Printer Friendly
The Free Library
23,383,293 articles and books


LUCENT ACQUIRES CHROMATIS.

Virginia based Chromatis, a maker of optical networking equipment for telecommunications providers has been acquired by Lucent Technologies, Inc., for approximately $4.5 billion.

Chromatis, a two-year old company, is one of a number of small startup companies developing technology in the fiber-optic networking market, and has yet to release any of its products to the market.

Lucent, like others, is extremely interested in any family of products that improve the efficiency of transmitting data wires within large city metropolitan areas over optical networks using infinitely faster light waves, rather than electric impulses that travel over copper.

Lucent believes that they need companies such as Chromatis in order to develop next generation optical networks designed to reduce the bottlenecks that plague today's networks. The acquisition, if fulfilled, would enhance Lucent's ability to compete with its main rivals, Nortel Networks, Inc., of Brampton, Ontario, and Cisco Systems, San Jose, CA.

The high price of the acquisition, particularly in light of the recent decline in technology stocks, may well be dictated by other behind the scenes potential competitive bids by companies such as Nortel and Cisco, as well as Cisco's recent acquisition of Cerent, another maker of optical networking equipment.
COPYRIGHT 2000 Millin Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Company Business and Marketing
Comment:LUCENT ACQUIRES CHROMATIS.(Company Business and Marketing)
Publication:EDP Weekly's IT Monitor
Geographic Code:1USA
Date:Jun 5, 2000
Words:198
Previous Article:IBM TO CREATE ONLINE EXCHANGE FOR COMPUTER PARTS.
Next Article:GATEWAY TO BUY CHIPS FROM TRANSMETA.
Topics:



Related Articles
Telecom Two Step.
LUCENT TO ACQUIRE PROVIDER OF ADVANCED IP SERVICES NETWORK EQUIPMENT.
LUCENT TECHNOLOGIES UNVEILS ULTRA-HIGH-CAPACITY OPTICAL SYSTEM.
Lucent, Celestica Sign $10 Billion Agreement.
NMS to acquire lucent division. (Happenings).
FIBER-OPTIC FIRM STILL PLANS MOVE.
BRIEFLY: SHORT-TERM T-BILL RATES HIT HIGH NOTE.
PURCHASE PRICE RISING FOR ASCEND.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters