SWINDON, U.K. -- Richard Hill and Peter Rilett of KPMG in Bristol have been appointed joint administrators of Optical Micro Devices Ltd. The company, which was formed in September 1999 as a start-up and employs 40 people, manufactures specialist products for the optical communications industry from its premises just outside Swindon. Richard Hill, corporate recovery partner at KPMG's Bristol office, comments: "Unfortunately, the company has suffered from the global slowdown in the telecommunications industry. This has meant that sales have been slower than expected, resulting in a higher than anticipated cash burn-rate. "The business uses state-of-the-art semi-conductor technology and has excellent prospects for an investor who is prepared to take a long term view. It is hoped that a buyer can be found for the business and assets in the next four to six weeks and we are currently working to identify potential purchasers for the business." Optical Micro Devices Inc. (OMD)