Your English writing platform
Discover LudwigSuggestions(2)
Exact(31)
MRV COMMUNICATIONS, Chatsworth, Calif., sold its majority stake in Luminent's passive components division for about $29 million.
But it plans to produce the Sound Window at the company's electronic components division for sale to other manufacturers.
The company added that its electronics components division had not done well, hurt by slumping prices for television picture tubes.
The company's medical group and components division will move to the new facility from Union, N. J., in the spring.
The components division of a heavy machinery business had an excellent system that promoted cost control and production efficiency.
The new company, which has not been named, will have headquarters in Hong Kong and be run by Philippe Combes, chief executive of Philips display components division.
Similar(29)
Vanderslice, 59, who had run IBM's disk-drive division, was named to run the new Technology Group and oversee the bosses of five components divisions.
Two years ago, Indo-US MIM poured in over $2 million to add an aerospace component division.
The sale of the successful automotive component division, which accounts for a further three, and of Remploy's CCTV monitoring business is on the verge of completion.
Some analysts have compared the company, born as a component division of Hewlett-Packard, to Valeant Pharmaceuticals, a drug maker whose meteoric growth has been powered by serial acquisitions.
Nokia divested its component division to STMicro, and Ericsson and Motorola spun off theirs as well.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com