biz.yahoo.com
Monday October 18, 8:12 pm Eastern Time
JDS Uniphase buys small developer of components
(All figures in U.S. dollars unless indicated)
OTTAWA, Oct 18 (Reuters) - Fiber-optic equipment developer JDS Uniphase Corp (NasdaqNM:JDSU -
news)(Toronto:JDU.TO - news) added to its acquisition stable on Monday with tiny component developer Ramar Corp. in
a deal that will help leapfrog research and development efforts.
JDS Uniphase, the product of a June 30 merger between San Jose, California-based Uniphase Corp. and Ottawa area-based JDS FITEL Inc., did not
disclose terms of the deal.
Northborough, Mass.-based Ramar, which employs just 14 people, develops lithium niobate-based integrated optical components -- equipment used to put
information on the wavelengths running through a fiber-optic network.
Ramar's 10 and 40 Gigabit modulator technology will be integrated into the JDS modulator business, which produces components for the telecommunications
industry.
''It's kind of really leading edge stuff,'' said Jim Kedersha, analyst with SG Cowen & Co. ''A lot of people are talking about using the 40 Gigabit, but I don't
think anybody's quite ready for it yet.''
The announcement follows JDS's $400-million purchase of Trenton, New Jersey-based EPITAXX Inc. on Oct. 4.
JDS shares closed at C$181.20, a drop of C$9.80, on Monday on the Toronto Stock Exchange, and at $121-1/4 on Nasdaq, a decline of $7-3/8.
($1=$1.49 Canadian) |
