E-Tek Dynamics, Inc. designs, manufactures and packages passive components and modules for the fiber optic network industry. The company's public offering was completed in December 1998. The company's main customers are third party Original Equipment Manufacturers. The company has entered into a joint venture with a Taiwanese company (FibX Joint Venture) in order to set up a manufacturing base in Asia. The company acquired SMC Kaifa (Holdings) Ltd & Fibx during September 1999. The company's products are marketed through a network of domestic and international representatives and distributors. Exports of the company accounted for 42% of fiscal 1999 revenues. The company acquired ElectroPhotonics Corporation in fiscal 1999.