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Business briefs

17 Jun 2002

Including news from Nortel Networks, Micronic Laser Systems, Opsys, Three-Five Systems and more.

  • Terry Hungle, the recently appointed chief financial officer of Nortel Networks, has resigned. This move follows unauthorized personal transactions made by Hungle into Nortel's long-term investment plan. Chief executive officer Frank Dunn said: "This matter is unfortunate but we have acted in the best interests of Nortel Networks."

  • Micronic Laser Systems, the Swedish supplier of laser pattern generators for microlithography, has posted net annual sales of $66.3m (EURO 76.1m), down 1% from last year. The annual net profit dropped to $0.9m from the $8.5m reported for 2000.

  • UK-based display developer Opsys has produced its first passive matrix organic light-emitting diode (OLED) display. The prototypes mark the successful implementation of Eastman Kodak's OLED technology, which was licensed to Opsys in May 2001.

  • US firm Three-Five Systems, a manufacturer of liquid-crystal displays, has teamed up with China Display Digitial Image Technology of Shanghai to develop light engines for microdisplays. They say that the devices will target multimedia projectors and rear-projection television applications.

  • Agere Systems, Alcatel Optronics and Nortel Networks have announced a multisource agreement (MSA) for compact erbium-doped fiber amplifiers. The MSA establishes common specifications for product package outlines, pin function definitions and optical characteristics.

  • Lumencor, Inc.ULO OpticsBristol Instruments, Inc.Omicron-Laserage Laserprodukte GmbHart Photonics GmbHSacher Lasertechnik GmbHScitec Instruments Ltd
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