One of Intel's optical components acquisitions loses two execs but doubles in size

January 25, 2002

1 Min Read
LightLogic Bulks Up Under Intel

NEWARK, Calif. – LightLogic has doubled its staff size to about 100 people and appears to be prospering since it was acquired by Intel Corp. (Nasdaq: INTC) in April 2001 for about $400 million (see Intel's 10-Gig Shopping Spree).

Its former CEO, John McGraw, and its former CFO, Greg Baldridge, have since left the company. Former LightLogic marketing VP, Gary Wiseman, who is now marketing director for Intel's optical platform division, says Intel's acquisitions over the past couple of years are helping it integrate more optical components and reduce manufacturing costs.

Intel acquired GIGA A/S in March 2000 for about $1.25 billion; and its April 2001 acquisitions of Cognet for $183 million and nSerial for $54 million were added to the company's 1999 acquisition of Level One Communications for $2.7 billion to form the bulk of its optical products group (OPG) (see Intel Still Seeking Startups).

Wiseman won't say who's buying Intel's OPG products – which include an assortment of 10-Gbit/s optoelectronic components and modules – but says it either has design wins or is working on design wins with all of the top twenty equipment makers. Competitors include Agere Systems (NYSE: AGR), Agilent Technologies Inc. (NYSE: A), JDS Uniphase Inc. (Nasdaq: JDSU; Toronto: JDU), and OpNext Inc.

Wiseman says his division is working on 40-Gbit/s components, but says there's not a business case for bringing anything to market just yet. Agilent CFO Tom Saponas made a similar remark at SuperNet on Wednesday: "We will see 40-Gbit/s networks in my lifetime, but I can't say exactly when."

— Phil Harvey, Senior Editor, Light Reading

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