Electronic Diodes Beam Lumex into Annual 20% Growth Rate

By Comerford, Mike | Daily Herald (Arlington Heights, IL), December 18, 1996 | Go to article overview

Electronic Diodes Beam Lumex into Annual 20% Growth Rate


Comerford, Mike, Daily Herald (Arlington Heights, IL)


Byline: Mike Comerford Daily Herald Business Writer

Business profile

Name: Harold Anagnos

Age: 53

Business: Lumex Opto/Components Inc., Palatine

Revenues: $50 million

Philosophy: "Business-to-business marketing is a subtle specialty you have to develop, but we've been successful."

Parts that emit and sense visible or near infra-red light may not seem like a sexy topic, but that someone would not be Harold Anagnos, founder and head of the Palatine-based Lumex Opto/Components Inc.

Producing and selling customized tiny electronic diodes, called LEDs, Anagnos considers diodes to be his firm's bright lights of success. The firm's success can be measured by its 20 percent annual growth rate since 1985, its $50 million in annual revenue and a recent award from KPMG Peat Marwick for being one of Illinois' top high-tech firms.

The firm is doing so well that Anagnos said the privately held firm is shopping around the world for another high-tech company to help it expand its business both here and abroad. As chairman of the Midwest chapter of the American Electronic Association, he is bullish on the ability of Chicago-area firms to compete internationally in the field of electronic components.

"We're an engineering company that specializes in selling solutions, and because we are smaller than the huge electronic firms, we are more flexible," said Anagnos, referring to competitors such as Hewlett Packard and Panasonic. "We've been successful at marketing and innovation. We are constantly designing new products and solutions."

Electronic diodes are used in a variety of products including grocery-store coupon readers, street lamps, surgical equipment, vending machines, airport signs, television clickers and other items that require an electric light as an indicator or an infra-red light as a sensor.

"We've used Lumex for about three years now," said Karen Faltz, director of Oswego-based Westell Inc. "We needed them to customize LED-holders for us so we could use them in any series we wanted. That kind of flexibility is hard to find with larger manufacturers."

Lumex claims to have served 2,000 customers, including Siemens, AT&T, Motorola and IBM. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Electronic Diodes Beam Lumex into Annual 20% Growth Rate
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.