A Fiberoptic Stock That Can Get It Right

ONE OF THE MOST MEMORABLE dramas of the 1990s dot-com boom -- the combination of chip vendors JDS Fitel and Uniphase -- is returning to the stage, but with different corporate actors this time.

The sequel, however, may not be a farce, and it could actually have a happy ending for investors.

Finisar (ticker: FNSR), a maker of chips for the likes of Cisco Systems (CSCO), has an ambitious plan to be a one-stop shop for parts that go into the fiberoptic equipment that builds the world's data networks -- much as the fabled JDS Uniphase (JDSU) did at the ...