Dual wavelength electro-optical bistability in resistor-biased and symmetric self electro-optic effect devices and their input power dependence are investigated using InGaAs/AlGaAs multiple quantum wells. A new principle to drive the devices using two widely separated wavelengths for signal and control light is proposed and demonstrated to obtain optical transmission bistability between two stable states of the signal light at λ1 by varying the control beam power at λ2. Detailed experimental results of signal power dependencies of the optical responses are presented and rigorously explained based on the voltage switching mechanism of the signal diode by the second control light using a simple load line analysis. Advantages of this new device configuration are discussed taking full merit of the transparency of the GaAs substrate to the signal wavelength.