Alcatel-Lucent (ALU) Makes Optics Acquisition Amid Job Cuts, Lost Sales
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Alcatel Lucent SA (NYSE: ALU) is trading higher on the session amid the network equipment provider making a new acquisition in the optical segment recently.
According to LightReading, Alcatel acquired Capella Photonics late last year. Capella is a specialist in wavelength selective switch (WSS), making products for optical cross connects as well as ROADMs (reconfigurable optical add/drop multiplexers).
Though it was a smaller acquisition, it cam as Alcatel announced new job cuts and saw a 17.5 percent drop in revs for its Optics unit.
Another key player in the optics segment that traders will be eying is Finisar Corp (Nasdaq: FNSR).
According to LightReading, Alcatel acquired Capella Photonics late last year. Capella is a specialist in wavelength selective switch (WSS), making products for optical cross connects as well as ROADMs (reconfigurable optical add/drop multiplexers).
Though it was a smaller acquisition, it cam as Alcatel announced new job cuts and saw a 17.5 percent drop in revs for its Optics unit.
Another key player in the optics segment that traders will be eying is Finisar Corp (Nasdaq: FNSR).
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