In brief: Philips Photonics, Anadigics, Riber
VCSEL milestone
Philips Photonics, the optoelectronic chip manufacturing operation comprising Ulm Photonics, says that it has now shipped more than 10 million VCSELs.
Acquired by Philips in October 2006, the Ulm operation - which also makes a range of high-end photodiodes "“ has focused on singlemode emitters for applications in high-performance tracking systems used in computer mice.
Anadigics rings bell
Bami Bastani and Tom Shields, respectively the CEO and CFO of resurgent GaAs company Anadigics, will open trading at the Nasdaq stock exchange in New York today.
The company is busy building a new wafer fab in China and meeting a sharp rise in demand for its highly integrated GaAs devices, while investors have enjoyed a sustained boom in Anadigics' share price over the past two years.
Currently trading at just over $16, the stock had been stuck around the $2 mark in mid-2005.
All quiet on the MBE front
French MBE equipment vendor Riber didn t ship any reactors at all in the first half of 2007, according to the company s latest financial statement.
Despite that apparent setback, managers say that the company will still meet its financial target for the full year.
Sales were only €2.4 million in the first half, prompting an operating loss of €3.3 million. But Riber is expecting a huge turnaround in the second half, with orders worth €12.6 million in the pipeline and predicted total sales of between €17 million and €19 million.
While Riber does not expect to make a profit for 2007, the recent sale of its former site in Rueil Malmaison has booted its cash position by around €5 million to €10.3 million.
