Eagle Broadband Names Eric I. Blachno as New Chief Financial Officer

HOUSTON, Nov. 10/Satnews Daily/ ¾ Eagle Broadband, Inc. (AMEX:EAG) has appointed Eric I. Blachno as chief financial officer effective immediately. Blachno, formerly with IBM, Bear Stearns and Luminent, assumes the position from current chief financial officer Richard Royall who is resigning to pursue other interests.

Blachno brings almost two decades of financial and management leadership and Wall Street, technology and telecommunications industry experience with both Fortune 500 and emerging growth companies. Most recently he served as vice president of finance and chief financial officer at Cascade Microtech, a manufacturer of semiconductor equipment, where he helped lead the company to profitability while managing the financial, accounting and treasury functions.

Prior to Cascade Microtech, Blachno served as vice president of finance and chief financial officer at Luminent, Inc., a leading provider of fiber optic components where he was responsible for corporate strategy as well as all financial, accounting, treasury and investor relations functions. While at Luminent he took the company public with a $144 million IPO and profitably scaled the business from $60 million to a $200 million revenue run rate within two years until the company's merger with MRV Communications.

Prior to his senior financial management positions at Cascade Microtech and Luminent, Blachno served as managing director at technology and healthcare investment banking firm PMG Capital Corporation, where he led the company's technology group and communications equipment equity research. Prior to PMG, he was managing director and senior communications equipment equity analyst for Bear Stearns & Co., Inc. Before his Wall Street career, Blachno worked for nearly a decade at IBM where he held a variety of management positions in finance, sales, marketing, corporate strategy and software development. He holds an MBA in finance from the Wharton School, University of Pennsylvania, an MS in Telecommunications from Pace University, and a BS in Computer Science from the University of Florida.

Dave Weisman, CEO of Eagle Broadband said Eric brings a unique combination of financial, telecommunications and technology industry experience, with a well-respected reputation on Wall Street.

“I am confident Eric can provide Eagle with strong financial leadership and help drive the next phase of the company's growth while enhancing our communications with shareholders and maximizing visibility for the company within the investment community,” he said.

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