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January 2, 2002 — (WEB HOST INDUSTRY REVIEW) — JDS Uniphase Corporation (jdsu.com) today announced that it
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has completed its previously announced acquisition of the optical
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transceiver business of IBM Corporation (ibm.com). The company paid IBM $100
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million in cash and 26.9 million shares of JDS Uniphase common stock in the
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transaction. Additional payments of up to $85 million in cash or stock may
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be made in early 2003, based on the financial performance of the acquired
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business.
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JDS Uniphase is a technology company that designs, develops, manufactures
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and sells a range of products for fiberoptic communications applications.
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These products are deployed by system manufacturers to develop advanced
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optical networks for the telecommunications and cable television industries.
