Ceramic Industry News

Corning Enters Optic Deal

May 11, 2000
/ Print / Reprints /
ShareMore
/ Text Size+
Corning Inc. has agreed to acquire optical filter maker NetOptix Corp. for roughly $2 billion in stock, significantly enhancing its ability to produce components that transmit multiple signals over a single communications line.

Corning has also formed a new equity venture with Korea’s Samsung Electronics to mass produce micro-optic products that expand the capacity of the Internet. The newly acquired NetOptix will supply thin film filters to that operation.

Company officials hope to close the NetOptix transaction during the second quarter of this year. Corning expects the merger to be “mildly” dilutive to the company’s 2000 earnings, and accretive next year and thereafter.

Roger Ackerman, Corning’s chairman and CEO, said he pursued the deal because the market for dense division multiplexing components (DWDM)—the devices that actually enable multiple wavelengths to be transmitted over a single fiber optic line—is expected to double this year alone. NetOptix’ filters are a critical component to those devices.

Corning, which says it developed the first fiber-optic cable more than 20 years ago, aims to capitalize on that growth through its new Samsung venture, called Samsung Corning Micro-Optics, which intends to automate the production of DWDM devices that are currently assembled manually.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px