Spectra Physics, Inc. Formerly known as Spectra Physics Lasers, Inc.. The principal activities of the Group are designing, developing, manufacturing and distribution of lasers, lasers systems and optics for the industrial, original equipment manufacturer (OEM), and research and development markets. The Company sells both passive and active optical component products to telecommunications customers. Passive components are used to filter, mix and adjust the optical signals which are transmitted through a fiber optic network and Active components generate and amplify optical signals. The Company also develops laser products for a variety of other commercial markets, including the computer and microelectronics manufacturing, industrial manufacturing and research and development markets. Spectra-physics distribution accouted for 97% of 2000 revenues; active telecom group, 2%; laser group, Nom; passive telecom, nom & other, 1%.