January 18, 2000 |
JDS Uniphase Corp., the world's No. 1 maker of fiber-optic equipment parts, agreed to buy rival E-Tek Dynamics Inc. for $15 billion in stock to alleviate shortages in capacity and make new products faster. JDS Uniphase would exchange 1.1 shares of its stock for each share of E-Tek. That values E-Tek stock at $211.40 a share, 56% more than its closing price Friday. Both companies are based in San Jose.
May 19, 2000 |
JDS Uniphase Corp. Chief Executive and Chairman Kevin Kalkhoven, a key architect in building the world's No. 1 supplier of parts for fiber-optic telecom equipment, said Thursday he has retired to pursue a slower pace. The company named Jozef Straus, president and chief operating officer, to succeed Kalkhoven, who said he would advise Straus on a part-time basis until the close of fiscal 2001. "I'm a little bit burned out," Kalkhoven, 55, said in an interview.