Reuters via Forbes.com is reporting that Alcatel, is planning to buy JDS Uniphase. That gets only one reaction from me: Huh! Only in May 2003, Alcatel after a disastrous foray in optical components universe decided to get rid of its Alcatel Optronics business and sold it to Avanex. This rumor is clearly the handiwork of some overzealous fund manager trying to liquidate his JDS position. JDS has recently hired Kevin Kennedy to fix its ailing businesses and is trying hard to expand beyond the traditional optical component markets. Ottawa Business Journal reports that, “many analysts consider such a merger a lame-brained idea, to put it politely.” Both companies have dismissed these rumors.