SAN JOSE, Calif., May 18 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI)
announced today that in response to its March 31, 1999 announced Recommended
Offer for all of the share capital of United Kingdom-based IOC International
plc., SDL had, as of May 18, 1999, received valid tenders of more than
92.4 percent of the issued capital of IOC. As a result, on May 18, 1999, SDL
publicly announced in the United Kingdom that the offer was unconditional in
all respects. As a result, SDL now has the right to acquire 100 percent of
IOC's share capital. The closing of SDL's acquisition of IOC is thereby
deemed to have occurred on May 18.
IOC International's products include 2.5 Gbit/s and 10 Gbit/s modulators
and other lithium niobate products which are designed for use in long haul
fiber optic transmission systems.
SDL's products power the transmission of data, voice and Internet
information over fiber optic networks to meet the needs of telecommunications,
dense wavelength division multiplexing (DWDM), cable television and satellite
communications applications. They enable customers to meet the bandwidth
needs of increasing Internet, data, video and voice traffic by expanding their
fiber optic communications networks much more quickly and efficiently than
would be possible using conventional electronic and optical technologies.
SDL's optical products also serve a variety of non-communications
applications, including materials processing and printing. Additional
information about SDL, Inc. is available on the Internet at http://www.sdli.com.
SOURCE SDL, Inc.
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Related links:
http://www.sdli.com
CONTACT:
Donald R. Scifres, Chairman and CEO, or
Michael L. Foster, VP Finance and CFO, both of SDL, Inc.,
408-943-9411, or general info, Lisa Horn Chainey, investor info,
Kristi Larson, or media info, Scott Marx, all of the Financial
Relations Board, 415-986-1591
NOTE TO EDITORS: For more information on SDL, Inc. at no cost,
please call 800-PRO-INFO (U.S.) or 908-544-2850 (Int'l), ticker
symbol SDLI.
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