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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: KYA27 who wrote (11105)	11/14/1999 1:51:00 PM
From: KYA27	Read Replies (2) \| Respond to of 21876

Lucent invests in component-maker Horizon Photonics The Microelectronics Group of Lucent Technologies (Murray Hill, NJ) has invested an undisclosed sum in Horizon Photonics (Walnut, CA). The investment gives Lucent access to Horizon's automated processes for manufacturing passive optical components. Passive components, such as lenses, isolators, collimators, and optical attenuators--in great demand for high-bandwidth optical networking--are often assembled manually. But Horizon has developed a design that allows micro-optics to be mounted in small, transferable fixtures with flexibility for further processing. Horizon is in the process of expanding its facilities and manufacturing capacity. Lucent, which last year finished a multimillion-dollar expansion of its automated laser-packaging facility in Breinigsville, PA, plans to spend another $30 million to increase its production capacity by the first quarter of 2000.