Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sonki who wrote (3634)	12/10/2000 10:16:40 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 3951

Glw, said they have no problems w. sdli/jdsu merger. Corning Says It Doesn't Oppose JDS's Purchase of SDL (Update1) By Justin Baer New York, Dec. 7 (Bloomberg) -- Corning Inc. President John Loose said the biggest maker of glass used in telecommunications networks doesn't oppose the planned $23.1 billion purchase of SDL Inc. by rival JDS Uniphase Corp. Corning is a competitor and a customer to both JDS and SDL in the market for lasers, filters and other parts used in fiber-optic equipment. JDS, the biggest maker of optical components, is close to winning U.S. antitrust clearance for its SDL purchase, people familiar with the matter said recently. Investors have speculated that Corning would seek to block the proposed acquisition on grounds the combined company would dominate production of a type of laser that strengthens light signals beamed across fiber-optic networks. Corning packages JDS and SDL parts in amplifiers it sells to phone-equipment companies such as Nortel Networks Corp. ``Corning never opposed'' the transaction, Loose said in an interview. ``We haven't taken a position on that at all.'' Loose expects sales at Corning's components business will double to about $1 billion this year. Shares of the Corning, New York-based company rose $1.81 to $71.56. They have climbed 67 percent this year. Together, JDS and SDL manufacture 80 percent of the world's supply of 980-nanometer pump lasers, which are used to amplify light beams that travel through optical networks. Corning and a handful of other companies divide the remaining market share. JDS and the U.S. Justice Department are in the final stages of negotiations and could reach an agreement next week, the people said. To meet the government's demands, JDS may sell a Zurich factory that produces the 980-nanometer lasers. Other components makers, including Lucent Technologies Inc., are expected to bid on the Swiss plant. Loose suggested that Corning might be interested in acquiring the facility should JDS look to sell it. ``I think if any attractive asset in the components business became available:'' Loose said, ``we'd talk about it.'' Loose, who's also the company's chief operating officer, will succeed Chief Executive Roger Ackerman on Jan. 1. Ackerman will remain Corning's chairman until June 21. quote.bloomberg.com GLW expects sales to double? Jack