Earlier today, someone from Canada googled "jdsu announcement exfo". Surprinsigly (well, not that much, indeed ;-), FiberGeneration went out as number one result on the first page (see here).
The interesting stuff is : JDSU and EXFO are two key players of the Telecoms Test & Measurement industry, EXFO being the #1 vendor on Optical Test gear. Guess what : EXFO is a canadian company.
Means that something is going on between the two rivals. Which wouldn't be surprising to me, provided that EXFO seems a bit isolated in the T&M field. Until now, we've got four major players : Agilent Technologies, JDSU, Anritsu, and Fluke+Tektronix, and a smaller yet leading one : EXFO. Not a sustainable position for the Quebec-based firm, as the market is booming again, thanks to massive FTTx rollouts all over the planet.
JDSU buying EXFO ? Quite an option for the earlier, who is made of a succession of M&As over the last 15 years or so : in the mid 90's Schlumberger T&M was sold to Wavetek, which merged a few years later with Wandel & Goltermann to form WWG, which got acquired by TTC/Dynatech to form Acterna back in 2000. Last, JDS-Uniphase bought Acterna in 2005, to form JDSU. The actual M&A' rythm of the T&M giant seems to beat on a 3 to 4-years timeframe : we are just in the right timing for the next one !