news digest ♦ Telecoms
The acquisition agreements provide for the purchase of the Lapis Semiconductor OCU business, together with a portfolio of more than 150 patents and patents applications, its campus and high speed semiconductor and laser and detector fabrication facility.
Payments will be made in Japanese Yen. Following completion of the transaction, NeoPhotonics intends to combine and operate the business as NeoPhotonics Semiconductor GK in its current location near Tokyo, Japan.
The Lapis Semiconductor OCU business is a high speed semiconductor and high speed laser and photodetector devices for communications networks.
OCU was an early innovator in high speed optoelectronics and the business today is among the leading producers of both analog electronic ICs and photonic solutions for the current generation of 100G modules used in accelerating deployments.
The Lapis Semiconductor OCU business unit is not a standalone company. Lapis says OCU had a revenue of approximately $45 million for the first nine months ended September 30th, 2012. For the same period, approximately 30 percent of revenue attributable to OCU was from network equipment manufacturers that are also customers of NeoPhotonics. This is approximately 6 percent of revenue attributable to OCU from NeoPhotonics, and the remainder attributable to OCU was from other optical module manufacturers and test and measurement customers.
The board of directors of each company has approved the transaction. The parties expect the transaction to close in the second quarter or sooner. Completion of the transaction is subject to various customary closing conditions.
JDSU executives restructure
The firm has promoted Rex Jackson as executive VP and CFO and appointed Susan Spradley as SVP and GM of the Communications Test and Measurement Business segment
JDSU has appointed Rex Jackson as executive 120
www.compoundsemiconductor.net January/February 2013
vice president and chief financial officer, and Susan Spradley as senior vice president.
Spradley will have the responsibility of developing and managing of the company’s communications test and measurement product portfolio.
Jackson reports to Tom Waechter, JDSU’s president and chief executive officer, and has served as acting CFO since September 2012.
He joined JDSU two years ago as senior vice president, Business Services, with responsibility for several corporate functions, including Information Technology, where he has driven significant operational improvements. Jackson brings strong financial management experience to the company.
Prior to JDSU, Jackson served as executive vice president and chief financial officer at Symyx Technologies, where he led the company’s acquisition of MDL Information Systems and subsequent merger with Accelrys. Jackson also served as acting CFO at Synopsys and held executive positions with Avago, AdForce and Read- Rite.
“Rex’s strong performance as acting CFO and his deep knowledge of the company’s strategy to drive profitable growth - combined with his prior experience as a public company CFO - make him an excellent choice for this key leadership position,” said Waechter.
Susan Spradley joins JDSU as senior vice president and general manager of the Communications Test and Measurement (CommTest) business segment. Reporting to David Heard, CommTest’s president, she is responsible for the development and management of the communications test product portfolio, including instruments, probes, software applications and service assurance solutions.
Spradley brings more than 20 years of telecommunications industry experience to JDSU, serving in executive positions at Nokia Siemens Networks and Nortel. Spradley was appointed by the President of the United States to serve on the National Security Telecommunications Advisory Committee and is chair of a White House and National Science Foundation initiative, called U.S. Ignite, to promote U.S. leadership in developing applications and services for broadband and
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180 |
Page 181 |
Page 182 |
Page 183 |
Page 184 |
Page 185 |
Page 186 |
Page 187 |
Page 188 |
Page 189 |
Page 190 |
Page 191 |
Page 192 |
Page 193 |
Page 194 |
Page 195 |
Page 196 |
Page 197 |
Page 198 |
Page 199 |
Page 200 |
Page 201 |
Page 202 |
Page 203 |
Page 204 |
Page 205 |
Page 206 |
Page 207 |
Page 208 |
Page 209 |
Page 210 |
Page 211 |
Page 212 |
Page 213 |
Page 214 |
Page 215 |
Page 216 |
Page 217 |
Page 218 |
Page 219 |
Page 220 |
Page 221 |
Page 222 |
Page 223 |
Page 224 |
Page 225 |
Page 226 |
Page 227 |
Page 228 |
Page 229 |
Page 230 |
Page 231 |
Page 232 |
Page 233