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March 12, 1997updated 05 Sep 2016 12:35pm


By CBR Staff Writer

Uniphase Corporation, a San Jose laser subsystems manufacturer, said it has reached an agreement with IBM to acquire the assets of the IBM Laser Enterprise, formerly part of IBM’s Zurich Laboratory. The business will operate as a wholly owned subsidiary of Uniphase, based in Zurich, and will continue manufacturing and marketing lasers for the telecommunications industry. The asset purchase is valued at $45m in cash and will result in a one-time charge for Uniphase in the current quarter.

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