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Business briefs

17 Jun 2002

Including news from Lucent Technologies, DenseLight Semiconductors, Lumics and more.

  • Lucent Technologies, US, has named Patricia Russo as the company's new president and chief executive officer. Russo is set to leave her current post as president and chief operating officer of Eastman Kodak.

  • DenseLight Semiconductors of Singapore, a developer of photonic integrated circuits, has received an award of USD 30 million from international venture capital group 3i. The investment will be made over 15 months and allow DenseLight to ramp up manufacture of its indium phosphide optical components for dense wavelength division multiplexing applications.

  • Newport, a US-based fiber-optic and semiconductor equipment manufacturer, expects the effects of its recent cost reduction initiatives to be reflected in its fourth quarter results. The company anticipates earnings per share to be better than the loss of 1 cent per share that was reported previously.

  • The 2002 Rank prize for Optoelectronics will be awarded jointly to the researchers who pioneered the fields of practical fiber Bragg gratings, optical coherence tomography and vertical cavity surface-emitting lasers. The awards will be presented at the Royal Society of Medicine, UK, in February.

  • German start-up Lumics has announced the availability of its first product, only 12 months after receiving EURO 3.3 million (USD 2.9 million) of first round funding. The company claims the 980 nm pump laser diode has a power output of up to 330 mW and is suitable for applications such as low-noise high-power erbium-doped fiber amplifiers.

  • Boston Electronics CorporationHyperion OpticsISUZU GLASS, INC.Materion Balzers OpticsCobolt ABSynopsys, Optical Solutions GroupTechnoTeam Bildverarbeitung GmbH
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