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VTR Optoelectronics Suspends Operations

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SANTA BARBARA, Calif., August 6 -- VTR Optoelectronics Inc., a Santa Barbara, Calif.-based manufacturer of high-end fiber optic receivers, announced it has suspended its operations as of August 4. The company said the decision to suspend operations is consistent with the current strategy of Walsin Lihwa, its Taiwan-based parent company. "Walsin Lihwa has decided to place more emphasis on its business interests in mainland China and has been disappointed with the sluggish recovery of the telecommunications markets elsewhere," said VTR Optoelectronics President Robert A. Craven. Originally...Read full article

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    Published: August 2003
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