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High-Tech Firms Confident About Economy
NEW YORK -- NEW YORK -- Leaders of photonics and other high-tech companies see healthy revenue growth for 1999, improving profit margins and strengthening revenues from abroad, according to a report by PricewaterhouseCoopers LLP. Nearly three-quarters of the executives surveyed said they are optimistic about prospects for the US economy, and 44 percent are optimistic about the global economy. "Pessimism ... has been cut in half since October," PricewaterhouseCoopers noted. The executives said th...
Photonics Center Launches Three Companies
Jun 1, 1999 — The Boston University Photonics Center, in conjunction with the private venture firm Marenghi & Co., has established three commercial corporations. The aim of each company is to develop innovative technology originating at the center into...
Semiconductor Sales Up, but for How Long?
MOUNTAIN VIEW, Calif. -- MOUNTAIN VIEW, Calif. -- North American makers of semiconductor equipment are seeing a steady rise in their worldwide bookings of new sales, according to figures compiled by Semiconductor Equipment and Materials International. The monthly reports of...
South Africa Eyes New Laser Source
PELINDABA, South Africa — The South African government has committed its support for the creation of a national laser facility, using 153 lasers from a terminated South African Atomic Energy Corp. uranium-enrichment project.When the project ended, physicists persuaded the...
Telecom Trio Forms Strategic Alliance
TOKYO -- TOKYO -- AT&T, BT and Japan Telecom have announced a partnership in which the American and British firms will buy 15 percent stakes in the Japanese voice and data company for a combined total of $1.83 billion. The arrangement helps open the...
WDM Spurs Demand for Next-Generation Components
INDIANAPOLIS -- INDIANAPOLIS -- With optical fiber capacity increasing by a factor of two every year, wavelength division multiplexing (WDM) is becoming critical to continued growth of that number. This is what Alastair M. Glass, director of the Photonics Research...
Welch Allyn Receives $2 Million Grant from US Display Consortium
Jun 1, 1999 — The US Display Consortium has awarded a $2 million grant to Welch Allyn Inc.’s Lighting Products Div. in Skaneateles Falls, N.Y., to develop lamp technology for the next generation of flat panel, high-definition computer monitors and...
ABB Robotics and Cognex Forge Deal
May 1, 1999 — ABB Robotics AB, a Swedish supplier of robots for factory automation, has agreed to purchase nearly $1 million worth of Cognex Corp.’s machine vision systems over the next two years. ABB will integrate the vision systems in a line of "pick and...
Boeing Receives $125 Million for Laser-Based Defense Research
May 1, 1999 — The US Air Force has paid $125 million for the first portion of a $3 billion contract with Boeing Co. of Seattle to research whether space-based lasers can shoot down long-range missiles. Boeing is working in collaboration with Lockheed Martin...
Defense Program Spurs Development of Optical Data Storage
May 1, 1999 — The Defense Advanced Research Projects Agency has organized an industry-university consortium to develop fast readout optical storage technology. Call/Recall Inc. in San Diego, which develops optical storage devices, will work on a high-speed,...
Department of Defense Seeks Applicants for R&D Awards
May 1, 1999 — The US Department of Defense is soliciting applications for its Small Business Innovation Research program beginning May 1. Proposals will be accepted from July 1 to Aug. 11. The program provides more than $500 million annually to small technology...
Firms Battle over Laser Surgery Market
May 1, 1999 — Inventors who take on the expense of filing patents in a foreign country expect financial returns that justify the additional costs, according to a National Science Foundation report. The brief compares patents issued in 12 countries, reporting that...
General Scanning and Lumonics Complete Merger
May 1, 1999 — Shareholders of General Scanning Inc. in Watertown, Mass., and Lumonics Inc. in Kanata, Ontario, Canada, have approved resolutions to merge the two industrial laser-based systems manufacturers. The vote came only weeks after the Federal Trade...
Industrial Laser Shipments Decline in ’98
May 1, 1999 — Shipments of industrial laser equipment and systems for North America declined 5 percent last year, a drop-off that some attribute to the Asian economic crisis. That’s according to the latest figures compiled by the Association for...
Partners Join Lithography Initiative
May 1, 1999 — Months after unveiling plans to deliver optical lithography systems at 157 nm, Santa Clara, Calif.-based Silicon Valley Group has signed on several supplier companies to help bring its systems to market. Lambda Physik in Fort Lauderdale, Fla., which...
Patent Activity Confirms Market
May 1, 1999 — Two companies that make excimer laser systems for surgical vision correction, Visx Inc. of Santa Clara and Nidek Inc., have aggressively drawn battle lines in a dispute over patent and trade claims. Nidek fired the latest salvo, filing a complaint...
Photonics Industry Watches Warily for China Export Policy Changes
May 1, 1999 — Findings from the Cox Report, a six-month congressional investigation into the transfers of sensitive technology to China, may have broad implications for photonics companies that export products, affecting their hiring practices, technology...
Schott-CML Fiberoptics to Acquire Fostec
May 1, 1999 — Schott-CML Fiberoptics, the joint venture between SLI Inc. and Schott Corp., has signed a letter of intent to acquire Fostec Inc. in Auburn, N.Y. Terms of the deal were not disclosed. Founded in 1987, Fostec manufactures fiber optic components and...
Semiconductor Industry Shows Signs of Life
May 1, 1999 — Recent years have been bleak for the semiconductor sector, but January sales indicate the industry’s fortunes are beginning to take a turn for the better. According to figures collected by Semiconductor Equipment and Materials International,...
Solid-State Laser Market to Eclipse $1 Billion in 2003
May 1, 1999 — The forecast for solid-state lasers continues to look rosy, driven by robust growth in the diode-pumped laser sector. Business Communications Co. Inc. in Norwalk, Conn., makes this prediction in its study "Solid-State Lasers: Outlook for the...
Survival Lessons for a Changing Industry
May 1, 1999 — A new study by Harvard University and Massachusetts Institute of Technology researchers, in Cambridge, Mass., might hold valuable lessons for photonics companies looking to survive the rapid pace of technological change. The study draws lessons from...
US Government to Harmonize Laser Standards
May 1, 1999 — Laser manufacturers should be aware that the US Food and Drug Administration has proposed changing regulations on laser performance standards. The amendments would bring standards set by the Center for Devices and Radiological Health in line with...
Analyst Makes Rosy Prediction for Photolithography
Apr 1, 1999 — Companies specializing in photolithography could be big winners over the next few years, according to one industry analyst who spoke at SEMInvest 99, an investor conference sponsored by Semiconductor Equipment and Materials International, a trade...
Bandwidth Reigns at Fiber Conference
Apr 1, 1999 — Multiwavelength and high-speed optical fiber transmission technologies, particularly those aimed at metropolitan communications networks, converged on the exhibit floor at the Optical Fiber Communications Conference in February. The conference...
Bell Atlantic Funds Learning Labs
Apr 1, 1999 — Molding today's high school students into tomorrow's telecommunications technicians is the goal of a partnership among Bell Atlantic Pennsylvania, Pennsylvania's Department of Education and two vocational education centers. As part of the deal,...

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