September 27, 2000 |
Premier Laser Systems Inc., which shut down operations in March and filed for bankruptcy reorganization, said Tuesday that it has agreed to sell the laser technology that once helped make the company the darling of Wall Street. Chief Executive Michael J. Quinn also said he hoped to liquidate the remaining assets of the once-promising laser manufacturer within four months. Irvine-based Premier is selling its Erbium YAG laser technology for $3.75 million to SurgiLight Inc., an Orlando, Fla.
July 19, 2000
Laser manufacturer Premier Laser Systems Inc., which shut down its operations in March and filed for bankruptcy, said Tuesday that it has agreed to sell its majority stake in Ophthalmic Imaging Systems, a Sacramento maker of digital and image enhancement systems. Irvine-based Premier is selling its stake to Israel-based MediVision Medical Imaging Ltd. for $2.2 million in cash and $1 million in MediVision stock.
March 14, 2000 |
The Nasdaq stock market has halted the trading of Premier Laser Systems Inc. shares until the Irvine-based firm, which filed a bankruptcy petition last week, provides "additional information." Premier shares last traded Friday at $1. Officials at the dental and vision laser maker could not be reached for comment Monday. Once the darling of Wall Street, Premier filed for bankruptcy reorganization Friday amid mounting losses, lawsuits and layoffs.
March 11, 2000 |
Premier Laser Systems Inc., which recently shut down operations and laid off most of its 80 workers, filed for bankruptcy reorganization Friday as executives prepared to sell off various company assets. Chief Executive Michael J. Quinn, who had joined the Irvine company three months ago to launch a recovery effort, said he has put the company on the block. "I thought I would be able to fix this thing and live happily ever after," he said. "Unfortunately, the circumstances were beyond my control."
March 7, 2000 |
Charging patent infringement, Biolase Technology Inc. of San Clemente has filed a lawsuit against Premier Laser Systems Inc., adding to the woes of the struggling Irvine-based maker of dental and vision lasers. Biolase alleged that several of Premier Laser's products using lasers with water for dental procedures infringe on one or more of Biolase's patents. Premier Chief Executive Michael J. Quinn said the suit had no merit and that its sole purpose was to compound Premier's difficulties.
March 2, 2000 |
Struggling Premier Laser Systems Inc., edging closer to bankruptcy, said Wednesday it has laid off all but nine employees and has only enough cash to operate for a week. The once-promising maker of dental and vision lasers, which shut down operations and furloughed more than two-thirds of its 80 workers just two weeks ago, laid off an additional 13 Tuesday, leaving a skeleton crew at the Irvine headquarters, Chief Executive Michael J. Quinn said.