Intel Acquires Tunable Laser Technology For Optical Communications From New Focus Inc. For $50 Million

SANTA CLARA, Calif., May 23, 2002 – Intel Corporation has purchased the network tunable laser business and technology from New Focus Inc. in a cash transaction valued at approximately $50 million. As part of the agreement, approximately 40 employees from New Focus have joined Intel. Intel will also license technology and supply certain products to New Focus. New Focus will use these capabilities to continue supplying products to the test and measurement market segments.

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