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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (2864)	9/20/2000 11:49:05 PM
From: BDR	Respond to of 3951

And a follow up article on Hitachi's OpNext: SEPTEMBER 20, 2000 Hitachi Plans Component Spinoff Hitachi Ltd. (NYSE: HIT) is creating a new U.S.-based company out of its optical components division, which makes Sonet/SDH laser diode modules, transmitters, and receivers. Hitachi is the latest of several big companies to create separate entities from their component divisions. Lucent Technologies Inc. (NYSE: LU) and Nortel Networks Corp. (NYSE/Toronto: NT) plan similar spinoffs, and Alcatel SA (NYSE: ALA) has started a special tracking stock for its optical components. (See Alcatel to Issue Optical Tracking Stock and Lucent Names CEO for Spinoff and Alcatel Prepares for a Components War ). Hitachi's startup, named OpNext Inc., is scheduled to open at an undisclosed U.S. location in January 2001. Hitachi's existing Fiber Optic Components Business Unit, located in Yokohama City, will become OpNext Japan Inc., the manufacturing subsidiary of OpNext. OpNext "will consider" an IPO, spokespeople say, but no date's been set. Complete article at: lightreading.com