26 November 1998: US-based Optical Coating Laboratory Inc. said it will take a pre-tax loss of US$ 9.3 million, or US$ 0.29 per share, in the fourth quarter in connection with the sale of its MMG Divi…
26 November 1998: US-based Optical Coating Laboratory Inc. said it will take a pre-tax loss of US$ 9.3 million, or US$ 0.29 per share, in the fourth quarter in connection with the sale of its MMG Division glass fabrication assets. The company said in a statement it is selling the MMG Division of OCLI Optical Coating Laboratory GmbH in Germany to Glas Trosch, a privately held glass company in Switzerland, with subsidiaries in Germany and France. The company said it will continue to provide coated glass products to Glas Trosch, and that the MMG Division has been primarily engaged in glass fabrication in support of the office automation market in Europe. Optical Coating makes optical thin film coated components used to manage light.