Optoelectronics Report articles from September 2001

Optoelectronics Report archives from September 2001

Thermo Electron takes Spectra-Physics private.(securities management strategy)(Brief Article)
September 15, 2001... WALTHAM, MA--At the end of August, Thermo Electron took the first step toward taking its only remaining publicly traded company, Spectra-Physics (Mountain View, CA), private. On August 21, Thermo Electron, which has owned about 80% of...

Lucent bails on start-ups, dumps Chromatis.(Chromatis Networks)(Brief Article)
September 15, 2001... TEL AVIV, ISRAEL--At an analyst session on August 23, Lucent Technologies (Murray Hill, NJ) announced plans to eliminate product redundancies and focus its R&D investment on the most important growth opportunities for its key customers--the...

Corning cuts and acquires.(management strategy)(Brief Article)
September 15, 2001... Coming Incorporated (Corning, NY) has announced plans to reduce its worldwide optical-fiber workforce by approximately 1000 employees by the end of 2001 in response to the continuing downturn in the telecommunications sector. Corning...

EXFO acquires an advantage.(Avantas Networks Corp)(Brief Article)
September 15, 2001... EXFO Electro-Optical Engineering Inc. (Quebec City, Que., Canada) has entered into an agreement to acquire Avantas Networks Corp. for approximately US$65 million. Consideration paid consists of approximately 4.4 million EXFO shares and US$36...

Picture this.(Eastman Kodak Company and ESS Technology Inc. product development product)(Brief Article)
September 15, 2001... Eastman Kodak Company (Rochester, NY) and ESS Technology Inc. (Fremont, CA), a provider of semiconductors for digital video, communications, and digital home systems, have announced an agreement to develop DVD players with features that will...

Cisco combines its optical divisions.(company restructuring strategy)(Brief Article)
September 15, 2001... SAN JOSE, CA--In response to changing customer requirements and market opportunity, telecom networker Cisco Systems recently restructured its engineering and development teams from three lines of businesses (service provider, enterprise, and...

Taiwan loves Luminent.(contract information)(Brief Article)
September 15, 2001... In an effort to retain skilled workers and sustain growth, Luminent (Chatsworth, CA) has entered into a strategic alliance with Taiwan's Ministry of Economic Affairs. The Memorandum of Understanding is designed to enhance Taiwan's...

New Lambda COO.(Lambda Physik AG's Ton van Zwam)(Brief Article)
September 15, 2001... Lambda Physik AG (Gottingen, Germany) announced that Ton van Zwam has assumed the post of chief operating officer, effective immediately. Jurgen Heukaufer, who has performed the duties of COO since May 1, 2001 as well as those of CFO since...

MEMS gaining momentum.(microelectromechanical-systems )(Brief Article)
September 15, 2001... Despite the recent market downturn, microelectromechanical-systems (MEMS) technology remains an oasis within the telecommunications industry, according to Cahners In-Stat Group (Scottsdale, AZ). MEMS will play a key role in providing the...

Smart Optics.(Sira Electro-Optics Ltd award information)(Brief Article)
September 15, 2001... Sira Electro-Optics Ltd. (South Hill, England), the Mullard Space Science Laboratory of University College London, and the UK Astronomy Technology Centre (Edinburgh, Scotland) have won a Faraday Partnership award in "Smart Optics," bringing...

Agere is junk.(Agere Systems Inc.'s credit and loan rating status)(Brief Article)
September 15, 2001... Citing Agere Systems Inc.'s "substantially depressed" operating profitability, Standard & Poor has cut the semiconductor maker's corporate credit and bank loan ratings to "junk" status. Agere has suffered from a steep drop-off in demand for...

CORRECTION.(Correction Notice)
September 15, 2001... An International Publication No. WO 01/11397 A1 was awarded by the World Intellectual Property Organization to Luckoff Display Corp. (Columbus, OH) in February 15, 2001, in relation to US Patent No. 5,613,022 for diffractive display, which...

NREL awards boost thin-film solar cells.(National Renewable Energy Laboratory )(Brief Article)
September 15, 2001... GOLDEN, CO--The US Department of Energy (DOE) National Renewable Energy Laboratory (NREL; Golden, CO) is funding 19 universities and 14 commercial outfits to the tune of $40 million for research and development into thin-film photovoltaic...

TLC to buy rival Laser Vision Centers.(TLC Laser Eye Centers)(Brief Article)
September 15, 2001... MISSISSAUGA, ONT., CANADA--Citing need for industry consolidation to combat a slowdown in the laser vision-correction business, the two leading providers of vision-correction services have agreed to merge. TLC Laser Eye Centers intends to buy...

Foundation fuels astronomy project.(W. M. Keck Foundation gives grant to Boston Univ. to develop Mimir polarimeter and imaging spectrometer)(Brief Article)
September 15, 2001... The Los Angeles-based W. M. Keck Foundation, one of the nation's largest philanthropic organizations interested in engineering, science, and medical advancement, recently awarded Boston University's (Boston, MA) astronomy department a...

Solectron solidifies services.(Iphotonics Inc. acquisition)(Brief Article)
September 15, 2001... Solectron Corp. (Milpitas, CA), the world's leading provider of electronics manufacturing and supply-chain management services, has signed a definitive agreement to acquire Iphotonics Inc. (Glen Bumie, MD and Fremont, CA), a leading provider...

Ciena joins S&P 500 index.(Standard & Poor's)(Brief Article)
September 15, 2001... Ciena Corp. (Unthicum, MD), a maker of optical networking systems and software, was added to Standard & Poor's 500 index after the close of trading on Wednesday, Aug. 29, replacing American General Corp. Ciena will be included in the S&P...

Cash for components.(Princeton Optronics raises funds)(Brief Article)
September 15, 2001... Princeton Optronics (Princeton, NJ), manufacturer of active fiberoptic components including tunable lasers, vertical-cavity surface-emitting lasers, and MEMS technologies, has announced completion of a second round of financing for $25...

MEMX appoints Mike Hodges.(president/CEO)(Brief Article)
September 15, 2001... MEMX (Albuquerque, NM), developer of SUMMIT V MEMS technology, has appointed Mike Hodges, a seasoned veteran of telecom startups, as president and CEO. He has served as CEO during the formative stages of companies such as Onetta, Tellium,...

RHK forecasts 36% decline.(optical-transport market in 2001)(Brief Article)(Statistical Data Included)
September 15, 2001... Revised market figures from telecom research firm RHK (South San Francisco, CA) show the North American optical-transport market will decline 36% from 2000 levels. Optical-transport equipment sales, including DWDM, SONET, and crossconnects,...

Finanacial Scoreboard.(Roper Industries, National Semiconductor Corp., Finisar Corp., Zygo Corp., OmniVision Technologies - financial results in 2001)(Brief Article)(Statistical Data Included)
September 15, 2001... Finanacial Scoreboard End Company Period date Revenues Income Roper Industries Q3 7/31/01 $138 million $13.1 million Bogart, GA Q3 7/31/00 $125 million $11.1...

Optoelectronics Report 40.(Illustration)(Statistical Data Included)
September 15, 2001... Optoelectronics Report 40 Company Location Ticker Aug. 24 ADC Telecommunications Minnetonka, MN ADCT 4.79 Agere Systems Inc. Allentown, PA AGRa 5.03 Agilent...

Motorola creates materials.(Ill-V materials - semiconductors)(Brief Article)
September 15, 2001... Motorola Inc. (Schaumburg, IL) has announced successful combination of the best properties of silicon technology with the speed and optical capabilities of high-performance compound semiconductors that are known as the Ill-V materials. The...

CSD to support Swiss market.(Coherent Inc.'s Semiconductor Div.)
September 15, 2001... Coherent Inc. Semiconductor Division (CSD; Santa Clara, CA) will provide direct sales, service and support to the high-power diodelaser market in Switzerland from the CSD European headquarters in Dieburg, Germany. The new sales and service...

'Team' players win NSF grant.(Cornell University's professor Christopher Ober gets National Science Foundation grant)(Brief Article)
September 15, 2001... Christopher Ober, professor of materials science and engineering at Cornell University (Ithaca, NY), has been awarded a $1 .3-million, four-year grant by the National Science Foundation (Arlington, VA) to produce and study polymer...

Loughborough company gets development grant.(Laser Optical Engineering to develop hologram marking system)(Brief Article)
September 15, 2001... LOUGHBOROUGH, ENGLAND--A new laser technique to identify fake versions of high-value products such as computer parts could soon be on the market. Laser Optical Engineering will spend 18 months testing an "invisible" hologram marking system....

Agility rolls out three-in-one laser on a chip.(Agility Communications Inc.)(Brief Article)(Product Announcement)
September 1, 2001... SANTA BARBARA, CA--In a move claimed to be an industry first, Agility Communications Inc., a developer of widely tunable lasers, announced the successful development of a tunable electromodulation laser (EML), which combines an...

IntelCore gets $25 million in second round.(IntelCore Technologies Inc.)(Brief Article)
September 1, 2001... BOSTON, MA--IntelCore Technologies, a provider of specialty optical fiber and fiber-based devices, has raised $25 million in second-round funding. This latest investment brings IntelCore's total financing to $30 million. The company will...

Chang's new focus.(Milton Chang)(Brief Article)
September 1, 2001... New Focus Inc. (San Joe, CA), a supplier of innovative fiberoptic products for optical networks, has announced that Dr. Milton Chang, chairman of the board, has stepped down to focus on incubating his new venture, Incubic (Mountain View, CA)....

Patent lawsuit.(Brief Article)
September 1, 2001... GSI Lumonics (GSLI; Kanata, Ont., Canada) has announced a favorable decision in patent litigation against the claims of Electro Scientific Industries (ESIO; Portland, OR). The US District Court for Central California denied ESIO's claim...

Monolithic market boom.(integrated optical components)(Brief Article)
September 1, 2001... A new report from optical networking and components consulting firm Communications Industry Researchers (Charlottesville, VA) forecasts that the worldwide market for integrated optical components will grow from $13.4 million in 2001 to $2.6...

Memscap establishes Finnish subsidiary.(Memscap Oy)(Brief Article)
September 1, 2001... GRENOBLE, FRANCE--Memscap, a product specialist in microelectromechanical systems (MEMS), has announced the setup of a wholly owned subsidiary in Tempere, Finland. Memscap Oy is the result of a strategic agreement between the French company...

Osram buys Osram.(Osram GmbH )(Infineon Technologies AG )(Osram Opto Semiconductors GmbH & Co. OHG)(Brief Article)
September 1, 2001... Osram GmbH (Munich, Germany) has announced the acquisition of all of the shares of Infineon Technologies AG (Munich, Germany) in their joint venture, Osram Opto Semiconductors GmbH & Co. OHG, for 565 million (US$516.6 million). The...

NEMI efforts.
September 1, 2001... The National Electronics Manufacturing Initiative (NEMI; Herndon, VA) has announced several new initiatives aimed at focusing industry efforts on issues regarding optoelectronic components in electronic assemblies. In addition, NEMI announced...

T-Networks secures $12.5M.(T-Networks Inc.)(Brief Article)
September 1, 2001... T-Networks (Allentown, PA), a startup that provides next-generation optical network solutions, has announced that it has received $12.5 million in funding. T-Networks has developed a product platform targeted for optical networking...

Fiber funding plan.(Brief Article)
September 1, 2001... Furukawa Electric Co. (Tokyo, Japan) plans to use part of the proceeds from the sale of shares in JDS Uniphase (San Jose, CA) to fund its purchase of the fiberoptics operations of Lucent Technologies Inc. Furukawa said it will book a special...

And Coming's plan.(Corning Inc.)(Brief Article)
September 1, 2001... Coming Incorporated (Coming, NY) has announced an offering of 14,222,500 shares of its common stock at a price of $15.88 per share in an underwritten public offering under its existing $5-billion universal shelf registration statement. The...

NAFTA gets the knife.(North American Free Trade Agreement)(Brief Article)
September 1, 2001... On August 13, Coming Incorporated (Coming, NY) announced that Coming Cable Systems (Hickory, NC) eliminated 450 positions to further adjust for declining business conditions in the telecommunications industry. The affected locations include...

Photogen study validates PDT for psoriasis.(Photogen Technologies Inc.)(photodynamic therapy)(Brief Article)
September 1, 2001... NEW HOPE, PA--One of the strongest emerging markets for lasers in dermatology is the treatment of chronic skin conditions such as psoriasis, eczema, and acne. More than 7 million people in the United States alone suffer from psoriasis, and...

Davin Optronics buys Coherent business.(Brief Article)
September 1, 2001... WATFORD, ENGLAND--The UK optoelectronics company Davin Optronics Ltd. has relocated its manufacturing, design, and office facilities from Borehamwood to Watford, following the company's acquisition of the optronics business of Coherent Ealing...

Give them credit.(Brief Article)
September 1, 2001... Polaroid Corp. (Cambridge, MA) has announced it has received a one-month extension of waivers on its bank loan covenants, enhancing the company's near-term liquidity and operational stability. Separately, Polaroid extended secured creditor...

Palomar expands.(Palomar Technologies Inc.)(Brief Article)
September 1, 2001... Palomar Technologies Inc. (Vista, CA), a manufacturer of precision automated assembly systems for broadband communications, announced that it has opened a second facility in Vista. The new 37,500-sq. ft. facility houses the sales, marketing,...

OpNext nabs $321 M.(Brief Article)(Statistical Data Included)
September 1, 2001... OpNext Inc (Eatontown, NJ), a global supplier of active fiberoptic components and modules, announced it has closed a $321-million investment from Clarity Group. OpNext will use this capital to expand its manufacturing capacity, establish a...

Grant spurs development.(Intense Photonics, development of optoelectronic packet switch)(Brief Article)(Statistical Data Included)
September 1, 2001... Intense Photonics (Glasgow, Scotland) has been awarded a [pound]450,000 (US$630,000) SpurPlus grant to develop an optoelectronic packet switch, a key component in all-optical networks. The device is expected to integrate all of the components...

Sleek Physik.(Lambda Physik AG expands production capacity with new plant)(Brief Article)
September 1, 2001... Lambda Physik AG (Gottingen, Germany) has put a modem production plant for industrial UV-laser technology into operation. The new building ensures sufficient capacities for the next two to three years. The expansion helped meet the growing...

Hana, IKE Micro align.(Hana Microelectronics, IKE Micro)(Brief Article)
September 1, 2001... Hana Microelectronics (Thailand) and IKE Micro (Nashua, NH) have announced a strategic alliance to provide electronics manufacturing services (EMS) domestically and overseas to the optoelectronics and RF industries. Hana, with EMS facilities...

Financial Scoreboard.
September 1, 2001... Financial Scoreboard End Company Period date Revenues Income Ciena Corp. Q3 7/31/01 $458 million $58 million Linthicum, MD Q3 7/31/00 $233.3 million $28.8 million ...

Optoelectronics Report 40.(Illustration)(Statistical Data Included)
September 1, 2001... Optoelectronics Report 40 Company Location Ticker Aug. 8 ADC Telecommunications Minnetonka, MN ADCT 4.75 Agere Systems Inc. Allentown, PA AGRa 5.50 Agilent Technologies...

Making interoperability a word.(Brief Article)
September 1, 2001... The Optical Intemetworking Forum (OIF; Fremont, CA) announced that a record number of members attended the July 31-August 2 meeting in Vancouver, B.C., Canada. As the only industry group uniting representatives from packet and voice networks,...

Put up your dukes.(Rhom Company Ltd.'s case against Nichia Kagaku KK)(Brief Article)
September 1, 2001... The US International Trade Commission (ITC; Washington, DC) has ordered Rohm Co. Ltd. (Kyoto, Japan) to show cause why Rohm's complaint against Nichia (Kaminaka, Japan) was not improper. The ITC also issued a separate order terminating its...

Laser maker gets $10M.(Applied Optoelectronics Inc.)(Brief Article)(Statistical Data Included)
September 1, 2001... Scientific laser maker Applied Optoelectronics Inc. (Sugar Land, TX) has raised $10 million in a second round of funding to complete its expansion into laser components for telecommunications. The company produces long-wavelength quantum...

Optillion opens North American office.(Brief Article)
September 1, 2001... STOCKHOLM, SWEDEN--The Swedish telecom and datacom component manufacturer, Optillion, is opening a US office in the San Francisco Bay area. The company, founded at the end of 1999, is a rapidly expanding player in the component and subsystem...