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To: James Fulop who wrote (9040)	5/29/2000 12:10:00 PM
From: peggylynn	Read Replies (1) \| Respond to of 12623

Lucent Set To Pay $5 Bln To Acquire Chromatis - FT Dow Jones Newswires May 28, 2000 interactive.wsj.com. TOKYO -- Lucent Technologies (LU) is expected to announce within days a deal with Chromatis Networks, enabling it to break into the fast-growing optical networking business, the Financial Times reported in its Monday international edition, citing sources close to the deal. The world's biggest telecommunications equipment maker is poised to pay around $5 billion in stock for Virginia-based Chromatis, which produces equipment that increases the speed of the local communications networks covering metropolitan areas, the FT said. "Chromatis provides the ability to virtually expand the capacity of the fiber-optic metropolitan network," the source said, as quoted by the FT. This is set to be a big growth area, as most investment in optical technology so far has taken place in long-distance communications 'backbones.' The deal with Chromatis would be a boost for Lucent, which has fallen behind rival Nortel (NT) and specialists such as JDS Uniphase (JDSU). Cisco (CSCO) is also focussing on optical networking as its most important new area of expansion. Optical networking is one of the few hot sectors on Wall Street at a time when technology stocks are declining. A weak IPO market is expected to get a boost this week with the arrival of ONI Systems, an optical company which has raised the indicated price of its offering from $14-$16 a share to $21-$23 a share, according to the FT. The Chromatis deal marks a big achievement for Israel's rapidly growing venture capital industry and high-technology start-up sector, the FT said. Chromatis has most of its research and development expertise in Tel Aviv. About 100 of its 160 employees are in Israel. Jerusalem Venture Partners (JVP), an Israel-based venture capital fund, was the lead investor in Chromatis. The group manages about $250 million in three funds, and is backed by investors such as Boeing, Invesco, Merrill Lynch and France Telecom, the FT said. JVP holds about 15% of Chromatis, which raised $50 million in two rounds of private financing, the FT said. -------------------------------------------------------------------------------- Briefing Book for: BCE \| CSCO \| JDSU \| LU \| NT \| T.BCE \| T.NT --------------------------------------------------------------------------------

To: James Fulop who wrote (9040)	5/29/2000 1:32:00 PM
From: jghutchison	Respond to of 12623

James, MEMS are hot, - tiny mirrors that rapidly oscillate to switch light circuits. But will they become obsolete in our time? Now comes PBG - the optical equivalent of the transistor. The Holy Grail. If it ain't Cold Fusion, our world is about to change, rather dramatically. I was one of the fortunate few who were in on laser applications back in the early days of electro-optics. At the time, the laser (spelled then as LASER), was described by the pundits as an invention looking for an application. I didn't think so, neither did others with half a brain. It is one of the greatest inventions of the 20th century. Perhaps, the PBG device will start off the 21st century with a giant kick. The applications already exist. Use your imagination a little. physics.utoronto.ca Link courtesy of Peggylynn. Thanks, Peggylynn. Jack Hutchison