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JDS Uniphase seals $340m IBM deal

Hard cash does the job...
Written by Heather McLean, Contributor

Hard cash does the job...

Fibre optic manufacturer JDS Uniphase has sealed an agreement set before Christmas to purchase IBM's optical transceiver unit for $340m in cash and stock. The completed deal includes an additional clause for up to another $85m in stock or cash to be paid this time next year depending on the division's future profits. JDS Uniphase gathered a mere $100m in hard cash plus $26.9m in shares of common stock that went up by 8 cents in early trading following the announcement. JDS Uniphase is using the purchase to take it beyond its current telco market and into data communications.
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