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Article: JDS UNIPHASE TO ACQUIRE OPTICAL MEMS TECHNOLOGY LEADER CRONOS.

Article from:
PR Newswire
Article date:
April 4, 2000
Copyright

PR Newswire, London, April 4. This press release is transmitted on behalf of JDS Uniphase Corporation.

Nepean, Ontario and San Jose, California - JDS Uniphase Corporation (Nasdaq: JDSU and Toronto: JDU) today announced the signing of a definitive agreement to acquire Cronos Integrated Microsystems, Inc. for US Dollars 750 million payable in stock. Cronos, based in Research Triangle Park, North Carolina, is a pioneer and leading provider of optical MEMS (micro-electro-mechanical systems) devices to the telecommunications industry.

MEMS technology is expected to play a key role in a wide variety of future generations of optical components. Such components ...

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