Business briefs
17 Jun 2002
Including news from Ulm Photonics, Alcatel, Lucent, Terahertz Photonics and more.
Ulm Photonics, a Germany-based developer of vertical-cavity surface-emitting lasers (VCSELs), has opened a new manufacturing facility in Ulm, Germany. Equipped with a new molecular beam epitaxy system, Ulm will use the facility to ramp-up production of its flip-chip VCSEL arrays to meet growing customer demand.
US-based
RSoft, a developer of software for the photonics and fiber-optics industries, has completed its merger with fellow US-based software company
Network Design Tools. The new company, called
RSoft Design Group, will supply performance, optimization, modeling and simulation software for optical component design.
Alcatel of France is to acquire US-based
Astral Point Communications in a deal valued at EURO 153 million (USD 135.5 million) in Alcatel shares. The companies will join forces to develop next-generation optical technology for metro networks.
US-based
Lucent Technologies has reported revenues of USD 3.5 billion for the first fiscal quarter, a loss of USD 1.3 billion from the previous quarter. In response to recent cost-cutting measures, the loss per share was reduced from 28 cents to 23 cents over the quarter.
Scottish optoelectronics start-up
Terahertz Photonics has won GBP 6 million of second-round funding to further the development of its planar lightwave circuit technology. This funding comes after the closure of Terahertz's semiconductor devices division. (See related
story.)
High-performance imagesensor maker
Dalsa of Canada is set to acquire the CCD image sensor business of
Phillips Electronics based in the Netherlands. Savvas Chamberlain, chief executive officer of Dalsa said: "This will extend Dalsa's traditional position in industrial applications to the professional digital camera marketplace, and high-performance sectors."
US-based
Agere, a communications component developer, has reported quarterly revenues of USD 537 million, a loss of 10% from the previous quarter. Agere will now streamline its operations by selling its fabrication facility in Florida, US, and combining the majority of its integrated circuit development.
