Business News

JDSU fiscal 2012 second quarter exceeds management’s expectations

JDSU (NASDAQ: JDSU) (TSX: JDU) reported results for its second fiscal quarter pf 2012 ended December 31, 2011 that management said exceeded its expectations. But that doesn’t mean they...

PacketFront divests its CPE business

PacketFront, a provider of access network equipment, says it has sold its customer premises equipment (CPE) business unit to Dutch-based CPE specialist Genexis for an undisclosed sum. The transfer...

Leoni assumes full control of j-fiber

German fiber and cable maker Leoni reveals it purchased all the shares of fiber maker j-fiber GmbH at the end of last year. Leoni had acquired 51 percent of j-fiber, located in Jena, in...

Tellabs to restructure, cut 530 jobs

Tellabs Inc. (NASDAQ: TLAB) has initiated a restructuring that will see the company concentrate its efforts on mobile backhaul and packet optical transport systems. "In a climate of economic...

Inphi, NeoPhotonics collaborate on 100G modules

Inphi Corp. (NYSE: IPHI ), a provider of high-speed semiconductors, has partnered with NeoPhotonics Corp. (NYSE: NPTN) to develop 100G next-generation optical modules for high-density data center...

Oclaro weathers Thailand flooding in fiscal second quarter

As it had previously announced (see "Oclaro to beat guidance as it beats Thailand flooding"), Oclaro, Inc. (NASDAQ: OCLR) reported January 26 that it earned $86.5 million in revenue for...

Semtech to acquire Gennum

Semtech Corp. (NASDAQ: SMTC) says it will buy fellow analog and mixed-signal semiconductor developer Gennum Corp. (TSX:GND) for approximately CDN$500 million (approximately US$494 million)....

Huawei bolsters R&D with acquisition of CIP Technologies

Huawei Technologies Co Ltd. has acquired the photonics research laboratory, Centre for Integrated Photonics Ltd. (CIP), from the East of England Development Agency (EEDA) in the UK. CIP has a long...

Optelian buys Versawave Technologies with eye on 100 Gbps

Optical transport systems developer Optelian says it has acquired Versawave Technologies Inc. of British Columbia, Canada. Versawave makes high-bandwidth gallium arsenide-based optical modulators...

Mark Floyd new Cyan chairman

Packet-optical transport systems developer Cyan Inc. announced that present board member Mark Floyd has been named board chairman. A member of Cyan's board since early 2007, Floyd was most recently...