Product category:
Optical Transceivers, Transponders and Repeaters
News Release from: Finisar Corp
Edited by the Electronicstalk Editorial
Team on 01 February 2005
Fibre-optic acquisition completed
Finisar has completed the acquisition of certain assets associated with the design, development and manufacture of optical transceiver products from Infineon's fibre optics business unit.
Finisar has completed the acquisition of certain assets associated with the design, development and manufacture of optical transceiver products from Infineon's fibre optics business unit, in exchange for the issuance of 34 million shares of Finisar common stock Immediately following the closing, the shares issued to Infineon represent approximately 13% of Finisar's outstanding common stock
Finisar's fourth quarter, ending 30th April 2005, will reflect a full quarter of operating results associated with making and selling these products.
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