S&P 500
1994.99
-26.26 -1.32%
Dow Indu
17164.95
-251.90 -1.47%
Nasdaq
4632.33
-51.08 -1.10%
Crude Oil
48.24
+3.23 +6.75%
Gold
1283.660
+24.205 +1.89%
Euro
1.12775
-0.00535 -0.47%
US Dollar
94.857
+0.174 +0.22%
Strong

Market Commentary and Intraday News

JDS Uniphase acquires Arieso for $85M

693 days ago

Futures Market Traders... New Price Count Projection Indicator
As a user of INO.com, you have been selected to receive a free pdf of QT Price Count, a unique chart indicator that uses initial price movements on charts to project both upside and downside objectives. Price Counts are our proprietary study, so that odds are strong that you haven't seen this before.
Yes, please send me the PDF of Price Counts

(AP:MILPITAS, Calif.) JDS Uniphase Corp. said Friday it paid $85 million to acquire Arieso, a company that makes software that allows mobile network operators to improve network performance.

JDS Uniphase makes equipment for optical communications networks. It said it is paying cash for Arieso, which is based in the U.K. The company said Arieso had $27 million in contract bookings in 2012.

JDS Uniphase expects to take $1 million to $2 million in additional expenses in the current quarter as a result of the purchase.

Shares of JDS Uniphase rose 20 cents to $15.43 in afternoon trading.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.