Quickturn Design agrees to be acquired by Cadence in $253 million stock deal

Article Abstract:

Quickturn Design Systems Inc. is very pleased that it is to be acquired by nearby Cadence Design Systems Inc. The two San Jose firms make a better combination than Quickturn and Cadence rival Mentor Graphics would have. Mentor started showing interest in Quickturn in August 1998, but it is felt that many Quickturn employees would have been let go because of duplication. Cadence, a chip-design software maker, will buy Quickturn, maker of hardware systems that verify chip designs, for $253 million in stock.

Special industry machinery, not elsewhere classified, Semiconductor Machinery Manufacturing, Microprocessor Development Sys, Computer industry, Software, Computers, Digital computers, QKTN, Cadence Design Systems Inc., CDN, Microprocessor development systems, Cadence Design Systems Inc. Quickturn Div.

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Uniphase to merge with Canada's JDS in stock deal valued at $3.24 billion

Article Abstract:

Assuming regulatory approvals from both the US and Canada, JDS Uniphase will be the name of the merged Uniphase Corp. of San Jose, Calif., and JDS Fitel Inc. of Nepean, Ontario. In a $3.24 billion stock deal the two telecommunications-equipment components companies will make both passive and active components for such clients as Lucent Technologies and Furukawa Electric.

Comment:

New company formed with HQ in US and Canada

Canada, Organizational history, Radio & TV communications equipment, Other Communications Equipment Manufacturing, All Other Miscellaneous Electrical Equipment and Component Manufacturing, Lasers for Communications, Gas Lasers, Management, Telecommunications services industry, Telecommunications industry, Electronic components, Telecommunications equipment, Fiber optics industry, Lasers, JDS Uniphase, Circuit components, JDS FITEL Inc., Uniphase Corp., UNPH

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