Ciena to acquire 2 telecom firms in stock deals

Article Abstract:

Ciena Corp. is to acquire two telecommunications equipment companies for about $980 million in stock. The two corporations are Lightera Networks Inc. and Omnia Communications Inc. It seems that this acquisition is reflective of the surge of acquisitions that have been occurring lately in this market. Also, Ciena Corp. will now have a wider range of technologies in order to become a leader in making fibre optic networks.

Telecommunications industry, Communications industry, Lightera Networks Inc., Omnia Communications Inc.

---

Alcatel to acquire Xylan for $2 billion; tender offer at $37 a share planned, as French firm expects a second deal

Article Abstract:

Xylan Corp. of Calabasas, Calif., is the latest Alcatel acquisition, for $2 billion, but it's not the last. The French firm is planning another such announcement in just one week. It is all to boost its U.S. share of the burgeoning high speed data communications industry. The Xylan acquisition will allow Alcatel to have its own products to sell rather than reselling competitors' products.

Comment:

To acquire Xylan Corp. for U.S. expansion in data communications

Foreign operations, France, Telecommunications Equipment, Telecommunications systems, Abstract, Compagnie Financiere Alcatel, Data communications, Telecommunications transmission technologies, Xylan Corp., XYLN

---

Ciena to buy Cyras Systems for $2 billion

Article Abstract:

Cyras Systems Inc. is to be acquired by Ciena Corp. for $2 billion in stocks. Due to the merger, Ciena reports that is forecast of earnings for 2001 will be less than previously expected.

Cyras Systems

Similar abstracts:

• Abstracts: Mondavi: the wine, the firm, and the face. Martell aims for the sultry side of spirit. Robert Mondavi makes big splash with television ads
• Abstracts: Banks struggle with the needs of e-commerce. All-rounder embraces high-tech goals. Let the e-commerce commence, say the banks
• Abstracts: At 21, CNN experiences an identity crisis. Slim selection is seen for takeover targets. A 'gray' agency's new chiefs seek color
• Abstracts: NAFTA Round-UP. NAFTA round-up

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.