Industry Consolidation Will Occur
Number of optical players will shrink
- Hundreds entered the industry from 1997 - 2000
- More than $3.5 billion in VC funding
- Dozens have exited the industry or been consolidated in 2001
Opportunities abound for the patient acquirer
Strong balance sheet is essential !
- NUFO has $300 million in cash
Focused R&D to pursue “right” product opportunities
Strategic investments to strengthen current businesses (“inorganic growth”)