West Virginia Universitys College of Engineering and Mineral Resources on Friday, April 6, recognized one WVU alumnus and joined another in announcing a new research initiative.

The college honored Silicon Valley venture capitalist Ray Lane and his wife, Stephanie, by renaming the Department of Computer Science and Electrical Engineering after them.

In a dedication ceremony in the Mineral ResourcesBuilding, the couple joined WVU officials in unveiling a bronze plaque that will be displayed in the Lane Department of Computer Science and Electrical Engineering in the EngineeringSciencesBuilding. In September, the Lanes gave $5 million to the college to enhance the department.

Lane, a MoonTownship, Pa., native and 1968 mathematics graduate, is a partner in the venture capital firm Kleiner, Perkins, Caufield&Byers. He is the former president and chief operating officer of Oracle, the worlds second-largest software company. He is serving as the national committee chairman for the WVU Foundations Building Greatness capital campaign, which the Lanes helped launch last fall with their donation.

Stephanie Lane serves on the executive committee of The Grandview League and is a trustee for the Villa Montalvo, a California arts center. She chaired the Cattlebarrons Ball last year in San Jose, raising more than $1 million for the American Cancer Society.

The couple lives in Atherton, Calif.

The Lanesgift will support an endowed computer science chair to be held by a nationally recognized scholar; a program enhancement endowment for faculty, research, labs and outreach activities; endowed graduate fellowships; a fund to be used as venture capital to jump-start the departments research efforts; and a library endowment for computer science materials.

It is the largest gift ever made to the college and one of the largest to the University.

Earlier in the day, electrical engineering alumnus Rouzbeh Yassini announced that his firm, YAS Corp. of Andover, Mass., and WVU will join forces in a broadband technology project. This evolving field involves combining various communications bands to improve the quality of people’s lives.

The announcement was made during a broadband technology seminar at the EricksonAlumniCenter. 

Yassini, a 1981 graduate and father of the cable modem, has pledged $500,000 to the computer science department over 10 years to support the annual seminar, student projects, a world-class web site and a national network management center.