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EDO Reports 19 Percent Revenue Increase Aug 2, 1999 — NEW YORK, Aug. 2 -- EDO Corp. announced that revenue for the second quarter ended June 26, 1999, was $27,768,000, an increase of 19 percent over last year's figure of $23,397,000 for the same quarter. Operating earnings of $2,390,000 were reported, as compared with $2,369,000 a year earlier. Net earnings available for common shares were $1,281,000, or 17 cents per diluted share, reflecting an effective tax rate of 30 percent. These results compare with untaxed net earnings available for common...
Raytheon Wins $34 Million Navy Spares Contract Aug 2, 1999 — LEXINGTON, Mass., Aug. 2 -- Raytheon Co. has been awarded a $34 million contract to provide the US Navy with spares for helicopter infrared laser detecting-ranging-tracking systems. The contract -- awarded by the Naval Inventory Control Point in...
Spectra-Physics Details Second-Quarter Results Jul 30, 1999 — MOUNTAIN VIEW, Calif., July 30 -- Spectra-Physics announced its results for the second quarter ended June 30, 1999. The company reported net sales of $34.9 million, compared with $40.2 million for the second quarter of 1998. Net income was $255,000,...
Summit Subsidiary Gets Approval to Test Vision System Jul 30, 1999 — WALTHAM, Mass., July 30 -- Summit Technology Inc. reports that its Autonomous Technologies subsidiary has been granted an Investigational Device Exemption by the US Food and Drug Administration. The company will begin studying the feasibility of...
FLIR Systems Reports Second-Quarter Results Jul 29, 1999 — PORTLAND, Ore., July 29 -- FLIR Systems Inc. has reported revenue of $42.2 million for the second quarter ended June 30, 1999. This compares with last quarter's revenue of $34.4 million, and with the $49.4 million reported in the second quarter of...
Orbotech Gets $3.0 Million Order from Sanmina Jul 29, 1999 — YAVNE, Israel, July 29 -- Orbotech Ltd. has received an order from Sanmina Corp. valued at approximately $3.0 million for equipment including PC-1490 and InSpire-9060 automated optical inspection systems, VRS verification and repair stations, and...
Scientists Image Brain's Sense of Smell Jul 29, 1999 — DURHAM, N.C., July 29 -- Neurobiologists at Duke University Medical Center have captured the first detailed images of a living brain in the act of recognizing specific odor molecules. As reported in Neuron, the researchers refined an imaging...
Researchers Eye Thin, Cheap Solar Cells Jul 28, 1999 — GAINESVILLE, Fla., July 28 -- University of Florida engineers are working to develop a method of producing thinner and cheaper solar cells. The thin-film solar cells are 100 times thinner and potentially lighter than current silicon cells, and also...
Thomas & Betts to Divest Two Photonic Product Lines Jul 28, 1999 — MEMPHIS, Tenn., July 28 -- Thomas & Betts Corp. announced that it has entered into a letter of intent to sell certain of its broadband product lines -- specifically those optical products sold under the Photon and Megaflex brand names -- to...
Biolase Technology Names Director of Laser Technology Jul 27, 1999 — SAN CLEMENTE, Calif., July 27 -- Biolase Technology, Inc., a manufacturer of laser-based systems for use in dental and medical applications, announced that Michael M. Tilleman has joined the company as director of laser technology. Tilleman comes to...
LeCroy Previews Fourth Quarter Results Jul 27, 1999 — CHESTNUT RIDGE, N.Y., July 27 -- LeCroy Corp. announced anticipated financial results for the fourth quarter of fiscal 1999 ended June 30, 1999. Revenue for the quarter is expected to be approximately $30 million. Management has deferred recognizing...
Applied Imaging, Vysis Announce Strategic Alliance Jul 26, 1999 — SANTA CLARA, Calif., July 26 -- Applied Imaging Corp. has purchased Vysis, Inc.'s cytogenetic imaging instrumentation business. As part of the transaction, Vysis has taken an equity stake of approximately four percent in Applied Imaging. The two...
Integral Vision Wins Disc Inspection Order Jul 26, 1999 — FARMINGTON HILLS, Mich., July 26 -- Integral Vision, Inc. has received orders valued at more than $2.0 million for its OMNI system and other inspection products for the disc industry. The orders were received from three different customers and are...
Network Transmits Light from Oregon to Alaska Jul 23, 1999 — HILLSBORO, Ore., July 23 -- WCI Cable, Inc. has reported the first transmission of light along the submarine segment of the NorthStar Network. Alcatel Submarine Networks conducted two tests immediately following NorthStar's final submarine cable...
Three-Five Systems Announces Second Quarter Results Jul 23, 1999 — TEMPE, Ariz., July 23 -- Three-Five Systems, Inc. reported record net sales of $31.6 million for the second quarter of 1999, an increase of 39 percent over second quarter 1998 revenue of $22.7 million. Net income for the quarter was $1.0 million, or...
Astronomers Use Hubble to Study Colliding Galaxies Jul 22, 1999 — HOUSTON, July 22 -- Images of more than a dozen very distant colliding galaxies have been captured by a European-led team of astronomers using the NASA/ESA Hubble Space Telescope. According to astronomers, these findings appear to indicate that...
Lucent Claims Optical Networking System Breakthrough Jul 22, 1999 — MURRAY HILL, N.J., July 22 -- Lucent Technologies has unveiled an optical networking system that uses beams of light to transmit information directly through the air. Called WaveStar OpticAir, the system will use lasers, amplifiers and receivers...
Orbotech Completes Installation of Inspection Systems Order Jul 22, 1999 — YAVNE, Israel, July 22 -- Orbotech Ltd. reports that it has successfully completed installation and acceptance criteria of multiple VT-8000 Automated Optical Inspection systems at the Singapore production facility of SCI Systems, Inc., a...
Cree Research Announces Stock Split Jul 21, 1999 — DURHAM, N.C., July 21 -- Cree Research, Inc. has approved a two-for-one stock split. The effective date of the split will be July 26, 1999, which date will also serve as the record date. Cree Research uses proprietary technology to make enabling...
FDA Approves Same Day 2nd Eye Laser Treatment Jul 21, 1999 — FREMONT, Calif., July 21 -- Sunrise Technologies International, Inc. reports that it has received conditional approval from the US Food and Drug Administration to treat both patients' eyes on the same day as part of its ongoing US clinical trials of...
France Telecom to Invest in NTL Jul 20, 1999 — PARIS, July 20 -- France Telecom announced that it has agreed to make an initial equity investment of US $1 billion in UK cable operator NTL. The investment will include the purchase of $250 million in common stock at $92.50 per share, and $750...
JDS Uniphase Announces Preliminary 4thQ Results Jul 20, 1999 — NEPEAN, Ontario, Canada, July 20 -- JDS Uniphase Corp. announced preliminary results for Uniphase Corp.'s fourth quarter ended June 30, 1999. Subject to final review, audit and confirmation, Uniphase expects to report sales of $86 to $87 million and...
Lucent Technologies Buys SpecTran Jul 19, 1999 — STURBRIDGE, Mass., July 19 -- SpecTran Corp. announced that it is being bought by Lucent Technologies for about $99 million. SpecTran, a manufacturer of optical fiber, employs approximately 400 at its Sturbridge plant, and another 120 at its plant...
Robotic Technology to Help Heart Surgeons Jul 19, 1999 — COLUMBUS, Ohio, July 19 -- Heart surgeons in the US are getting ready to use computer-enhanced robotic technology in bypass surgery. The technique, recently begun in Europe, may be used on the first American patient as early as this summer. Ohio...
US West, Qwest to Merge Jul 19, 1999 — DENVER, July 19 -- Qwest Communications International and US West have agreed to merge in a deal valued at $48 billion. The new company will be called Qwest and will retain its Denver headquarters. Joseph Nacchio, president and CEO of Qwest, will...
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