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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.

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