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Optimum Optical Systems Inc

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January 11, 1994 | JACK SEARLES
Three months ago, Roy E. Hacker, the top executive at Santa Barbara Applied Optics, a Ventura-based producer of night-vision lenses and other optical equipment for the military, learned that his firm was about to close its doors. Defense orders, which accounted for 85% of revenues, were down sharply. The payroll, which had stood at 110 a year earlier, had shrunk to only 40 employees. So Hacker wasn't totally surprised when his bosses at the parent company, Optical Filter Corp. in Natick, Mass.
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BUSINESS
January 11, 1994 | JACK SEARLES
Three months ago, Roy E. Hacker, the top executive at Santa Barbara Applied Optics, a Ventura-based producer of night-vision lenses and other optical equipment for the military, learned that his firm was about to close its doors. Defense orders, which accounted for 85% of revenues, were down sharply. The payroll, which had stood at 110 a year earlier, had shrunk to only 40 employees. So Hacker wasn't totally surprised when his bosses at the parent company, Optical Filter Corp. in Natick, Mass.
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