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Look at the largely stagnant automotive components business.
His successor, Mr. Kleisterlee, has held numerous positions within Philips, including running the company's components business in Asia.
He was the scion of a Stuttgart family whose auto components business prospered from its connections with Mercedes-Benz.
The price of acquiring Nortel's components business would have led to near-term declines in Corning earnings.
The optical components business has operations in Canberra, Australia; Jarfalla, Sweden; and Vadnais Heights and Shakopee in Minnesota.
The huge components business, which employs 47,000, will be jettisoned, as will the smaller copper-cable division.
Similar(10)
Fiat has confirmed that it is looking to sell its insurance and aerospace components businesses.
It also could provide insight for the company's varied components businesses.
The future of the components businesses of Nortel and Lucent adds an element of uncertainty, Mr. Kedersha said.
If the House separates the components, businesses could get behind some — but not all — of the piecemeal bills.
Corning, once linked with SDL, was in talks until last week with Nortel Networks about a possible merger of their optical components businesses.
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CEO of Professional Science Editing for Scientists @ prosciediting.com