Market Commentary and Intraday News
JDS Uniphase acquires Arieso for $85M
628 days agoFREE Black Friday Webinar. Professional Traders Reveal:
Bill Costarides - A Better Way To Trade
Andrew Keene - The Best Candlestick Patterns For Improved Trading Profitability
John Seville - High Probability Breakout Trades Using Free Online Stock Screeners
Price Headley - Trade the Best Trends Across Multiple Time Frames
Hubert Senters - Trading Bonds In The Market
Click Here To Register
(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 This material may not be published, broadcast, rewritten or redistributed.