EMCORE IS PULLING UP STAKES IN ALBUQUERQUE AND MOVING TO CALIFORNIA. EMCORE EMPLOYS ABOUT 275 PEOPLE IN ALBUQUERQUE IN HIGH TECH JOBS AND SAYS THOSE JOBS WILL STAY FOR AT LEAST A YEAR. ALBUQUERQUE BUSINESS FIRST REPORTS THAT'S THE DEAL IT HAS WITH VERITAS CAPITAL, WHICH IS BUYING EMCORE'S SPACE SOLAR PHOTO-VOLTAICS BUSINESS.
EMCORE WILL MOVE TO ALHAMBRA, CALIFORNIA, ONCE THE SALE IS CLOSED. THAT'S EXPECTED IN DECEMBER OR EARLY NEXT YEAR.
