Infinite order differential operators in spaces of entire functions

Differential operators ?(Δ_θ,ω), where ? is an exponential type entire function of a single complex variable and Δ_θ,ω=(θ+ωz)D+zD², D=∂/∂z, , θ?0, , acting in the spaces of exponential type entire function are studied. It is shown that, for ω?0, such operators preserve the set of Laguerre entire functions provided the function ? also belongs to this set. The latter consists of the polynomials possessing real nonpositive zeros only and of their uniform limits on compact subsets of the complex plane . The operator exp(aΔ_θ,ω), a?0 is studied in more details. In particular, it is shown that it preserves the set of Laguerre entire functions for all . An integral representation of exp(aΔ_θ,ω), a>0 is obtained. These results are used to obtain the solutions to certain Cauchy problems employing Δ_θ,ω.