JDS UNIPHASE TO BUY CRONOS INTEGRATED IN $750 MILLION DEAL.JDS Uniphase JDS Uniphase Corporation (JDSU) NASDAQ: JDSU is a company that manufactures and designs products for fiber optic communication and test equipment. It is headquartered in Milpitas, California, USA. Corp. announced that it agreed to acquire closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. Cronos Integrated Microsystems Inc. for about $750 million in stock, in a bid to significantly broaden its product line. JDS Uniphase is the largest independent maker of components for fiber-optic telecommunications equipment. Cronos, Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C., also makes fiber-optic components, specializing in tiny mirrors called micro-electro-mechanical systems Micro-electro-mechanical systems (MEMS) Systems that couple micromechanisms with microelectronics. Such systems are also referred to as microsystems, and the coupling of micromechanisms with microelectronics is also termed micromechatronics. , or Mems. Used to direct pulses of light that carry information, Mems are crucial to designs to cut the costs of building and operating a fiber-optic network, by eliminating the need to convert the pulses of light to electrical charges and back to light. Equipment makers such as Lucent Technologies Inc. and Nortel Networks Corp. have announced plans for optical switches using Mems. The deal continues JDS' acquisition space. JDS See Java Desktop System. has announced plans to buy E-Tek Dynamics Inc., also a maker of fiber-optic components. That deal is being reviewed by federal antitrust officials, but JDS officials reiterated their expectation that the deal will be approved. |
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