Lucent in talks to buy small optical systems company
Article Abstract:
Lucent Technologies Inc. is in talks to buy Chromatis Networks Inc. for $5.5 bil in stock. Chromatis makes optical networking equipment that transmits data using the Internet protocol. The deal highlights Lucent's interest in selling hardware to Internet providers. Lucent's traditional market is big telephone businesses. But as more voice and video traffic moves to the Internet, Lucent needs to build its presence in that market to fend off rivals like Cisco Systems. But it remains to be seen whether the Internet protocol or a competing standard, asynchronous transfer mode, or A.T.M., best meets the needs of this market.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Web hardware maker buys digital 'plumber' for $41 billion
Article Abstract:
SDL Inc. has agreed to be acquired by JDS Uniphase Corp. for $41 billion in stock. It has been said that this could possibly be one of the biggest takeovers in the technology sector today. According to the deal, every one share of SDL Inc. will be traded for every 3.8 shares of JDS Uniphase. On July 7, 2000, JDS's shares closed at almost $117 a piece.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Lucent and Alcatel said to be reassessing terms of possible merger
Article Abstract:
Alcatel investor reaction to the proposed merger between the French company and Lucent Technologies Inc. has forced Alcatel to re-assess the merger terms. Alcatel, originally offering $40 billion for Lucent, has re-calculated Lucent's real worth at approximately $34 billion. Lucent's board of directors will meet the week of May 20, 2001 to decide on whether to begin formal merger negotiations. Control is an issue unless Lucent can negotiate a fairer 'combination' deal instead of an out-and-out acquisition by Alcatel.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Building an alternative to Windows; old Apple Macintosh team aims to put Linux on the desktop. Flaws in digital wireless technology said to allow eavesdropping
- Abstracts: Justice Department and Microsoft agree on most of settlement pact. The Microsoft-U.S. negotiations: tough talk in Chicago
- Abstracts: Frequent-flier benefits likely to increase - but so are costs. Airlines relax hiring rules in quest for pilots
- Abstracts: Groomed so not to marry: Porsche claims exemption from merger mania. DaimlerChrysler makes Asia deal: Mitsubishi to cede control
- Abstracts: Nonprofit groups are trimming their sails to match the winds of public sentiment. A campaign aims to show that Buffalo isn't just a snowy city