Business briefs
17 Jun 2002
Including news from LumiLeds, GSI Lumonics, Lucent, TRW and Zia Laser.
US-based
LumiLeds has incorporated its high-power Luxeon LEDs into a vehicle headlamp for the first time. The company claims that its proprietary Luxeon technology delivers 10 to 20 times more light than conventional LEDs and as a result these are the first devices capable of meeting the demands of forward-lighting applications.
WavePrecision, a subsidiary of
GSI Lumonics of Canada, has developed what it claims is the first integrated block optic component (IBO). The IBO technology combines the functions of micro-optics such as etalons and beamsplitters into a single miniaturized part said to offer cost-savings to makers of components for DWDM optical networks.
Lucent, US, is expecting its second quarter revenues to show a modest-to-10% sequential improvement, instead of the 10 to 15% announced previously. Chief financial officer Frank D'Amelio indicated that, in the uncertain service-provider market, Lucent's return to profitability is not likely to occur until 2003.
The board of directors of defense technology giant
TRW has unanimously determined that
Northrop Grumman's bid to acquire TRW for USD 47 per share in stock is financially inadequate. Philip Odeen, chairman of TRW said: "Northrop Grumman's offer grossly undervalues TRW's businesses and opportunities."
Zia Laser, US, has developed a 1310 nm quantum dot DFB laser which it says has an output power five times more stable than traditional quantum well lasers. The company claims its quantum dot technology can offer higher performance at a lower cost than current devices.
