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.
