Dec, 2001 : JDS Uniphase to Acquire IBM Optical Transceiver Business

📅 December 21, 2001 - JDS Uniphase Corporation (jdsuniphase.com) announced that ithas agreed to purchase the optical transceiver business of IBM Corporation(ibm.com) for $340 million, including $100 million cash. The pending acquisition will extend JDS Uniphase's product breadth to provide optical solutions beyond its existing telecommunications markets to growing data communications markets. IBM's optical data communications products include small form factor transceivers and Gigabit Interface Converters for storage area networks and local area networks using optical Fibre Channel and Gigabit Ethernet protocols.

The transceiver business, with principal operations in Rochester, MN, expandthe JDS Uniphase transmission module product line from long haultelecommunications to very short reach carrier and enterprise applications.In addition, JDS Uniphase plans to expand its customer base to includeenterprise networking markets.
JDS Uniphase believes its combination with the IBM team will extend itstechnical depth through the addition of expertise in small form factorpackaging, proprietary latching, and low cost materials and assemblytechniques. The team joining JDS Uniphase also brings expertise inhigh-speed mixed signal silicon germanium and BiCMOS integrated circuitdesign as well as enhanced analog, microwave, optoelectronic, and mechanicaldesign resources.
"This acquisition immediately positions JDS Uniphase as a leading supplierof fiberoptic solutions in the large and growing data communicationsmarkets," said Jozef Straus, JDS Uniphase co-chairman, president and CEO."With this unit's innovative packaging and strategic design capabilities, webelieve we can offer enterprises the same value-added proposition for datacommunications as we do in telecommunications: improved network flexibility,capacity, reach, reliability and cost through advanced fiberoptic componentsand modules."
Under the terms of the agreement, JDS Uniphase will pay $340 million in acombination of cash and stock, of which $100 million will be paid in cash.Additional payments of up to $85 million in cash or stock may be made inearly calendar 2003 based on the financial performance of the acquiredbusiness. Closing of the transaction is subject to customary conditions,including the receipt of government approvals.

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