Sentence examples for fiber optics unit from inspiring English sources
The Furukawa Electric Company, Japan's top maker of fiber optic parts, said yesterday that it had sealed a deal to buy Lucent Technologies' fiber optics unit for $2.3 billion, about $225 million less than first agreed.
A spokeswoman for Lucent said the company would complete a sale of the fiber optics unit in time for the Agere spinoff.
Corning had been negotiating to do so by acquiring Nortel Networks' fiber optics unit, which would have vaulted Corning into a strong No. 2 position behind JDS Uniphase as a supplier of such goods.
Nortel Networks reiterated its view of narrower loss in the second quarter, even as it announced plans for 3,500 more job cuts and the sale of its once-proud fiber optics unit.
Alcatel, which pulls in 23% of its revenue from the U.S., would get a good price for the cash-strapped Lucent and greater market share here, as well as gain Lucent's fiber optics unit, but the costs involved in such a large-scale integration far outweigh the benefits, analysts say.
Alcatel is among the bidders for Lucent's fiber-optics unit, so why not buy the rest of Lucent too?
JDS Uniphase investors cringed today at a report that Furukawa Electric may sell its remaining JDS stake so it can buy Lucent Technologies ' fiber-optics unit.
Burdened by a crushing debt load, it took Agere public at a bargain-basement price, and now presumably is being lowballed by potential buyers of its fiber-optics unit.
Lucent's chairman, Henry Schacht Henry Schacht, may be distracted by all the other deals Lucent is working on, such as selling off its fiber-optics unit and completing the spinoff of its Agere microelectronics unit.
Nortel Networks reiterated its view of a narrower loss in the second quarter, even as it announced plans for 3,500 more job cuts and the sale of its once-proud fiber-optics unit.
Wilkinson said most of those laid off are engineering and production workers mainly in the fiber-optics unit, part of the slumping telecommunications industry.
