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Wednesday, August 27, 2003

Business Digest

Boeing taps Oce NV for digital printing services

The Boeing Co. will hand over digital printing operations with 250 employees to Dutch company Oce NV under a seven-year contract. The contract is worth more than $100 million, Oce spokesman Marvin Pollack said.

Oce will assume the operation of 28 Boeing printing centers and most of the employees will be put on its payroll, the company said. The agreement makes Oce Boeing's primary digital printing supplier. It includes high-speed printing and management of technical documents.

Investment in Lumera approaches $2 million

Lumera Corp., a subsidiary of Bothell-based Microvision Inc., has landed $1.9 million from new and existing investors.

Microvision invested $867,550 in order to keep its majority position in the start-up.

Lumera is working on optical devices to increase the performance and reduce the costs of telecommunications networks.

Amazon testing online sporting goods store

Amazon.com has launched a beta test for an online sporting goods store. The site includes more than 2,000 brands, including products from Nike, Redmond-based O'Brien International and Kirkland Internet retailer Altrec.com. The store can be accessed from Amazon.com's main Web site.

Intel to construct assembly plant in China

SAN JOSE, Calif. -- In a boost to China's economy, semiconductor giant Intel Corp. will begin construction next year on a $200 million chip testing-and-assembly plant in western Sichuan province. The Chengdu plant, which is expected at first to employ 675 people, is expected to begin construction in the first half of 2004 and become operational in 2005. Intel said it expects to invest up to another $175 million and add additional employees in the future.

Intel, the world's largest computer chip company, already has a presence in China, including another test-and-assembly facility in eastern China. It also has research and development laboratories in Beijing, Shanghai and Shenzhen.

New top officer

Spiration Inc., a Seattle developer of medical devices for lung disease treatment, yesterday named Ken Bares, formerly of Vertis Neuroscience Inc., vice president of sales.

This report includes information from P-I staff, The Associated Press and Bloomberg News.

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