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Bookham Buys Avalon Photonics

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SAN JOSE, Calif., March 3, 2006 -- Optical component maker Bookham Inc. announced yesterday that it is acquiring Avalon Photonics, a Zurich, Switzerland-based supplier of single-mode and multimode vertical-cavity surface-emitting laser (VCSEL) chips, for approximately $5.5 million in Bookham stock. Under terms of the deal, Bookham will exchange approximately 765,000 shares of its common stock valued at $5.5 million, with the potential for an additional 348,000 shares to be exchanged if Avalon meets performance goals over the next two years. The transaction, which is expected to close this...Read full article

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    Published: March 2006
    Glossary
    optical
    Pertaining to optics and the phenomena of light.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    AnaniaarraysAvalonBookhamchipsCommunicationsdatacomdefenseindustrialNews & FeaturesopticalphotonicssensingtelecommunicationstransactionVCSEL

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