Warum steigt JDSU vorbörslich? o.T.

 

Ciena eyeing Lucent's fiber-optic unit?

On Instinet, shares of Ciena Corp. (CIEN: news, msgs, alerts) was 66 cents higher at $39.90. The fiber optic networker is reportedly interested in Lucent Technologies (LU: news, msgs, alerts) fiber-optic cable unit, which has lately received bids as low as $3 billion to $3.5 billion, Reuters reported, citing a source close to the situation.

Analysts had initially expected Lucent's fiber unit could fetch as much as $8 billion.

Meanwhile, Lucent tacked on 23 cents to $5.85 over Redibook.

Fellow fiber firm JDS Uniphase (JDSU: news, msgs, alerts) jumped 89 cents to $11.80.







Emily Church is London bureau chief of CBS.MarketWatch.com.
Tomi Kilgore is a reporter for CBS.MarketWatch.com.


 

08:51 ET SoundView on Opticals : -- Update -- Hearing from
                   sources at Wit SoundView that the firm did indeed upgrade Nortel
                   (NT 8.45) to BUY from Hold (see 8:10 comment), saying that recent
                   guidance reductions set the stage for gradual improvement. Upgraded
                   JDS Uniphase (JDSU 10.91) to STRONG BUY from Buy, saying
                   customer activity levels are unsustainably low and Sep qtr guidance
                   will prove too low. The firm also upgraded Optical Communications
                   (OCPI 10.56) to STRONG BUY from Buy, saying qtr is in-line