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JDS Uniphase seals $340m IBM deal
Hard cash does the job...
![zd-defaultauthor-heather-mclean.jpg](https://www.zdnet.com/a/img/resize/90e8e1d400ad5188b719bb7eede3050f78f1ca28/2014/12/04/f973e3d1-7b67-11e4-9a74-d4ae52e95e57/zd-defaultauthor-heather-mclean.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
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.