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Occam Networks Announces New Chief Financial Officer

Jeanne Seeley Joins Occam, Bringing Wealth of Financial Management and Operational Experience

SANTA BARBARA, Calif., May 08, 2008 (BUSINESS WIRE) -- Occam Networks(R) Inc. (NASDAQ:OCNW), a leading broadband access
network supplier, today announced that Jeanne Seeley, a veteran
Silicon Valley finance executive, has agreed to join Occam as its
Senior Vice President and Chief Financial Officer.

Ms. Seeley brings over 30 years of financial management,
accounting, and operational experience to Occam. She began her career
in Silicon Valley at Apple Computer Inc., where she spent 16 years and
rose to Vice President, Corporate Controller and Chief Accounting
Officer. Subsequently, she has served as Vice President and Chief
Financial Officer of Quantum DSS Corporation, as Senior Vice President
and Chief Financial Officer of both Snap Appliances Inc. and
PalmSource Inc., and most recently as Chief Financial Officer and
Chief Administrative Officer of Access Co., Ltd., a publicly traded
Japanese company that acquired PalmSource in 2005. In addition to
managing financial and accounting functions, Ms. Seeley's experience
has focused on Sarbanes-Oxley compliance initiatives, acquisition
negotiation and integration management. At Access Co., in addition to
her role as Global Chief Financial Officer, she was also General
Manager of Access' Sunnyvale, California operations.

"We are delighted to be bringing on a Chief Financial Officer with
Jeanne's strength and breadth of experience," said Bob
Howard-Anderson, Occam's President and Chief Executive Officer. "I
believe Jeanne is uniquely qualified to lead our finance department
and manage our continuing compliance and internal control initiatives
as well as many of the operational and administrative aspects of our
business."

Ms. Seeley commented: "I am looking forward to joining Occam at
this critical stage of its development. Occam has a great track record
of product and technology innovation, and I am eager to help maximize
the potential of its business."

Occam expects Ms. Seeley to join as Chief Financial Officer
effective May 12, 2008. Chris Farrell, Occam's former Chief Financial
Officer, will continue with Occam through May 31, 2008 to assist with
transition matters.

About Occam Networks Inc.

Occam Networks' broadband access solutions empower service
providers to offer profitable new voice, data and video services over
copper and fiber. Occam systems deliver flexibility and scalability in
a Triple Play world. Over 1.9 million BLC 6000 ports are currently
deployed at over 280 service providers in North America and the
Caribbean. For more information, please visit www.occamnetworks.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding
future events within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements include, among others,
forward-looking statements regarding Ms. Seeley's expected
contributions to Occam, her ability to assist Occam in its compliance
and internal control initiatives, and her ability to help maximize the
potential of Occam's business. Forward-looking statements are based on
Occam's current expectations, forecasts, and assumptions and involve
substantial risks and uncertainties, which could cause actual results
to differ materially from any future performance suggested in such
statements. There can be no assurances that forward-looking statements
will be achieved. Important factors that could cause Occam's actual
results to differ materially from those indicated in forward-looking
statements include risks associated with the following: customers'
willingness to adopt and purchase technologies offered by Occam;
customers' willingness and ability to upgrade their network
infrastructures and product offerings, which will depend in part on
consumer demand for those products and the incremental cost to Occam's
customers of implementing system upgrades; Occam's ability to continue
to penetrate the market for incumbent carriers and expand its ability
to sell into larger carriers; capital spending trends in the
telecommunications industry, particularly in light of challenging
macroeconomic conditions; and risks associated with outstanding
litigation. Therefore, any forward-looking statements should be
considered in light of various important factors, including the risks
and uncertainties listed above, as well as others. Occam makes no
commitment to revise or update any forward-looking statements in order
to reflect events or circumstances after the date any such statement
is made. Please also refer to Occam's most recent Annual Report on
Form 10-K and other filings with the Securities and Exchange
Commission for other important risk factors that could cause actual
results to differ materially from those contained in any
forward-looking statements.

Occam Networks and Occam BLC 6000 are either registered trademarks
or trademarks of Occam Networks Inc. in the United States and/or other
countries.

All other trademarks mentioned are the property of their
respective owners.

SOURCE: Occam Networks Inc.

Occam Networks
Juan Vela, 1-352-242-1732
jvela@occamnetworks.com
or
Stearns Johnson Communications
Tim Johnson, 1-415-397-7600
tjohnson@stearnsjohnson.com

Copyright Business Wire 2008


 
 

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