Chipmaker Avago Technologies Ltd said it will purchase optical chip and component maker CyOptics Inc for about $400 million in cash.CyOptics had filed for an IPO in August 2011 but withdrew its plans in May 2012.The Breinigsville, Pennsylvania-based company, which makes indium phosphide-based lasers and photo-detectors, had net sales of about $210 million last year.CyOptics, whose components are used in optical transceivers, transponders and line cards, counts Ciena Corp, Finisar Corp, Huawei Technologies Co Ltd and Lockheed Martin Corp as customers, according to its 2011 IPO filing.
Ciena Corporation (Ciena) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic. Shares of CIEN remained unchanged at $16.40. In the past year, the shares have traded as low as $11.45 and as high as $18.39. On average, 3612950 shares of CIEN exchange hands on a given day and today's volume is recorded at 1500.
Finisar Corporation develops and provides fiber optic subsystems and network performance test systems which enable data communications over local area networks, or LANs, and storage area networks, or SANs. Shares of FNSR remained unchanged at $14.28. In the past year, the shares have traded as low as $10.95 and as high as $18.59. On average, 2845980 shares of FNSR exchange hands on a given day and today's volume is recorded at 300.
Lockheed Martin Corporation is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products. Shares of LMT remained unchanged at $95.98. In the past year, the shares have traded as low as $80.14 and as high as $96.59. On average, 2609120 shares of LMT exchange hands on a given day and today's volume is recorded at 0.
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