Finisar clarifies Apple investment, Apple COO discusses $1B fund's limits [Seeking Alpha]
FINISAR (FNSR)
Last finisar earnings: 9/4 04:01 pm
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Source: Seeking Alpha
Today, 2:28 PM Finisar clarifies Apple investment, Apple COO discusses $1B fund's limits Finisar (NASDAQ: FNSR ) releases a statement clarifying the $390M Apple (NASDAQ: AAPL ) investment announced this morning. ”Apple has not made a debt or equity investment in Finisar. The amount referred to by Apple represents anticipated future business between the companies over a period of time.” The Finisar funding was the second project from Apple’s $1B Advanced Manufacturing Fund, which previously invested $200M in Corning. Apple COO Jeff Williams tells CNBC that $1B isn’t the upper limit of the fund. Williams says the company isn’t “thinking in terms of a fund limit” but rather “where are the opportunities across the U.S. to help nurture companies that are making the advanced technology.” Finisar shares are . Previously: Apple invests $390M in Finisar (Dec. 13) Today, 2:28 PM | 3 Comments Today, 9:17 AM Premarket Loser
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