Hi Will Tally, Many new faces can use your help in InP. They will be coming, just you wait and see. This is how I got here. I am in the group that is following the EMC concept of "Content Big bang" and what it means for data storage and optics. SANs (storage area networks) have a loyal group of followers on SI. The EMLX, BRCD, EMC, SUNW, VRTS, QLGC companies are in this sector. A small optics company helps to enable these things..FNSR. Yesterday they had a cc and did a lot better than just ok.
Finisar Corporation Announces Financial Results for Second Quarter Ended October 31, 2000 And Agreements to Acquire: Demeter Technologies, Transwave Fiber and Shomiti Systems - Business Wire - 4:17 pm
They also bought some companies that most haven't heard of.
One of them is Demeter for gigabit lasers. I believe that Demeter was a part of AXT until this summer? Do you know anything about them? Here is some text of the pr piece...
ACQUISITION OF DEMETER TECHNOLOGIES, INC.
Demeter Technologies was founded in August 2000. The founders of Demeter have extensive experience in manufacturing laser diodes in large volumes. With its early access to semiconductor processing equipment for epitaxial growth and ability to employ world class manufacturing techniques, Demeter has already demonstrated state-of-the-art laser diodes that can be directly modulated at speeds up to 10 gigabits per second. With the acquisition of Demeter, Finisar gains access to this fundamental technology in its quest to extend its capabilities as a provider of next generation fiber optic network equipment for Gigabit Ethernet, Fibre Channel and SONET.
Under the terms of the agreement, Demeter Technologies merged with a wholly-owned subsidiary of Finisar, and Demeter's stockholders received approximately 6.6 million shares of Finisar Common Stock, including shares issuable upon exercise of options assumed in the merger. The transaction will be accounted for as a purchase and is intended to qualify as a tax-free reorganization. The closing price of Finisar's Common Stock on November 20, 2000 was $22.13 per share, giving the transaction an approximate value of $146 million. The acquisition was completed on November 21, 2000 and will be included in the financial results of Finisar for the third fiscal quarter ending January 31, 2001.
Have found your links on InP to be very helpful. Perhaps you can speed us along with some other goodies? Thanks in advance.
Here is a link to the FNSR thread. I was leary of them because of low margin on optical tranceivers, but I am thinking that they plan on vertical integration and moving on up the food chain. Thanks in advance for any help.
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