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POPULAR NEWS
Coherent, Inc. Announces Retirement of Robert Gelber
Apr 5, 1999 — SANTA CLARA, Calif., April 5 -- Robert M. Gelber has stepped down as president of Coherent Auburn Group and executive vice president of Coherent, Inc. to spend more time on personal activities. Bernard Couillaud, Coherent's president and CEO, noted that during Gelber's 13 years as president of the Auburn Group the company grew from an internal supplier of components to an independent profit center with manufacturing operations in California and Europe. Starting May 1st, John Ambroseo,...
Space Imaging Forms Japanese Partnership
Apr 5, 1999 — DENVER, Colo., April 5 -- Space Imaging announced today that it has signed an agreement with Japan's National Space Development Agency (NASDA) that allows NASDA to receive and process satellite imagery collected by the Indian Remote Sensing (IRS)...
Corning Picks Fishburn as New VP, CIO
Apr 5, 1999 — CORNING, N.Y., April 5 -- Corning Incorporated announced that Richard J. Fishburn will become a vice president and chief information officer effective April 21. Fishburn, who held similar posts at Digital Equipment Corp., will oversee Corning's...
Laser Corp. Announces Year-End Results
Apr 5, 1999 — SALT LAKE CITY, Utah, April 5 -- Laser Corp. reported that revenues for the fiscal year ended Dec. 31, 1998 were $3,336,105 as compared to revenues of $5,126,308 for the same period in 1997, a decrease of 35%. The company recognized a net loss for...
Bell Atlantic Network Passes Five Million Miles
Apr 2, 1999 — NEW YORK, N.Y., April 2 -- Bell Atlantic reports that its fiber optic network of underground and aerial conduits has passed the five-million-mile mark. The company says that, according to the most recent Federal Communications Commission (FCC)...
Corning, Furukawa Settle Patent & Trademark Case
Apr 2, 1999 — CORNING, N.Y., April 2 -- Corning Inc. has settled its lawsuit against the Furukawa Electric Co. Ltd. of Japan and its related U.S. company, Furukawa Electric North America Inc., for infringing on a Corning patent and trademark and for unfair...
RMI Names Chief Operating Officer
Apr 2, 1999 — LAFAYETTE, Colo., April 2 -- Rocky Mountain Instruments, the Colorado-based designer and manufacturer of UV to far-IR precision laser and imaging optics, coatings and assemblies, has promoted Debbie Hunt to Vice President and Chief Operating...
FLIR Systems Completes Acquisition of Inframetrics
Apr 2, 1999 — PORTLAND, Ore., April 2 -- FLIR Systems Inc. has completed its acquisition of Inframetrics Inc. The transaction, which will be accounted for as a pooling of interests, involved the issuance of approximately 2.3 million shares of FLIR common stock to...
Antenna Sends Stream of New Mars Images
Apr 1, 1999 — WASHINGTON, D.C., April 1 -- A portfolio of high-resolution images from Mars will soon begin arriving at Earth receiving stations following the deployment of the Mars Global Surveyor's high-power communications antenna. The antenna had been stowed...
LaserSight Announces Results, Financing
Apr 1, 1999 — WINTER PARK, Fla., April 1 -- LaserSight Inc. announced financial results for the fourth quarter and year ended December 31, 1998. The Company also announced the completion of a $9 million equity private placement. Revenues for the fourth quarter...
Court Grants Spectranetics Preliminary Injunction
Apr 1, 1999 — COLORADO SPRINGS, Colo., April 1 -- A Federal District Court in Colorado has granted Spectranetics Corp.'s request for a preliminary injunction preventing White Star Holdings Ltd. from making any attempt to terminate Spectranetics' license of...
IRIS Reports Modest 1998 Loss
Apr 1, 1999 — CHATSWORTH, Calif., April 1 -- International Remote Imaging Systems Inc. reported that net revenues for 1998 were $27.5 million, essentially the same amount as in 1997. Operating income improved to $556,000 compared with $246,000 for the prior year....
Physicians Perform Pediatric Laser Eye Surgery
Mar 31, 1999 — LOS ANGELES, Calif., March 31 -- An ophthalmic laser technique approved for adults by the Food and Drug Administration just last November has been used for the first time to treat a child. The patient, 12-year-old Kiley Bedwell, had 20/20 vision...
Fischer Imaging, GE Medical Swap $6 Million in Stock
Mar 31, 1999 — DENVER, Colo., March 31 -- Fischer Imaging Corp. announced an agreement with General Electric Company on behalf of its Medical Systems under which 62% of the 1,333,333 shares of Fischer Series D Preferred Stock currently owned by GE Medical will be...
Photographic Technique Assists Laser Fusion Experiments
Mar 31, 1999 — HUNTSVILLE, Ala., March 31 -- An old photographic technique is helping scientists on the cutting edge of laser research. The Astrophysics Branch in the Space Sciences Laboratory at NASA's Marshall Space Flight Center is providing photographic...
Spectra-Physics Revises Expectations
Mar 31, 1999 — MOUNTAIN VIEW, Calif., March 31 -- Spectra-Physics announced that it expects to report lower than anticipated net sales, ranging from $30 million to $32 million, for the first quarter ending April 2, 1999. These expected results compare with actual...
Laser-Generated X-Rays Help Scientists Watch Atoms Move
Mar 30, 1999 — SAN DIEGO, Calif., March 30 -- A group of researchers at the University of California-San Diego has devised a laser-based method for peering into the high-speed world of atoms and directly observing their movement. Using ultra-fast pulses that...
Deutsche Telekom, France Telecom and Sprint Squelch Rumor
Mar 30, 1999 — KANSAS CITY, Mo., March 30 -- Responding to press speculation of financial troubles at the Global One joint venture, the three parent companies -- Deutsche Telekom, France Telecom and Sprint -- reaffirmed their confidence in the venture. The...
Data Translation Announces Stock Buyback Plan
Mar 30, 1999 — MARLBORO, Mass., March 30 -- Data Translation, Inc.'s Board of Directors has approved the purchase of up to $1,000,000 of its shares of common stock over the remainder of the year. The purchases will be made on the open market at prevailing prices...
FiberCore Completes German Plant Expansion
Mar 30, 1999 — CHARLTON, Mass., March 30 -- FiberCore, Inc. says it has completed its Jena, Germany, plant expansion. The expansion more than doubles both preform and fiber capacity. Management expects that this plant expansion will not be sufficient to handle the...
Lasertec International Secures Major Financing
Mar 30, 1999 — ATLANTA, Ga., March 30 -- Lasertec International, Inc. has secured a financing commitment of $40 million from Lilly Beter Capital Group, Ltd. The Company says the money will fund new product rollout and offset the expense of the Federal Drug...
AT&T Closes $8 Billion Bond Offering
Mar 29, 1999 — NEW YORK, NY, March 29 -- AT&T completed the world's largest global bond offering, exceeding company expectations and earning a place in the corporate history books. This transaction broke records on three fronts: it is the largest corporate...
Five LED Video Displays Set for Ballparks
Mar 29, 1999 — ORLANDO, Fla., March 29 -- Display Technologies, Inc. said that its subsidiary, Ad Art Electronic Sign Corporation, has signed an agreement with Maryland Baseball to supply five large screen LED video displays. Light emitting diodes provide the...
Kodak Chooses InFocus for Digital Projectors
Mar 29, 1999 — WILSONVILLE, Ore., March 29 -- InFocus has entered into an OEM relationship with Kodak in which Kodak will use InFocus' line of personal projectors to produce digital projectors, based on Texas Instruments' digital light processing. InFocus...
Optelecom Wins Intelligent Transportation System Contracts
Mar 29, 1999 — GAITHERSBURG, Md., March 29 -- Optelecom, Inc. reports that it has received an initial contract in support of the Delaware Department of Transportation's traffic monitoring and control program. The Company will provide equipment, including MPEG-2...
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