- BlackBerry Storm vs. the iPhone
- Digg's Kevin Rose: "We have to do better"
- Blogger warns: "Nortel doesn't make it out alive"
- Financial quagmire bringing out the scammers
- Verizon plays with the wrong e-mail addresses
Newsletters | Podcasts | Chats | Opinions | RSS Feeds | This Week In Print | IT Careers | Community | Reports | Downloads | Slideshows | New Data Center
Partner Sites:Application Performance Solutions | App Performance | Networking Solution | SafeGuard Enterprise Solution Center | SOA | Test your Web Filter | Value of WDS
Intel shed more of its optical business assets on Thursday, selling the enterprise and storage assets of the unit to semiconductor company Emcore.
The technology Emcore will get from Intel includes optical transceivers and optical cable interconnects. The transaction is expected to close in the second quarter. Emcore will issue 3.7 million shares of restricted stock to Intel in exchange, with price adjustments at a later date.
Intel has slowly been selling off its optical business assets. Last year Emcore bought telecom-related assets from Intel's optical division, including technology related to tunable lasers and transponders from Intel's business unit.
The sale will allow Intel to focus its efforts on core assets in the communications and embedded market segments, Intel said. The company will also continue to focus on developing the USB (Universal Serial Bus) 3.0 specification, which will support optical and silicon photonics research and development.
Emcore, which is based in Albuquerque, New Mexico, estimated it will add US$45 million in revenue over the next 12 months as a result of the acquisition, the company said in a statement.
The acquisition comes just a few days after Emcore's board authorized a plan to separate the companies' fiber optics and photovoltaic businesses into separate corporations. Photovoltaic equipment, like solar power cells, converts light directly to electricity.
Partner Content
Explore the Ultrium Edge
The powerful tape technology can address data security with tape encryption as well as long term data protection.
Find out more
Disk and Tape Square Off
Discover what disk and tape really cost -- and which solution provides lower total cost of ownership and optimizes energy use for your organization
Download the White Paper
Don't Fall For The Myths
The Clipper Group explores the truth behind the myths of tape, digging into the misconceptions in the disk vs. tape debate.
Download the White Paper
Will You Add Tape Too?
Over two thirds of disk-only users look to add tape back into storage infrastructure according to recent survey.
Download Survey Information
Comment