Here are Tuesday’s top stories:
JDS Uniphase Corporation (NASDAQ:JDSU) acquires GenComm, a Korean producer of wireless infrastructure testing gear, for an unreported amount. The buyer already has a distribution arrangement with GenComm that brought $7.5 million in fiscal year 2012 revenue, and has attempted to reduce its exposure to a flat optical component market by reinforcing its telecom testing division, causing it to compete more often with suppliers such as Agilent Technologies, Inc. (NYSE:A) and Ixia (NASDAQ:XXIA).
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Google’s (NASDAQ:GOOG) recent pattern in purchasing and developing the mobile/local solutions it requires, as opposed to depending upon third parties, is exhibited in its acquisition of Frommer’s, says Larry Dignan. Apple may partners with Facebook, Yelp, and others, but Google has proprietary offerings that include Zagat, Google+, Google Wallet, and now Frommer’s. Ryan Kim believes that the purchase amounts to evidence that local and travel content are converging, which might be something that YELP and TRIP won’t like.
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