articles.
About Merriman Holdings, Inc.
Merriman Holdings, Inc. (Nasdaq: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services. Merriman specializes in three industry growth sectors: Technology, CleanTech and Consumer, Media & Internet. For more information, please go to http://www.merrimanco.com/
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2010. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2010 and the Form 10-Q filed on November 15, 2010, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com . Please click on "Investor Relations."
SOURCE Merriman Holdings, Inc.