Title:Test Engineer
*******@********.***
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Full Name: David Eichler lyt761
Mailing Address: 132 Maybury Place
City, State: Woodside, California
ZIP:
94062
Country: USA Other Country Info:
Email address: *******@********.*** Other Email address:
Home Phone: 650-***-**** Cellular:
Work Phone: 650-***-**** Pager:
Job Information
Job Wanted: Vice President CFO or Sr Vice President and CFO or CFO or Chief Financial
Officer or COO IT Experience: 5+ Yrs
Degree Attained: Master's Degree Industry Experience:
Contract/Perm: Permanent
Minimum Pay: $230000 Per Year Last Updated:
Created: 02/12/2007
02/12/2007
Skills
My Best Skill: Technical Specialist
* Level:
Expert
2nd Best Skill:
Level:
3rd Best Skill:
Level:
List Other Skills: Chief Financial Office position with either a public or late stage
private, high technology company in SF Bay Area.
Citizenship, Travel, Relocation
Citizenship: U.S.
Citizen
Will you travel Occasionally
Will you relocate Yes
I may relocate to: Alabama Any state Any state
Resume
CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER
Background Summary
CFO experience with various public and non-public turnaround software, semiconductor and
computer system companies in Silicon Valley ranging from start-up to $3 billion in annual
revenues.
Senior financial management positions with successful, high growth, multinational
companies (Adobe, Tandem Computers and Syntex Corporation).
Extensive experience in the following areas;
* Turnaround and high growth companies.
* Merger and acquisition transactions including post acquisition integration.
* Multinational operations encompassing manufacturing.
* Financial controls involving budgeting, cash and working capital management.
* Corporate governance issues including SEC reporting, and Sarbanes Oxley (SOX).
* Public and private financings (Shelf Registrations and PIPES).
* US GAAP encompassing software revenue recognition.
* Investor relations.
* Building and managing efficient and scandal-free, finance and administrative
organizations embodying legal, IT and human resources.
MBA
in Finance from the University of California at Los Angeles.
B.S
. in Accounting from Northeastern University.
CPA license and experience with a major CPA firm (Arthur Andersen & Co.).
PROFESSIONAL EXPERIENCE
PHOENIX TECHNOLOGY LTD
., Milpitas, CA
Senior Vice President and Chief Financial Officer
April 2006
-December 2006 (Co. restructured)
Chief Financial Officer
for a $60+ million revenue, turnaround, public (NASDAQ), leading
core system and endpoint security application software company. Responsible for overseeing
a professional staff of 70 employees including investor relations as well as worldwide
finance, IT and facilities organizations.
* Led efforts with the Operating Committee, and later with the new CEO to restructure the
company and position the company for profitability and possible sale. Operating expenses
were reduced by 40% in five months which will result in the company achieving positive
cash flow and profitability during the second half of FY 2007.
* Changed the software licensing practices which improved revenue predictability and
pricing prior to new CEO joining the Company and received overwhelming praise from
securities analysts for doing so.
* Led Sarbanes Oxley (SOX) activities which reduced outside consultant costs and audit
fees. Improved the integrity of the accounting records, eliminated two material control
weaknesses from the prior year and greatly improved relationship with E&Y.
* Assisted the Board and the outside search firm in recruiting a new CEO.
* Assisted investment bankers with a strategic alternatives project.
INTELLISYNC CORPORATION, San Jose, CA
Vice President Finance and Chief Financial Officer
October 2005
- February 2006 (Company sold to Nokia for $430 million)
Chief Financial Officer for a $60 million revenue, turnaround, public (NASDAQ), and
leading multinational, wireless messaging and mobile software company. Primary
applications included push-email, data synchronization and systems management software.
* Provided due diligence assistance in selling the Company to Nokia in November 2005 for
$430 million.
* Successfully completed Sarbanes Oxley 404 certification process with no material
control weaknesses.
* Implemented FASB 123R (Stock Option Expensing). Oversaw Legal and HR functions and
assisted in IR activities.
SINETT CORPORATION, Sunnyvale, CA
Vice President Finance and Chief Financial Officer
September 2004
-October 2005 (Recruited by Intellisync)
Was recruited to assist CEO to build the infrastructure including processes and
procedures for a start-up company that designed purpose-built ICs and software powering
the next generation equipment for integrated wired and wireless networks (i.e. Unifed
Access). Company experienced major product delays and lost both major customers.
* Provided financial discipline in the Company in terms of operating and capital
expenditure spending levels given product development and sales delays.
TRIPATH TECHNOLOGY, INC
., San Jose, CA
Vice President Finance/Chief Financial Officer/Corporate Secretary
2002
-2004 (Recruited by Sinett )
Chief Financial Officer
for a $20 million revenue, turnaround, public (NASDAQ), mixed-
signal, semiconductor company. Oversaw all administrative functions including Investor
Relations.
* Assisted CEO in managing Company turnaround efforts reducing the quarter cash usage
from $3 million to under $1 million per quarter and reducing manufacturing costs which
resulted in improved gross margin percentage (from -14% in 2002 to 32% in Q4, 2004). Also,
implemented strong financial discipline in managing inventories, accounts receivables,
operating expenses and in improving gross margins. Successfully achieved or exceeded
operating results for seven consecutive quarters. Reduced inventory days on hand from 217
to 150 days, accounts receivable DSO from 71 to 38 days.
* Improved creditability with the investment community. Added five sell-side analysts.
Participated in numerous road show meetings and analyst conferences with CEO. Tripath was
the #2 performing stock on NASDAQ in 2003 and #1 performing stock in Silicon Valley (Stock
increased by 2400%).
* Successfully filed $50 million shelf registration statement (Form S-3) and raised a
portion of the amount.
* Oversaw implementation of Sarbanes Oxley Section 404 activities.
GADZOOX NETWORKS, INC
., San Jose, CA
Vice President of Finance / Chief Financial Officer / Corporate Secretary
2001
-2002 (Co. filed bankruptcy 2002)
Chief Financial Officer for a $30 million revenue, turnaround, public (NASDAQ), storage
area networking company. Successfully rebuilt and managed the finance and information
technology functions in a downturn market. Company filed bankruptcy in 2002.
* Assisted CEO in managing on-going downsizing activities and turnaround, reducing
operating expenses by $50 million while conserving limited cash.
* Assisted CEO in five financings; raising $5 million in convertible debt and $45 million
equity financings.
* Secured $5 million A/R financing line and negotiated extended payment terms and
favorable settlements with vendors.
* Established formal planning and forecasting process. Coordinated implementation of
Oracle ERP system (11i) and successfully negotiated clean opinion with outside auditors.
ALLIANCE SEMICONDUCTOR, Santa Clara, CA
Vice President of Finance and Administration / Chief Financial Officer
1999
-2001 (Recruited by Gadzoox)
Chief Financial Officer
for a $210 million revenue, public (NASDAQ), turnaround company
and leading worldwide supplier of high performance memory and memory-intensive logic
products, including SRAMs, DRAMs, and Flash memory semiconductors. Assisted CEO in
managing company turnaround to profitability. Ranked #164 in profitability, Forbes 500
(2000).
* Revenues increased from $40 million to $210 million.
* Worked with operations to reduce inventories by 50% and increase accuracy of
transaction reporting.
* Increased and improved securities analyst coverage and creditability.
* Managed $1 billion marketable securities portfolio. Implemented securities hedging
program and raised $30 million through variable forward sale transaction.
* Provided analysis and technical support on several M&A transactions.
* Obtained $15 million unsecured bank credit line as well as $85 million secured credit
facility (Citibank).
* Implemented new cash management system that increased cash availability.
* Rebuilt finance organization and improved timing as well as accuracy of reporting.
Directed Oracle system conversion (11i) and Y2K project.
ADOBE SYSTEMS INC
., San Jose, CA
Vice President of Finance / Chief Accounting Officer
1997
-1998 (Co. restructured-recruited by Alliance)
Vice President of Finance and Chief Accounting Officer
for a $1 billion public software
company. Specific duties included directing the activities of the controller, treasury,
tax and planning organizations, including the preparation of financial reports and SEC
filings, oversight of treasury activities including cash management, short term
investments, and currency hedging and the development of SAP financial systems throughout
Adobe. Oversaw implementation of SOP 97-2. Managed a staff of 55.
HYUNDAI ELECTRONICS AMERICA, San Jose, CA 1994 to 1997Senior Vice President of Finance and Administration / CFO
(Recruited by Adobe)
Chief Financial and Administrative Officer for a high growth turnaround US operating
company which included fifteen sales and marketing, engineering, and manufacturing
divisions (1997 revenues were $1 billion), and eight US subsidiaries (1997 subsidiary
revenues were $2 billion). Also served as a board member for three subsidiary companies.
Major product focus areas included memory, logic, and system integrated circuits; disc
drive media, PC's, monitors, LCD's, wireless communications, network systems, and assembly
and test services.
Major responsibilities included overseeing all administrative functional areas including
Finance, Human Resources, Information Technology, Purchasing and Facilities. Managed a
staff of 140 employees. Key accomplishments included;
* Successfully managed company turnaround. Reorganized and rebuilt effective and
efficient administrative staff during a time when revenues increased by $500 million.
* Successfully led due diligence team, purchase negotiation, and transition for a $22
million acquisition and was heavily involved in the due diligence effort and negotiation
of a $340 million acquisition. Later led efforts to restructure and sell six divisions
/subsidiaries.
* One of two individuals out of 600 employees from U.S. operations selected to receive
the Chairman's Corporate Achievement Award for leadership and achievement.
* Led efforts to evaluate various alternatives to finance $1.4 billion semiconductor fab
and assisted in raising $400 million in a public debt offering and $400 million in
syndicated bank loans.
OTHER EXPERIENCE
Senior financial management
positions with SYNTEX CORPORATION, TANDEM COMPUTERS INC., and
ARTHUR ANDERSEN & Co
. between 1972 and 1994.
Please report any problems with this system to: Steve Lackey