G. Anandalingam and Henry C. Lucas
- Published in print:
- 2004
- Published Online:
- September 2007
- ISBN:
- 9780195177404
- eISBN:
- 9780199789559
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195177404.003.0005
- Subject:
- Business and Management, Strategy
The 1990s saw an incredible amount of excitement about optical networking technology. Many start-up companies with potentially viable new technology seemed very “hot” to investors, especially venture ...
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The 1990s saw an incredible amount of excitement about optical networking technology. Many start-up companies with potentially viable new technology seemed very “hot” to investors, especially venture capital firms and well established technology companies in telecommunications like Lucent, Nortel, and Cisco. There was a mad scramble to either invest in or acquire a number of these new start-up companies including Chromatis, Ignitus, Sycamore, Lightera, etc. Winners ended up paying billions of dollars for companies with commercially unproven technology or technology that could be emulated by others. Over the past two years, the optical networking industry has lost over $500 billion in investor value, and it offers a good example of market factors leading to the winner’s curse.Less
The 1990s saw an incredible amount of excitement about optical networking technology. Many start-up companies with potentially viable new technology seemed very “hot” to investors, especially venture capital firms and well established technology companies in telecommunications like Lucent, Nortel, and Cisco. There was a mad scramble to either invest in or acquire a number of these new start-up companies including Chromatis, Ignitus, Sycamore, Lightera, etc. Winners ended up paying billions of dollars for companies with commercially unproven technology or technology that could be emulated by others. Over the past two years, the optical networking industry has lost over $500 billion in investor value, and it offers a good example of market factors leading to the winner’s curse.
Guang S. He
- Published in print:
- 2014
- Published Online:
- December 2014
- ISBN:
- 9780198702764
- eISBN:
- 9780191772368
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198702764.003.0016
- Subject:
- Physics, Atomic, Laser, and Optical Physics
Fast or slow light propagation means that the group velocity of a quasi-monochromatic light pulse propagating in a resonant medium can be significantly faster or slower than the light speed in a ...
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Fast or slow light propagation means that the group velocity of a quasi-monochromatic light pulse propagating in a resonant medium can be significantly faster or slower than the light speed in a vacuum. Since the end of the last century and the beginning of this century, studies on this subject have attracted a great deal of interest. Remarkable progress has been achieved, based on various nonlinear optical interactions in resonant media. The fundamental research on this subject can enrich our understanding of special relativity and causality in physics. On the other hand, those mechanisms and techniques developed for fast and slow light propagation have provided the potential for many future applications, such as optical buffers and variable delay lines for optical networks, optical computing, optical telecommunications, optical data storage, and signal processing.Less
Fast or slow light propagation means that the group velocity of a quasi-monochromatic light pulse propagating in a resonant medium can be significantly faster or slower than the light speed in a vacuum. Since the end of the last century and the beginning of this century, studies on this subject have attracted a great deal of interest. Remarkable progress has been achieved, based on various nonlinear optical interactions in resonant media. The fundamental research on this subject can enrich our understanding of special relativity and causality in physics. On the other hand, those mechanisms and techniques developed for fast and slow light propagation have provided the potential for many future applications, such as optical buffers and variable delay lines for optical networks, optical computing, optical telecommunications, optical data storage, and signal processing.
