MicroOptical Devices acquired by Emcore

    Jan. 1, 1998
    MicroOptical Devices Inc. (Albuquerque, NM), a developer of optical components and subsystems based on VCSEL technology, has been acquired by Emcore Corp. (Somerset, NJ) in a stock purchase valued at approximately $30 million. A significant portion of the purchase price will be taken as a one-time charge by Emcore related to the write-off of in-process R&D costs. The current management team of Thomas M. Brennan and Robert P. Bryan will run MicroOptical Devices as a separate subsidiary.

    MicroOptical Devices acquired by Emcore

    MicroOptical Devices Inc. (Albuquerque, NM), a developer of optical components and subsystems based on VCSEL technology, has been acquired by Emcore Corp. (Somerset, NJ) in a stock purchase valued at approximately $30 million. A significant portion of the purchase price will be taken as a one-time charge by Emcore related to the write-off of in-process R&D costs. The current management team of Thomas M. Brennan and Robert P. Bryan will run MicroOptical Devices as a separate subsidiary.

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