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Metromedia Fiber Receives Extension on Vendor Financing
Sep 14, 2001 — NEW YORK, Sept. 14 -- Metromedia Fiber Network Inc., a developer of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, announces that it has received an extension of its commitment letter for the $235 million of vendor financing. The commitment letter, which was scheduled to expire on September 12, 2001, has been extended until September 17, 2001.
MRV Merging with Luminent
Sep 14, 2001 — CHATSWORTH, Calif., Sept. 14 -- Optical components maker MRV Communications, Inc. will carry out a short-form merger with its subsidiary Luminent, Inc. because of weak demand in the telecommunications industry. A short form merger does not require...
OTM Technologies and ART Ink Cooperation Agreement
Sep 14, 2001 — HERZLIYA, Israel, Sept. 14 -- Laser developer OTM Technologies Ltd. and Advanced Recognition Technologies Inc. (ART), a pioneer in embedded speech and handwriting recognition technologies for mobile devices, have signed a cooperation agreement. The...
Anixter Exits Korean Market, Cuts Jobs
Sep 13, 2001 — SKOKIE, Ill., Sept. 13 -- Anixter International Inc. is exiting the Korean market, cutting 14 percent of its staff and expects third and fourth quarter sales to be lower due to the economic slowdown and deterioration in the telecom and technology...
Daily News Briefs
Sep 13, 2001 — Accent Optical Technologies a supplier of process control and measurement tools for the optoelectronics, wireless, and silicon semiconductor equipment industries, announces the promotion of Greg Kaiser to president of Accent and acting general...
Nakamura Gets Cree Chair at UCSB
Sep 13, 2001 — DURHAM, N.C., Sept. 13 -- Cree Inc. said that Shuji Nakamura was named the recipient of the Cree Chair at the University of California, Santa Barbara (UCSB) Center for Solid State Lighting and Displays. Cree pledged $1.2 million to the College of...
Spirent Communications Opens Lab at NC State
Sep 13, 2001 — RESEARCH TRIANGLE PARK, N.C., Sept. 13 -- Spirent Communications, a wholly-owned business group of Spirent plc., was joined by industry, government and higher education officials at North Carolina State University's Centennial Campus for the opening...
Start Up Company for Growth of HBT and pHEMT Wafers Established
Sep 13, 2001 — GERMANY, Sept. 13 -- A newly established start up company, Inforcomm Semiconductor Corporation (ISC), located in the Hsinchu Science-Based Park, Taiwan, and AIXTRON are pleased to announce that ISC has recently purchased a 5" x 6" AIX 2600G3...
Sunrise Signs Credit Line Extension
Sep 13, 2001 — FREMONT, Calif., Sept. 13 -- Sunrise Technologies International Inc. has entered into an agreement with Silicon Valley Bank to extend the due date of its credit facility until October 6, 2001, provided that the payments listed below are paid on...
Daily News Briefs
Sep 12, 2001 — Solectron Corporation's, board of directors has elected seven executives to officer positions, and appointed its eight current officers as executive vice presidents.
Newly Formed ASD Financial Offers Leasing Programs for Industrial and Laboratory Instruments
Sep 12, 2001 — Boulder, Colo., Sept. 12 -- Analytical Spectral Devices, Inc. (ASD), a manufacturer of portable near-infrared (NIR) spectrometers, announces the formation of ASD Financial. Launched August 1, 2001, the new group provides customers with leasing...
Williams, WinStar Reach Agreement
Sep 12, 2001 — PHILADELPHIA, Sept. 12 -- Williams Communications Group Inc. has reached a settlement with bankrupt wireless company WinStar Communications Inc. that amended a 25-year pact to swap capacity on each others' networks. Williams said WinStar had...
Daily News Briefs
Sep 11, 2001 — OPTICS 1 Inc. has announced the award of a contract from the Naval Air Warfare Center, Lakehurst, N.J., worth $25 Million over five years to develop a new imaging optical system called AMOSS.
SpectraScience, Endoscopy UK Sign Distribution Agreement
Sep 11, 2001 — MINNEAPOLIS, Minn., Sept. 11 -- SpectraScience Inc. has signed a distribution agreement with Endoscopy UK Ltd., a distributor of gastrointestinal endoscopes and endoscopy related technologies in the United Kingdom. The agreement covers the...
Spirent Sells Nontelcom Unit
Sep 11, 2001 — LONDON, Sept. 11 -- Spirent Plc has agreed to sell its sensing solutions arm to a unit of General Electric Co. for $220 million cash as part of its plan to sell off noncore businesses. The business which makes products to sense temperature, humidity...
Optical Cable Cutting Work Force
Sep 10, 2001 — ROANOKE, Va., Sept. 10 -- Optical Cable Corp. will lay off 27 employees, or 12 percent of its work force, in a move to streamline operations. The maker of fiber optic cable said this was the first work force reduction in its history. Most of the...
Veeco Signs Applied EPI Merger
Sep 10, 2001 — WOODBURY, N.Y., Sept. 10 -- Veeco Instruments Inc. has signed a definitive merger agreement with Applied Epi Inc., a supplier of molecular beam epitaxy (MBE) equipment used in the manufacture of high-speed compound semiconductor devices for...
Abbott Boosts Holdings in SpectRx
Sep 7, 2001 — NORCROSS, Ga., Sept. 7 -- SpectRx said that Abbott Laboratories Inc. will buy an additional $1 million of its stock as part of a milestone payment, but it agreed to postpone payment of another $1 million. The milestone payments are part of an...
Daily News Briefs
Sep 7, 2001 — Reflecting the evolution of its company's direction, the Adolf-Slaby-Institut has announced a new name, ASI Advanced Semiconductor Instruments GmbH. The company has undergone a major transition within the last few years, becoming a supplier of...
Essent Kabelcom Picks Corning for Network Project
Sep 7, 2001 — CORNING, NY, Sept. 7 -- Corning Incorporated and Essent Kabelcom, the second largest cable-operator in the Netherlands, said that Essent Kabelcom has selected Corning MetroCor optical fiber for its Western Europe network project. Corning is...
Global Crossing, Telstar Sign $15 Million Deal
Sep 7, 2001 — NEW YORK, Sept. 7 -- Global Crossing Ltd. has sold at least $15 million in services over the next two and a half years to Telstar International Inc., a long-distance carrier. In a joint statement, the two companies said the contract for the services...
Northrop Grumman Wins $73 Million Contract for LITENING II Pods
Sep 7, 2001 — ROLLING MEADOWS, Ill., Sept. 7 -- Northrop Grumman Corp. has received a $73 million contract from the US Marine Corps (USMC) to supply LITENING II pods for its AV-8B Harrier aircraft. Work on this contract will be performed by the company's...
President Chen to Open Semicon Taiwan
Sep 7, 2001 — TAIPEI, Taiwan, Sept. 7 -- Taiwan President Chen Shui-Bian is scheduled to preside over the opening of the sixth annual Semicon Taiwan exposition, Monday, September 17, at the Taipei World Trade Center. Semicon Taiwan, the region's largest event...
Biolase to Sell Waterlase in Korea
Sep 6, 2001 — SAN CLEMENTE, Calif., Sept. 6 -- Biolase Technology Inc. has won approval to sell its Waterlase hard and soft tissue lasers in South Korea. Biolase's Korean distributor, Daemyung Medi-Tech Co. Ltd. will be working with over 20 subdistributors to...
France Telecom Ups Stake in Polish Telco
Sep 6, 2001 — WARSAW, Poland, Sept. 6 -- France Telecom and its Polish partner are buying an additional 12.5 percent of Poland's state-controlled telephone operator for $833 million, boosting its stake to 47.5 percent. The Polish-French consortium agreed to pay...

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