Friday, December 7, 2018

Lumentum - Oclaro deal expected to close Dec 10

Lumentum confirmed that it has obtained antitrust clearance from the People's Republic of China's State Administration for Market Regulation concerning its pending acquisition of Oclaro.

Lumentum expects that the Oclaro acquisition will close on or around December 10, 2018.

Lumentum to acquire Oclaro for $1.8 billion

Lumentum agreed to acquire Oclaro for approximately $1.8 billion in cash and stock.

Under the deal, Oclaro stockholders will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro stock, representing a premium of 27% to Oclaro's closing price on March 9, 2018 and a premium of 40% to Oclaro's 30 day average closing price.  Oclaro stockholders are expected to own approximately 16% of the combined company at closing.

The combined company is expected to have annual revenue of $1.733 billion and an operating margin of 19%, prior to synergies from the combination.

Lumentum, which is based in Milpitas, California, supplies a range of optical components and subsystems for telecom, enterprise, and data center networking equipment. The company was created in 2015 as a split off from JDSU.

Oclaro supplies optical components and modules for the long-haul, metro and data center markets. The company is based in San Jose, California.

"Joining forces with Oclaro strengthens our product portfolio, broadens our revenue mix, and positions us strongly for the future needs of our customers.  Oclaro brings its leading Indium Phosphide laser and Photonic Integrated Circuit and coherent component and module capabilities to Lumentum.  The combined company will drive innovation faster and accelerate the development of products to enable our customers to win," said Alan Lowe, Lumentum's President and CEO.  "We are delighted to welcome the talented Oclaro team to Lumentum and look forward to a swift completion of the transaction with a focus on supporting our customers and delivering shareholder value."

Mellanox supplies RDMA over Ethernet 25 Gbps adapters to Alibaba

Mellanox Technologies confirmed that it is now shipping its RDMA over Ethernet (RoCE) 25Gbps ConnectX network adapters for deployment in Alibaba Infrastructure Services’ production network.

RDMA technology provides Remote Direct Memory Access from the memory of one host to the memory of another host without involving the operating system and CPU, therefore boosting network and host performance with low latency, low CPU load and high bandwidth.

Mellanox cites the following advantages for its ConnectX network adapters:

  • Sub 1us point-to-point latency
  • Close to zero CPU utilization at full wire speed
  • Scalability to thousands of nodes
  • Outstanding performance on all types of fabrics – from lossless to lossy
  • Ease of deployment through automation

“High performance network transport technology is critical for Alibaba to achieve the throughput and latency required by our services. We are excited to collaborate with Mellanox to deploy its RoCE technology into our infrastructure.” said Dennis Cai, Chief Architect of Network Infrastructure under Alibaba Infrastructure Services.

“Mellanox has pioneered RoCE technology and is now shipping its 7th generation of RoCE capable ConnectX network adapters,” said Amir Prescher, senior vice president of business development at Mellanox Technologies. “Alibaba’s successful large-scale deployment of ConnectX RoCE adapters confirms again that RoCE is a proven technology to accelerate the most demanding workloads in a cost-effective manner. We are thrilled to work with Alibaba to achieve this.”

Anritsu and Qualcomm complete 5G Standalone (SA) connection test

Anritsu and Qualcomm completed 5G Standalone (SA) connection testing between Anritsu's Radio Communication Test Station MT8000A and a mobile smartphone form-factor test device.

The testing included Qualcomm's 5G modem and antenna modules with integrated RF transceiver, RF front-end and antenna elements. The SA mode uses 5G NR technology to send and receive both data and control signalling between 5G base stations and mobile terminals. With commercial 5G NR SA services expected to start in China in 2019, there is increasing urgency to deliver a connection test environment supporting development of SA mobile terminals.

Earlier this year, the company completed joint integration testing of the 5G Non-Standalone (NSA) mode earlier this year.

Reliance Industries' acquisition of Radisys expected to close this week

Reliance Industries (RIL) is expected to complete its acquisitio of Radisys no later than December 14, 2018. Radisys said the companies are working to close the transaction as promptly as practicable on or before that date. In connection therewith, RIL also acknowledged that Radisys has satisfied all conditions to RIL’s obligations to close the transaction.

Reliance to acquire Radisys for approximately $67 million

Reliance Industries Limited agreed to acquire Radisys Corporation for US$1.72 per share in cash -- representing an enterprise value of about $67 million based on 39 million shares outstanding.

Radisys, which is based in Hillsboro, Oregon, has nearly 600 employees with an engineering team based out of Bangalore, India, and sales and support offices globally. Radisys delivers value to service providers and telecom equipment vendors by providing disruptive

The company supplies open-centric software, hardware and service capabilities to service providers and telecom equipment vendors.

  • Radisys was founded in 1987 by former Intel engineers Dave Budde and Glen Myers. The company completed its IPO in 1995.

Toshiba adds 12TB and 14TB drives for NAS

Toshiba America Electronic Components introduced 12TB and 14TB models to both its N300 NAS Hard Drive and X300 Performance Hard Drive series.

Both are 3.5-inch mechancial drives employing a helium-sealed design. They operate at 7,200rpm and come with an ultra-high 256MB data buffer. Toshiba said both the N300 NAS and X300 models use its advanced Stable Platter Technology to minimize vibrations by stabilizing the motor shaft at both ends for improved tracking accuracy and maximum performance during read and write operations.

The N300 NAS models include rotational vibration (RV) sensors and are made to deliver sustained data transfer speeds up to 260MB/s for 14TB or up to 253MB/s for 12TB. With support for up to 8HDD multi-RAID systems, the new N300 models are highly scalable to the users’ NAS configurations as their data storage needs evolve and large amounts of data need to be efficiently stored and accessed daily.

FCC releases Communications Marketplace data

The FCC released 581 pages of data indices for its Communications Marketplace Report.

The FCC said these appendices reflect updates to data received and processed after the release of the draft Communications Marketplace Report on November 21, 2018.

https://docs.fcc.gov/public/attachments/DOC-355405A1.pdf

Two items from the report



See also