[0] Corning Completes Acquisition of NetOptix Corporation.Business/Technology Editors CORNING, N.Y.--(BUSINESS WIRE)--May 12, 2000 Integration of thin film optical filter manufacturer will strengthen Corning's position as a leading supplier of optical-networking products Corning Incorporated Corning Incorporated NYSE: GLW is an American manufacturer of glass, ceramics and related materials, primarily for industrial and scientific applications. The company was known until 1989 as Corning Glass Works. (NYSE NYSE See: New York Stock Exchange :GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ) announced today that it has completed the previously announced acquisition of NetOptix Corporation (Nasdaq:OPTX) of Sturbridge, Mass., a manufacturer of thin film optical filters used in dense wavelength division multiplexing See WDM. (DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing ) components. Under the terms of the agreement, which was approved today by NetOptix shareholders, Corning will exchange .90 shares of Corning common stock for each share of NetOptix common stock. Established in 1851, Corning Incorporated (www.corning.com) creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets. Corning's revenues in 1999 were $4.7 billion. |
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