Weebit’s big ‘Dadi’ to take a bigger role in the company

Published at May 3, 2016, in Technology

Former Intel Vice President David ‘Dadi’ Perlmutter has agreed to take the position of Non-Executive Chairman with Weebit Nano Ltd.

The position will come into effect at the settlement of the proposed acquisition of Weebit by Radar Iron Ltd (ASX:RAD).

Mr. Perlmutter has been with Weebit since 1 April 2016 in the position of Non-Executive Director and brings with him extensive industry experience in the semi-conductor space and a vast list of contacts.

As the preeminent provider of semi-conductor chips and platforms, Intel has provided a rare breeding ground for top tech talent of which Mr. Perlmutter is one. His roles at Intel include Executive Vice President and Chief Product Officer at Intel Corporation and General Manager of the Intel Architecture Group.

Mr. Perlmutter was directly responsible for developing several of Intel’s major products and had an enormous impact on Intel’s business globally.

He grew Intel’s business from US$35 billion in 2008 to more than $50 billion. By 2013, he managed 35,000 people worldwide and oversaw investments and acquisitions exceeding $2.5 billion.

While at Intel he developed the 1387 math co-processor, for which he received an award for innovation in industrial development from the President of Israel. He also led the team that developed the architecture of Intel’s Pentium Processor in the late 1980s and led Intel into the data centre industry and wireless communication via development of Wi-Fi products for Centrino; acquiring 3G and LTE.

“This further appointment is a massive gain for the management and shareholders of the company,” said Weebit CEO Yossi Keret.

As a Managing General Partner of Eucalyptus Capital Growth he has been focused on investment in late stage Israeli technology companies, where he helps grow their business.

Radar iron is expected to meet on 18 May to seek approval for the step required for the Weebit acquisition and associated re-compliance capital raising.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X