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Divide and conquer: JDSU names post-split companies


JDSU has taken an important step towards the separation of its business into two independent and publicly- traded companies – by filing a Form 10 registration document with the US Securities and Exchange Commission (SEC). JDSU also revealed the names of


both future companies – Viavi and Lumentum. The Form 10 provides a detailed


outline of the company that is expected to spin off and the process to be followed. Once approved by the SEC, and pending final approval by JDSU’s board of directors, the two entities will have clearance to legally separate. After the separation, current JDSU stockholders will own shares in both corporations. The communications test


business, previously referred to as NewCo, will be named Viavi Solutions. JDSU says the name is derived from the word ‘via’, meaning way and ‘vision’. The test business will continue its


evolution to a more software-centric focus as telecom vendors embrace software-defined networking (SDN). Viavi will also include the optical security business, which provides


anti-counterfeiting products. Tom Waechter, who became president and CEO of JDSU in 2009, will continue on to lead Viavi. The Communications and


Commercial Optical Products (CCOP) business, until now referred to as SpinCo, will be called Lumentum. Lumentum will address the


telecom market with its optical components and subsystems while pursuing opportunities in datacom driven by cloud networking and data centre build-outs. The commercial lasers and 3D sensing businesses will also be part of Lumentum. Alan Lowe will lead Lumentum as its CEO, having been president of the CCOP business segment at JDSU since 2008. ‘The creation of new brands and


the Form 10 filing are important milestones as we move toward separation,’ said Waechter. ‘We are creating two unique brands – both representing well-established expertise and market leadership – and positioning them with greater customer focus and agility.’ The separation is on target for


completion by September 2015, the company says. Until then JDSU insists that it is business as usual.


THE ORIGINAL PUSH-PULL CONNECTOR


More than 75'000 connector combinations


Avago to acquire storage networking specialist Emulex


Avago Technologies has agreed to buy Emulex, which makes products for storage networking, in an all-cash transaction valued at $606 million plus debt, bringing the total amount payable to around $609 million (€544 million). ‘Emulex is very complementary to


Avago’s enterprise storage businesses and aligns very well with the Avago business model,’ said Hock Tan, president and CEO of Avago. ‘We expect this transaction to allow us to offer one of the broadest suites of silicon and software storage solutions to the enterprise and data centre markets.’ He points to the fact that Emulex is considered to be a leading supplier of


Fibre Channel and related products, selling primarily into the same server and enterprise storage manufacturers that Avago currently serves with its SAS rate and PCI Express switching and fibre-optic products. ‘We are very big in enterprise


storage as you know, particularly after our integration,’ he said on the company’s earnings conference call, referring to the recent multi-billion dollar acquisition of semiconductor company LSI which closed less than a year ago. He continued: ‘It’s a very logical and strategic next step for us to add Fibre Channel and Fibre Channel over Ethernet into our suite of component solutions and software.’


The modular design of LEMO products provides more than 75'000 different combinations of connectors with a large choice of contact configurations:


Fibre optic High and low voltage Coaxial and triaxial Quadrax Thermocouple Fluidic and pneumatic Hybrid Custom solutions Cable assembly


LEMO SA - Switzerland


Phone: (+41 21) 695 16 00 Fax:


(+41 21) 695 16 02 info@lemo.com Contact your local partner on www.lemo.com


Issue 7 • Spring 2015 FIBRE SYSTEMS 7


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