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Business News
09 May 13
Acquisition boosts GSI revenues

Addition of new medical division produces sharp increase in sales figures as the company realigns its business segments around lasers and precision technologies.

09 May 13
100G optical transceiver sales continue to double annually

Market analyst Infonetics reports on multi-gigabit system sales in 2013 and 2014.

08 May 13
Oclaro hammered as losses widen

Stock loses a quarter of its value as the company agrees to sell off assets ‘expeditiously’ under a new credit agreement.

08 May 13
Rofin hit by shipment and diode delays

But German laser firm is on course to begin making its own high-power laser diodes by the end of this year.

07 May 13
Weak Newport figures disappoint stock market

Analyst cuts stock target as earnings and sales both miss consensus estimates by some distance.

03 May 13
IPG lands record automotive deal

Stock slips on slightly weaker-than-expected financial results, but CEO Valentin Gapontsev remains typically bullish.

29 Apr 13
Restructured G24i emerges under new ownership

UK-based producer of flexible, dye-sensitized photovoltaic films to focus on process improvements.

26 Apr 13
FLIR chief Earl Lewis to retire in May

Andrew Teich, currently president of the imaging company’s commercial systems division, to take over as CEO on May 19.

26 Apr 13
EPIC publishes European photonics database

Industry survey pegs European photonics market at close to €66 billion in 2012.

25 Apr 13
Materials processing uptick boosts Coherent order book

First volume order for kilowatt-scale fiber lasers helps to offset weak scientific market.

24 Apr 13
Cree posts sales record as $10 LED bulb hits US stores

The maker of high-performance LED chips, bulbs and lighting fixtures begins national marketing promotion.

24 Apr 13
Demand for LEDs in displays to triple by 2018

APAC sales to grow 23% per year – but revenues stay flat as unit price falls.

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