Weekly: EMCORE hits year-low
EMCORE Corporation (EMCORE) is a provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets. The Company has two reporting segments: Fiber Optics and Photovoltaics. Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. Photovoltaics segment provides solar products for satellite and terrestrial applications. On February 22, 2008, EMCORE acquired telecom-related assets of Intel Corporation’s Optical Platform Division (OPD). On April 20, 2008, EMCORE acquired the enterprise and storage-related assets of Intel Corporation’s OPD business, as well as Intel’s Connects Cables business. In January 2009, the Company completed the sale of WorldWater & Solar Technologies Corporation.
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