VTR Opto Closes Shop

SANTA BARBARA, Calif. -- VTR Optoelectronics, Inc., a Santa Barbara, California-based manufacturer of high-end fiber optic receivers, announced that it has suspended operations effective 08/04/03.

The decision to suspend operations is consistent with the current strategy of Walsin Lihwa, the Taiwan based parent company of VTR Optoelectronics. Walsin Lihwa has decided to place more emphasis on its business interests in mainland China and has been disappointed with the sluggish recovery of the telecommunications markets elsewhere.

VTR Optoelectronics Inc.