Wilcom, Inc., a maker optical fibre identifiers, has offered to buy Tii Network Technologies  Inc.,which makes networking products for telcos and cablecos. Headquarted inBelmont, N.H., privately-held Wilcom has suggested it would acquire allof the outstanding shares of TII common stock for $1 a share, a 47 percent premium. Last week Tii reported a net loss of US$232,000 forquarter ending March 31, compared to net income of US$151,000 for theyear ago period. It blamed the loss on the sharp downturn of theeconomy.  Net sales quarter were US$5,749,000 compared to US$8,851,000for the comparable prior year period, a decrease of 35 per cent. Wilcommakes DSL splitters, fiber optic test equipment, line treatmentproducts, optical wiring solutions and fiber optic jumpers. TII, basedin Long Island, N.Y., makes NIDs, gateways and home networkingproducts, overvoltage surge protection, and connectivity solutions forthe communications industry.

Would you recommend this article?

0
0
Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada


Related Download
Moving to the Cloud: Beyond the Myths Sponsor: Carbon60
Moving to the Cloud: Beyond the Myths
Get on the road to cloud success by moving past the myths around it.
Register Now
Uncategorized