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(38,296 articles)
Popular News
ADC Acquires Broadband for $2.25 Billion
Sep 22, 2000 — MINNEAPOLIS, Minn., Sept 22 -- ADC Telecommunications Inc. announced the purchase of Broadband Access Systems Inc., racking up a $5-billion total in acquisitions of Internet-based companies this year. ADC Telecommunication will purchase the low-cost Internet-based voice transmission technology company for stock valued at $2.25 billion. ADC Technologies cited the demand for Internet-based voice transmission as the reason for its latest acquisition. ADC Telecommunications makes fiber...
Bausch & Lomb Sued Over Laser Surgery Patent
Sep 22, 2000 — WILMINGTON, Del., Sept 22 -- Bausch & Lomb Inc.'s surgical subsidiary, Bausch & Lomb Surgical Inc., is being sued by VISX, a laser vision correction provider, for alleged violation of a VISX patent for performing laser vision correction. VISX...
ADC Acquires Broadband for $2.25 Billion
Sep 22, 2000 — MINNEAPOLIS, Minn., Sept 22 -- ADC Telecommunications Inc. announced the purchase of Broadband Access Systems Inc., racking up a $5-billion total in acquisitions of Internet-based companies this year. ADC Telecommunication will purchase the...
Spectra-Physics Realignment Targets Telecommunications
Sep 21, 2000 — MOUNTAIN VIEW, Calif., Sept. 21 -- Spectra-Physics has reorganized its business units to bolster growth in telecommunications and other strategic markets. Spectra-Physics now comprises three operating groups, each of which contains a variety of...
GM, Surface Technology Aim for Laser-Based Energy Cutting Plan
Sep 21, 2000 — YOKNEAM, Israel, Sept. 21 -- Surface Technology, a subsidiary of ESC Medical Systems Ltd., has signed a joint R&D contract with GM-UMI Technology & Research, a subsidiary of General Motors Co., to develop more efficient engine parts. ESC...
3M Forms Optical Components Unit
Sep 21, 2000 — AUSTIN, Texas, Sept. 21 -- 3M has changed its optical transport product line into an optical components program in order to capture a piece of the growing optical network business. The company has appointed Susan K. Nestegard as the new unit's...
Analog Devices to Help Nortel with MEMS-Based Optical Switching Elements
Sep 21, 2000 — NORWOOD, Mass., Sept. 21 -- Analog Devices Inc. and Nortel Networks have agreed to work together on the development of integrated optical microelectromechanical systems (MEMS) switching elements for Nortel Networks' high port-count photonic...
Analog Devices to Help Nortel with MEMS-Based Optical Switching Elements
Sep 21, 2000 — NORWOOD, Mass., Sept. 21 -- Analog Devices Inc. and Nortel Networks have agreed to work together on the development of integrated optical microelectromechanical systems (MEMS) switching elements for Nortel Networks' high port-count photonic...
Spectra-Physics Realignment Targets Telecommunications
Sep 21, 2000 — MOUNTAIN VIEW, Calif., Sept. 21 -- Spectra-Physics has reorganized its business units to bolster growth in telecommunications and other strategic markets. Spectra-Physics now comprises three operating groups, each of which contains a variety of...
NTT Opening Fiber Optic Networks to Competition
Sep 21, 2000 — TOKYO, Sept 21 -- Nippon Telegraph and Telephone (NTT) Corp., which owns 30 percent of Japan's fiber optic networks, will allow rival carriers to use its fiber optic network. The Japanese government's recent attempt to unfasten NTT's hold on the...
Hitachi Initiates Fiber Optic Components Unit
Sep 21, 2000 — TOKYO, Sept. 21 -- Hitachi Ltd. is relocating its Fiber Optic Components Business Unit to OpNext Japan Inc., a subsidiary of recently developed US company OpNext Inc. Hitachi's fiber optic unit was previously part of the Hitachi Telecommunications &...
3M Forms Optical Components Unit
Sep 21, 2000 — AUSTIN, Texas, Sept. 21 -- 3M has changed its optical transport product line into an optical components program in order to capture a piece of the growing optical network business. The company has appointed Susan K. Nestegard as the new unit's...
ADC, Image Wireless Sign Contract Extension
Sep 20, 2000 — SASKATOON, Saskatchewan, Sept. 20 -- ADC has signed a $10 million contract extension with Image Wireless Communications. ADC will continue to provide its Axity Broadband Wireless Access System, a carrier-class solution that sets up two-way...
Global Broadband Agrees to Try Quantum Bridge Optical Access System
Sep 20, 2000 — NEW YORK, Sept. 20 -- Quantum Bridge Communications, headquartered in Andover, Mass., has set up an agreement in which Global Broadband will direct a series of tests on Quantum Bridge Communications' Optical Access System. The Optical Access System...
Optical Solutions to Acquire Ziga Systems
Sep 20, 2000 — MINNEAPOLIS, Sept. 20 -- Optical Solutions Inc. is set to acquire Ziga Systems Corp., an engineering company that provides platforms that carry third-party network applications and services at increased speeds. Optical Solutions will acquire both...
Internet Cable Corp., SilCom Technology to Install Wireless Net
Sep 20, 2000 — WEST CHESTER, Pa., Sept. 20 -- Internet Cable Corp. will team-up with SilCom Technology to provide SimStar Internet Solutions with a wireless, laser communications network. The project will combine Internet Cable's wireless network integration and...
IPG Photonics Nets More than $100 Million in Investment and Financing
Sep 20, 2000 — STURBRIDGE, Mass., Sept. 20 -- IPG Photonics Corp. accumulated $80 million during its round of venture capital financing. With its $20 million in debt financing, the company's total amount of funding soared to more than $100 million....
ITF Optical Technologies Open $50 Million Photonic Component Plant
Sep 20, 2000 — MONTREAL, Sept. 20 -- ITF Optical Technologies, a developer of photonic components for the telecommunication industry, has instituted its new photonic component plant in Saint-Laurent, Quebec. The company invested $50 million in the construction...
AT&T Pumps $200 Million into AT&T Latin America
Sep 19, 2000 — MIAMI, Sept. 19 -- AT&T has agreed to contribute an additional $200 million into its majority-owned subsidiary AT&T Latin America. AT&T recently contributed a $100 million credit facility to its Latin American Subsidiary as part...
An Over-Budget NIF Promised for 2008
Sep 19, 2000 — WASHINGTON, Sept. 19 -- The US Department of Energy (DoE) said that, according to the findings of an independent technical review panel, construction of the world's most powerful laser would take until the year 2008. The report also found that the...
AXT Receives First Big Order for Green and Cyan LEDs
Sep 19, 2000 — FREMONT, Calif., Sept. 19 -- American Xtal Technology (AXT) Inc. has received a multimillion-dollar contract to provide green and cyan LEDs over a six-month period to an undisclosed customer. AXT designs, develops, manufactures and markets...
Raytheon Wins TOW-F&F Development Contract
Sep 19, 2000 — TUCSON, Ariz., Sept. 19 -- Raytheon Co. announced that it has received a $125.9 million US Tube-launched, Optically tracked, Wire-guided, Fire and Forget (TOW-F&F) Engineering and Manufacturing Development contract from the US Army. The 42-month...
Newport Receives Multimillion Dollar Orders from OEMs
Sep 19, 2000 — IRVINE, California - September 19, -- Newport Corp. reported orders for its high precision motion control mechanics, optics and vibration control systems from OEMs totaling $18 million. Newport will ship the orders over the next 12 months. ...
Luminex and Life Technologies Combine Forces on NIST DNA Project
Sep 15, 2000 — AUSTIN, Texas, Sept. 15 -- The National Institute of Standards and Technology has reinstated Luminex Corp.'s Advanced Technology Program grant. The grant will fund 49 percent of Luminex's total costs, estimated at $6.3 million, over a three-year...
Aeroflex Wins $21 Million in Fiber Component Orders
Sep 15, 2000 — PLAINVIEW, NY, Sept. 15 -- Aeroflex Laboratories Inc. has received orders from three fiber optic systems manufacturers to provide thin-film products, microelectronic assemblies and RF modules used in 10 Gb and higher fiber optic systems. The total...
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