DENVER - June 10, 1998 - Qwest today announced Vinod Khosla, venture capitalist from Kleiner Perkins Caufield & Byers and co-founder and founding Chief Executive Officer of Sun Microsystems, has joined its board of directors.
Khosla was one of four young men who founded Sun Microsystems back in 1982 to provide open desktop computers at a fraction of the cost of the existing systems. Currently, Khosla serves as General Partner with the prestigious venture capital firm Kleiner Perkins Caufield & Byers (KPCB) and as a Partner of the Java Fund. Kleiner Perkins Caufield & Byers? portfolio of companies includes SUN, Compaq, Concentric Networks, Netscape, Ascend, America On-line, @Home, Amazon.com, Excite, among others.
?Qwest is extremely pleased to have Vinod Khosla - the founding CEO of Sun and the pioneer of open systems, commercial RISC processors and IP adoption - join our board,? said Joseph P. Nacchio, President and CEO of Qwest. ?Vinod brings to Qwest an invaluable amount of business and technical knowledge and the understanding of Silicon Valley, which will be instrumental as Qwest moves forward with its multimedia IP strategy.?
In addition to serving on the board at Qwest, Khosla is a member of the board of directors at Concentric Network, Excite Inc., Fiberlane Communications, Juniper Networks, Microprose, Nova Communications and Total Entertainment Network.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Qwest with the SEC, specifically the most recent reports on Form 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in quarterly results, dependence on new product development, rapid technological and market change, failure to complete the network on schedule, volatility of stock price, financial risk management and future growth subject to risks.
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