DIGL Buys Tektronix Test Line

CLEARWATER, Fla. -- Digital Lightwave(R), Inc. (Nasdaq:DIGL), a leading provider of networking solutions, today announced that it has entered into a definitive agreement to acquire the optical transmission test product line of Tektronix, Inc. (NYSE:TEK) for $10 million in cash. This product line is principally comprised of Tektronix's Optical Test System (OTS) Product Family.Under the terms of the agreement, Digital Lightwave will purchase inventory, fixed assets and certain intangible assets, as well as assume certain liabilities, which include customer warranty and employee-related obligations. In addition, Digital Lightwave intends to offer employment opportunities to approximately 45 skilled engineering and marketing professionals currently with Tektronix at the Chelmsford, Mass. facility. Subject to customary closing conditions, the transaction is expected to close in early November 2002.Tektronix's OTS Product Family will provide an anchor product line with an existing revenue stream and worldwide customer base within Digital Lightwave's Network Equipment Test and Measurement Division."This agreement with Tektronix marks a significant step in our strategy to continue broadening our suite of test and measurement solutions with industry-leading products," said Jim Green, president and chief executive officer of Digital Lightwave. "We believe that the acquisition will further extend our technology leadership position through the addition of optical jitter and wander measurement technology -- which is key to further penetration of international markets -- while providing opportunities to leverage the existing OTS customer base for sales of other complementary products. Furthermore, the addition of Tektronix's highly skilled engineering talent to our research and development team will help us to expand our competitive lead through future product offerings."In a separate release:BEAVERTON, Ore. -- Tektronix, Inc. (NYSE: TEK - News), today announced it has signed an agreement to sell a family of products and certain other related assets within its optical test portfolio to Digital Lightwave®, Inc. (Nasdaq: DIGL - News), a leading provider of networking solutions.Under terms of the agreement, Tektronix will sell its optical transmission test (OTS) product family (OTS9000, OTS9010, OTS9040, OTS9100 Series, OTS9200 Series and OTS9300 Series) for $10 million in cash and transfer the lease on its manufacturing facility based in Chelmsford, Mass. With the sale of the OTS Product Family, Tektronix is strategically aligning its resources and refining its optical strategy to best meet the needs of its customers, specifically in research and development applications for the optical test market.Digital Lightwave Inc.Tektronix Inc.