OTTAWA, ON and SAN JOSE, CA -- JDS Uniphase Corp. has announced its agreement to purchase the optical transceiver b...
December 20, 2001
OTTAWA, ON and SAN JOSE, CA — JDS Uniphase Corp. has announced its agreement to purchase the optical transceiver business of IBM Corp.
Under the terms of the agreement, JDS Uniphase will pay $340 million in a combination of cash and stock, for IBM’s transceiver business, which has principal operations in Rochester, MN.
JDS says the pending acquisition will extend its product line to provide optical systems to data communications markets. IBM’s optical data communications products include small form factor (SFF) transceivers and Gigabit Interface Converters (GBIC) for SANs and LANs using optical Fibre Channel and Gigabit Ethernet protocols.
“This acquisition immediately positions JDS Uniphase as a leading supplier of fiber-optic solutions in the large and growing data communications markets,” said Jozef Straus, JDS Uniphase co-chairman, president and CEO. “With this unit’s innovative packaging and strategic design capabilities, we believe we can offer enterprises the same value-added proposition for data communications as we do in telecommunications: improved network flexibility, capacity, reach, reliability and cost through advanced fiber-optic components and modules.”
JDS Uniphase is a high technology company that designs, develops, manufactures and sells a comprehensive range of products for fiber-optic communications applications. For more information, visit http://www.jdsu.com.