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Presstek Repositions Lasertel Subsidiary

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HUDSON, NH, June 13 -- Presstek Inc. plans to streamline its Lasertel operations in order to focus in the short term on laser diodes supplied to Presstek as well as on opportunities that match the current level of resources employed. The company also indicated that the general slowdown in the telecommunications market appears to have reached those segments of the market Lasertel was previously targeting. As a result of these factors, the company is planning to implement cost reductions at Lasertel that will principally affect nonproduction areas of operation.     "During the quarter Lasertel...Read full article

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    Published: June 2001
    CommunicationsNews & FeaturesLasers

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