5 May 1992 Mergers and acquistions of 1991
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Proceedings Volume 1719, The Laser Marketplace 1992; (1992) https://doi.org/10.1117/12.140310
Event: The Laser Marketplace in 1992, 1992, Los Angeles, CA, United States
When I went back and started to track the industry for the last year, we see a tremendous amount of acquisitions and mergers. Tremendous amount of startups which by the way has a very good side to the recession, which I'll speak to. And reorganization which is also maybe a euphemism for restructuring, downsizing. As Gary mentioned, these trends were well underway before the recession, but certainly in 1991 we saw the acceleration of this, primarily from government defense cutbacks, which again have been accelerated by the end of the Cold War. We also have the restructuring which has been going on for several years because of the heightened global competition. And the third thing, of course, it's all come together with all recession.
© (1992) COPYRIGHT Society of Photo-Optical Instrumentation Engineers (SPIE). Downloading of the abstract is permitted for personal use only.
David Kales, David Kales, } "Mergers and acquistions of 1991", Proc. SPIE 1719, The Laser Marketplace 1992, (5 May 1992); doi: 10.1117/12.140310; https://doi.org/10.1117/12.140310


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