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Business News
Raytheon Acquisition Approved
Nov 1, 1997 — WASHINGTON -- US Justice Department officials have approved Raytheon Co.'s $9.5 billion acquisition of Hughes Electronics Corp. The acquisition makes the Lexington, Mass., company the nation's third-largest defense contractor. The deal went through after Raytheon agreed to sell off some electronic vision technology that guides missiles to their targets, because of Justice Department fears that the Hughes acquisition might have given the company a near monopoly on the technology, agency...
Shortage of Female Scientists Continues
Nov 1, 1997 — LONDON -- There are more women graduating from science and engineering schools in Great Britain. That's the good news. The flip side is that the proportion of women who choose a science career remains unchanged. And even those who do enter the...
Student Wins Award for IR Biopsy
Nov 1, 1997 — AKRON, Ohio -- A 20-year-old biology student who helped to develop a technique to noninvasively screen for breast cancer has won a B.F. Goodrich Collegiate Inventors award. Robert Chan, Senior, Massachusetts Institute of Technology, Robert Chan, a...
US Air Force Plans Laser Research Facility
Nov 1, 1997 — The US Air Force has awarded a contract to Black & Veatch Special Projects Corp. of Overland Park, Kan., to build an advanced laser research facility at Kirtland Air Force Base in New Mexico. The 29,600-sq-ft facility will house research and...
China Raises Barriers to Telecom Market
Oct 1, 1997 — China has decided against opening its massive telecommunications market to foreign service providers, citing the dearth of laws to guarantee fair competition. In addition, the posts and telecommunications sectors have not been separated, and...
Customers Look for Quick Calibration
Oct 1, 1997 — LAKESIDE, Calif. -- The next time Mr. Fixit promises a turnaround of two weeks, you might want to get it in writing. In the optical calibration and repair industry, however, recent customer complaints indicate that even a written contract may not...
EG&G to Supply Detector for GE Digital X-Ray
Oct 1, 1997 — SANTA CLARA, Calif. -- An amorphous silicon detector built by EG&G in Santa Clara will form the backbone of General Electric's new digital x-ray system, which could reduce or eliminate the need for x-ray film as well as speed processing time and...
Entrepreneurs vs. Managers: Time Spent Differently
Oct 1, 1997 — Business managers and entrepreneurs may have a lot of similar responsibilities, but they spend their time differently, according to a survey released by St. Mary's University in San Antonio, Texas. Managers tend to spend very little time on customer...
Europeans: US Plan Imperils Agreement on Communications
Oct 1, 1997 — BRUSSELS, Belgium -- The European Union has warned the US Federal Communications Commission that it risks violating an international agreement because of its plan for protecting US telecommunications carriers from stiff foreign competition. In a...
Executives Report Lowest Level of Job Satisfaction Ever
Oct 1, 1997 — A survey conducted by Rider University in Lawrenceville, N.J., reports that only 26 percent would continue working at their jobs if money were not an issue. About 39 percent said they would stop working completely and 35 percent reported they would...
Idaho Earmarks Funds for Laser Isotope Project
Oct 1, 1997 — Idaho State University will receive $125,000 for a laser isotope separation project planned for either Idaho Falls or the university's campus in Pocatello. Project director Jay Kunze said he wanted the project in Idaho Falls because of its proximity...
Laserscope Receives Approval for Lung Cancer Treatment
Oct 1, 1997 — The US Food and Drug Administration granted premarket approval to Laserscope of San Jose, Calif., for use of its laser systems for photodynamic therapy, a cancer treatment that has shown promise in clinical trials. Photodynamic therapy involves...
Market Sleuthing Uncovers Clues to Customers
Oct 1, 1997 — CHICAGO -- Every year companies spend millions of dollars on focus groups and marketing surveys to get the big picture of their customer base. But they might do well to investigate the individual trees instead of cross-sectioning the whole forest,...
Silicon Valley Group Purchases Optics Manufacturer
Oct 1, 1997 — SAN JOSE, Calif. -- Silicon Valley Group Inc., a supplier of automatic wafer processing equipment to the semiconductor industry, agreed last month to acquire precision optics manufacturer Tinsley Laboratories Inc. in a stock pooling transaction...
Sony Leads Effort to Capture DVD Market
Oct 1, 1997 — Sony has once again decided to break ranks with competing electronics companies by leading an effort to develop standards for digital video discs. More than a decade ago, the company failed in its effort to establish its Betamax videocassette...
Uniphase Acquires Grating Producer
Oct 1, 1997 — SAN JOSE, Calif. -- Continuing its aggressive pursuit of the ever-burgeoning telecommunications market, Uniphase Corp. has acquired 49 percent of Indx, a small Australian producer of fiber Bragg gratings, with options to buy the remaining 51...
White House Taps University of Rochester's Duncan Moore for National Post
Oct 1, 1997 — ROCHESTER, N.Y. -- President Clinton has nominated the University of Rochester's Duncan T. Moore for the White House post of associate director for technology. Moore, who has helped chart the course for the optics and photonics industry in private...
A New York Icon Gets a Face-Lift
Sep 1, 1997 — After two months of darkness, the Times Square "zipper" is back displaying headlines of the day's news. In May, the lights went out on the 369-ft electronic billboard that had operated continuously since 1928. Technicians replaced the 12,400...
As Networks Become Faster, Telecom Test Equipment Market Booms
Sep 1, 1997 — The continued growth in subscriber networks and private carriers has led to an increased demand in test equipment in the telecommunications market. Protocol analyzers, instruments used for network management and trouble-shooting, are in especially...
Corning to Open Photonic Research Center
Sep 1, 1997 — In an effort to advance optical communications technology, Corning Incorporated plans to convert an existing company property in Somerset, N.J., to a photonic research and test center. The center will employ between 10 and 20 research scientists and...
DoE Seeks Court's Aid on NIF Injunction
Sep 1, 1997 — The latest legal challenge against the National Ignition Facility under construction in Livermore, Calif., has come from an unlikely source -- the US government itself. On behalf of the National Academy of Sciences, the US Department of Energy has...
FDA Nixes Heart-Surgery Device
Sep 1, 1997 — A US Food and Drug Administration panel has rejected by a vote of 9-2 the use of a device to treat end-stage heart disease. The procedure, known as transmyocardial revascularization, involves piercing holes in the heart wall with a laser. The...
French Telecom Industry Reorganizes
Sep 1, 1997 — PARIS -- The approaching privatization of France Télécom has prompted an ambitious reorganization of the country's telecommunications R&D efforts, temporarily putting the prestigious optoelectronics laboratory at Bagneux in limbo....
Infrared Industry to Shrink -- Again
Sep 1, 1997 — PORTLAND, Ore. -- In the latest move in the infrared device industry's consolidation, FLIR Systems Inc. and Agema Infrared Systems AB of Stockholm, Sweden, have signed a letter of intent to merge. According to the agreement, FLIR will issue about...
Lucent Official: Automate to Survive
Sep 1, 1997 — BREINIGSVILLE, Pa. -- About one-third of the companies in the $6.4 billion optoelectronics market are likely to be out of business within the next three years, despite an expected 15 to 20 percent annual growth rate in the marketplace, predicts John...
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