Ikanos Communications Appoints Michael Gulett as President and CEO

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Wed Jul 23, 2008 4:05pm EDT

FREMONT, Calif., July 23 /PRNewswire-FirstCall/ -- Ikanos Communications,
Inc. (Nasdaq: IKAN), a leading provider of advanced broadband solutions for
the digital home, today announced its Board of Directors has appointed Michael
Gulett as its president and chief executive officer, succeeding Michael A.
Ricci who is leaving those positions and will pursue other interests. Michael
Gulett has been a member of the Company's Board of Directors since 2003.
    "I am pleased to announce that Ikanos' Board of Directors has appointed
Michael Gulett as the Company's president and chief executive officer," said
G. Venkatesh, chairman of the board of directors for Ikanos Communications.
"Mike's strong executive management skills, track record of growing successful
companies, and his in-depth knowledge of Ikanos' business and the broadband
semiconductor market make him an excellent choice for the role. In addition, I
wish to thank Mike Ricci for his contributions to the Company. We wish him
well in his next endeavor."
    Gulett brings over 30 years of semiconductor and communications industry
experience. Gulett has held CEO positions most recently at Tzero Technologies
and ARC International, and was the interim CEO at Siliquent Technologies which
was acquired by Broadcom in 2005. Previously, Gulett served as president and
COO at Virata Corporation and president and CEO of Paradigm Technology. Prior
to Paradigm Technology, Gulett held engineering, operations and business
management positions at VLSI Technology, California Devices, NCR
Microelectronics and Intel Corporation. Gulett holds a bachelor's degree in
electrical engineering from the University of Dayton.
    "Ikanos is well positioned in an extremely dynamic industry with products
that continue to set the standards for broadband performance in markets around
the world," said Mike Gulett, president and CEO of Ikanos Communications.
"Ikanos has the technical expertise that will enable it to define the market
for next-generation broadband deployments. I am excited about our future
growth prospects."
    About Ikanos Communications, Inc.
    Ikanos Communications, Inc. (NASDAQ: IKAN) is a leading provider of
advanced broadband solutions for the digital home. The company's multi-mode
VDSL2/ADSLx, network processor and other products power the access
infrastructure and customer premises equipment for many of the world's leading
network equipment manufacturers and telecommunications service providers. For
more information, visit http://www.ikanos.com.
    (C) 2008 Ikanos Communications, Inc. All Rights Reserved. Ikanos
Communications, Ikanos, the Ikanos logo, Ikanos Programmable Operating System,
Arion, CleverConnect, Eagle, Fiber Fast, Fusiv, Fx, FxS, LoopNostics, Maximus,
Palladia, RRA, SmartLeap and VLR are among the trademarks or registered
trademarks of Ikanos Communications.
    Cautionary Statement
    This press release contains forward-looking statements that involve
substantial risk and uncertainty regarding future growth, overall prospects
and the ability of the new chief executive officer to lead Ikanos to new
levels of success. This forward-looking statement is subject to a number of
assumptions, uncertainties and risks, including overall economic and business
conditions, market acceptance of new products and the continued growth of the
market for broadband solutions and services. One should not rely upon forward-
looking statements as predictions of future events. For a further discussion
of the risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see the section
entitled "Risk Factors" in the Company's Annual Report on Form 10-K. We cannot
assure that the events and circumstances reflected in the forward-looking
statement will be achieved or occur, nor do we undertake any obligation to
update any forward-looking statements for any reason after the date of this
press release.
SOURCE  Ikanos Communications, Inc.

Susan Lehman of Rockpoint Public Relations, +1-510-832-6006,
susan@rockpointpr.com, for Ikanos Communications; or Margo Westfall of Ikanos
Communications, +1-510-438-6276, mwestfall@ikanos.com
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