Billion Dollar Club

Buyer	Target	Valuation	Date
JDS Uniphase	SDL Inc.	$41 billion	Jul 00
Lucent Technologies	Ascend Communications	$20 billion	Jan 99
JDS Uniphase	E-TEK Dynamics	$15 billion	Jan 00
Nortel Networks	Bay Networks	$9.1 billion	Jun 98
Nortel Networks	Alteon WebSystems	$7.8 billion	Jul 00
Alcatel	Newbridge Networks	$7.1 billion	Feb 00
Cisco Systems	Cerent Corp.	$6.9 billion	Aug 99
Cisco Systems	ArrowPoint Communications	$5.7 billion	May 00
Lucent Technologies	Chromatis Networks	$4.5 billion	May 00
GEC/Marconi	FORE Systems	$4.5 billion	April 99
AMCC	MMC Networks	$4.5 billion	Aug 00
Alcatel	DSC Communications	$4.4 billion	Jun 98
Cisco Systems	StrataCom	$4 billion	Apr 96
Nortel Networks	Xros	$3.25 billion	Mar 00
Lucent Technologies	Ortel	$2.95 billion	Feb 00
Sycamore Networks	Sirocco Systems	$2.9 billion	June 00
JDS Uniphase	Optical Coating Laboratories	$2.8 billion	Nov 99
Nortel Networks	980 nanometer pump-laser chip subsidiary of JDS Uniphase	$2.5 billion	Feb 01
PMC-Sierra	Quantum Effect Devices	$2.3 billion	Jul 00
Intel	Level One Communications	$2.2 billion	Mar 99
GEC/Marconi	RELTEC	$2.1 billion	Mar 99
Nortel Networks	Clarify Inc	$2.1 billion	Oct 99
Cisco Systems	Pirelli Optical Systems	up to $2.15 billion	Dec 99
Broadcom	SiByte	$2.04 billion	Nov 00
Cisco Systems	GeoTel Communications	$2 billion	Apr 99
Alcatel	Xylan	$2 billion	Mar 99
Corning	NetOptix	$2 billion	Feb 00
SDL	Photonic Integration Research	$1.8 billion	May 00
Lucent Technologies	Excel Switching Corp.	$1.7 billion	Aug 99
Intel	DSP Communications	$1.6 billion	Oct 99
Spirent	Hekimian Laboratories	$1.6 billion	Nov 00
Siemens	Efficient Networks	$1.5 billion	Feb 01
Alcatel	Genesys Telecommunications Laboratories	$1.5 billion	Sep 99
Nortel Networks	CoreTek	$1.43 billion	Mar 00
Lucent Technologies	SpringTide Networks	$1.3 billion	Jul 00
Intel	GIGA A/S	$1.25 billion	Mar 00
Broadcom	New Port Communications	$1.4 billion	Aug 00
Broadcom	Silicon Spice	$1.2 billion	Aug 00