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CEO Omid Tahernia, Ikanos Communications, Inc. Insider Buys $16.8 thousand of Shares on February, 06, 2014

Omid Tahernia, CEO and President of Ikanos Communications, purchased 20,000 shares of Ikanos (Stock Symbol: IKAN) at $0.84 per share for a total amount of $16.8 thousand on February 06, 2014.

Ikanos Communications is based in Fremont, CA.

On 01/06/2014, Ikanos extended broadband residential gateway leadership with a new family of high-performance processors.

On 01/30/2014, Ikanos Communications announced its latest quarterly and annual results. Q4 revenue of $17.6 million, GAAP net loss of $(8.6) million, or $(0.10) per share, ending cash, cash equivalents and short-term investments of $39.5 million. Net proceeds from completed secondary offering of $24.0 million.

According to Capital IQ, [Enter Company Name] has a market cap of $71.09 million, an enterprise value of $43.57 million, and trailing 12 month revenues of $79.75 million.

Ikanos Communications, Inc. engages in the design, development, marketing, and sale of semiconductors and integrated firmware for the digital home worldwide. The company offers a range of broadband digital subscriber line (DSL) semiconductor integrated firmware products for very-high-bit rate DSL and asymmetric DSL implementations. It also provides integrated and standalone communications processors that support various wide area network topologies that work with passive optical network, DSL, wireless broadband, and Ethernet. The company provides its products for use in DSL access multiplexers, optical network terminals, concentrators, modems, voice over Internet protocol terminal adapters, integrated access devices, and residential gateways. It primarily serves original design manufacturers, contract manufacturers, network equipment manufacturers, and original equipment manufacturers through direct sales force, third-party sales representatives, and distributors. Ikanos Communications, Inc. was incorporated in 1999 and is headquartered in Fremont, California.

Tahernia Omid’s most recent annual compensation from Ikanos is a salary of $224,359, $905,893 in other compensation, and a total compensation of $1,130,250. Mr. Omid is 52 years old.

According to his biography, Mr. Omid Tahernia is President, Chief Executive Officer, Director of Ikanos Communications Inc. Since June 2012 Mr. Tahernia has served as President, Chief Executive Officer and a member of the Board. Prior to joining Ikanos Mr. Tahernia served as President and Chief Executive Officer of Tilera Corporation from October 2007 to October 2011. Mr. Tahernia was with Xilinx first as Vice President and General Manager of the DSP Division from July 2004 to June 2006 and later as Vice President and General Manager of the Processing Solutions Group from June 2006 to September 2007. Mr. Tahernia served as Vice President and Director of Strategy and Business Development of the Motorola, Inc. Semiconductor Group from June 2003 to July 2004 and Vice President and General Manager of the Wireless & Mobile Systems Division from December 1998 until June 2003. He holds B.S.E.E. from Virginia Polytechnic Institute & State University, and an M.S.E.E. from Georgia Institute of Technology.

All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com .

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.