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Eye On BusinessJDS Uniphase (San Jose, CA) has acquired AdvancedDigital Optics ( Westlake Village, CA) for approximately $12million in cash. JDS Uniphase, which develops light engines for microdisplaytelevisions, completed the acquisition soon after the collaborationbetween the two companies in developing the UltreX and DefiniTVlight engines for the large-screen segment of the HDTV market.
CrystalFibre AS ( Birkerød, Denmark) has acquired the assets of its arch rival BlazePhotonics ( Bath, UK) for $3.3 million.This means that Crystal Fibre will gain ownership of all ofBalzePhotonics’ intellectualproperty as well as its fabrication equipment. BlazePhotonicswas founded in 2001 by researchers at the University of Bath;the company, which hadn’t received funding from its investors inthe last three and a half years, was struggling financially and could notsecure further funding from its investors.
ADVA Optical Networking (Martinsreid and Munich, Germany) reported second-quarter revenues of EUR 25.6 million ($31.6 million) compared to revenues of EUR 23.0 million in the first quarter and EUR 22.7 in the second quarter of last year. Actual net income increased from EUR 600,000 in Q2 2003 to EUR 2.9 million in Q2 2004. Revenues in the first six months of this year were EUR 48.6 million — an improvement over last year’s six-month revenue of EUR 44.0 million.
Coreco Imaging ( St-Laurent, QC, Canada) announced its revenuesended June 30 increased 27% to $6,225,731 year-over-year and17% on a sequential basis. The gross margin increased to 61.1% ofsales, compared to the Q2 2003 figure of 58.7% and the Q1 2004 figureof 60.7%. For the comparable six-month periods, revenues increased24%, the gross margin improved from 57% to 60.9% and net earningsmore than quadrupled to $892,406, up from $207,748 last year.
DALSA Corporation ( Waterloo, ON, Canada) reported record revenues of $39.8 million Cdn ($30.7 million) in the second quarter and net income of $4.1 million Cdn. This was an improvement over the same quarter last year of $32.7 million Cdn and $2.3 million Cdn, respectively. The company’s semiconductor business posted record revenues of $17.5 million Cdn — up 32% over the same period last year and up 36% over Q1 2004; earnings were $2.5 million Cdn — a 158% increase over Q3 2003 and up 79% over Q1 2004. The digital imaging business saw revenues of $22.3 million Cdn, up 14.9% from the second quarter of 2003, but down from $23.9 million in Q1 2004.