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BUSINESS
May 17, 2001
Lantronix Inc. said Wednesday that it has scrapped plans to acquire Lightwave Communications, a Connecticut company that makes console management software. Instead, the companies are negotiating an agreement for Lightwave to supply products for Lantronix network device servers, the Irvine company said. Lantronix also said that despite the current economic slowdown, it is standing by previous earnings estimates of 3.
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BUSINESS
May 17, 2001
Lantronix Inc. said Wednesday that it has scrapped plans to acquire Lightwave Communications, a Connecticut company that makes console management software. Instead, the companies are negotiating an agreement for Lightwave to supply products for Lantronix network device servers, the Irvine company said. Lantronix also said that despite the current economic slowdown, it is standing by previous earnings estimates of 3.
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BUSINESS
April 11, 2001 | Dow Jones and Reuters
Lantronix Inc. said Tuesday that it has signed a tentative agreement to acquire a Connecticut company that makes console management software. Terms of the proposed cash and stock deal were not disclosed. The Irvine maker of network device servers said in a press release that its acquisition of Lightwave Communications in Milford, Conn., is expected to close by the end of May, subject to various closing conditions. Lantronix said both companies' boards have approved the transaction.
BUSINESS
April 11, 2001 | Dow Jones and Reuters
Lantronix Inc. said Tuesday that it has signed a tentative agreement to acquire a Connecticut company that makes console management software. Terms of the proposed cash and stock deal were not disclosed. The Irvine maker of network device servers said in a press release that its acquisition of Lightwave Communications in Milford, Conn., is expected to close by the end of May, subject to various closing conditions. Lantronix said both companies' boards have approved the transaction.
NEWS
December 13, 1988 | United Press International
Scientists have invented a new transistor that can switch on and off 140 billion times a second, 12 times faster than transistors used in supercomputers, it was announced Monday. The "bipolar transistor," created at the AT&T Bell Laboratories in Murray Hill, N.J., could have applications in computers, microwave communications and light-wave communications systems that use lasers. A transistor is a solid-state device that controls the flow of electrons in a circuit.
BUSINESS
April 23, 2001 | From Dow Jones Newswires
Unlike most technology companies, Lantronix Inc. seems to be benefiting from the slowing economy. The Irvine maker of network device servers expects to report a 40% gain in third-quarter revenue Wednesday, and Chief Financial Officer Steve Cotton says the economic slowdown is actually helping business. Lantronix is experiencing stronger demand than anticipated as businesses scramble for products that can cheaply hook up devices to Internet-enabled networks.
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