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Jds Uniphase Corp

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BUSINESS
April 21, 2005 | From Bloomberg News
JDS Uniphase Corp., the maker of parts for fiber-optic networks, said it would cut 850 jobs as the company consolidated its U.S. manufacturing. Production handled in Ewing, N.J., and Melbourne, Fla., would be shifted to the company's plant in Shenzhen, China, and to two manufacturing partners, the San Jose company said. Manufacturing at its Santa Rosa, Calif., plant also will be reduced, the company said.
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BUSINESS
September 2, 2005 | From Bloomberg News
JDS Uniphase Corp., the world's largest maker of parts for fiber-optic networks, posted a wider fourth-quarter loss after the company recorded a $53.7-million expense to write down goodwill. The loss widened to $145.7 million, or 10 cents a share, from $21.7 million, or 2 cents, a year earlier. Sales fell 2.1% to $170.9 million in the quarter ended June 30. The San Jose-based company delayed its results last month to complete an audit.
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BUSINESS
May 24, 2005 | From Bloomberg News
JDS Uniphase Corp., the world's largest maker of parts for fiber-optic networks, agreed to buy Acterna Inc. for $760 million to bolster its sales of testing and management products for cable and telephone providers. JDS Uniphase will pay $450 million in cash and $310 million of its shares for closely held Acterna, the San Jose-based company said. The deal would help JDS Uniphase Chief Executive Kevin Kennedy pare losses by courting a bigger roster of phone and cable companies.
BUSINESS
May 24, 2005 | From Bloomberg News
JDS Uniphase Corp., the world's largest maker of parts for fiber-optic networks, agreed to buy Acterna Inc. for $760 million to bolster its sales of testing and management products for cable and telephone providers. JDS Uniphase will pay $450 million in cash and $310 million of its shares for closely held Acterna, the San Jose-based company said. The deal would help JDS Uniphase Chief Executive Kevin Kennedy pare losses by courting a bigger roster of phone and cable companies.
BUSINESS
September 2, 2005 | From Bloomberg News
JDS Uniphase Corp., the world's largest maker of parts for fiber-optic networks, posted a wider fourth-quarter loss after the company recorded a $53.7-million expense to write down goodwill. The loss widened to $145.7 million, or 10 cents a share, from $21.7 million, or 2 cents, a year earlier. Sales fell 2.1% to $170.9 million in the quarter ended June 30. The San Jose-based company delayed its results last month to complete an audit.
BUSINESS
September 20, 2001 | Bloomberg News
JDS Uniphase Corp. restated its fiscal third- and fourth-quarter results to write down an added $5.3 billion in goodwill from acquisitions. The maker of fiber-optic parts has now written down $50.1 billion in goodwill and other intangible assets in the year ended June 30, leaving it with $7 billion on its books, according to regulatory filings. In July, JDS reported an annual loss of $50.6 billion, including write-downs.
BUSINESS
October 5, 1999 | Bloomberg News
JDS Uniphase Corp. has agreed to buy Epitaxx Inc. for $400 million in stock, as the No. 1 maker of fiber-optic equipment parts aims to supply more of the components used in phone and cable-TV networks. Epitaxx, based in Trenton, N.J., makes products that detect and receive laser pulses that carry information on glass fibers. JDS Uniphase supplies the lasers to equipment makers such as Lucent Technologies Inc. and Nortel Networks Corp.
BUSINESS
April 25, 2001 | SCOTT LANMAN, BLOOMBERG NEWS
JDS Uniphase Corp. will cut 5,000 jobs, or 20% of its work force, as the biggest maker of parts used in fiber-optic equipment closes plants because of a continuing decline in customer demand. The San Jose-based company lowered for the second time revenue and profit forecasts for the fourth quarter ending June 30, sending JDS' shares down as much as 15%.
BUSINESS
July 27, 2000 | From Reuters and Bloomberg News
White-hot demand for fiber-optics parts for high-speed networks helped JDS Uniphase Corp. post a higher-than-expected profit for its fiscal fourth quarter Wednesday. JDS, the world's largest supplier of components for fiber-optic networks, reported net income of $114 million, or 14 cents a share, up dramatically from $41 million, or 6 cents a share. Revenue nearly tripled to $524 million from $192 million.
BUSINESS
June 23, 2000 | Bloomberg News
JDS Uniphase Corp.'s $19.7-billion purchase of rival fiber-optic component maker E-Tek Dynamics Inc. won approval from federal antitrust authorities on condition the companies sell off supply contracts for a key part. Without the divestiture, the two San Jose companies would control 80% of the world's output of thin-film filters, a key component used to divide light in fiber-optic cables, the Justice Department said. On Nasdaq, JDS Uniphase dropped $3.94 to close at $125, and E-Tek fell $7.
BUSINESS
April 21, 2005 | From Bloomberg News
JDS Uniphase Corp., the maker of parts for fiber-optic networks, said it would cut 850 jobs as the company consolidated its U.S. manufacturing. Production handled in Ewing, N.J., and Melbourne, Fla., would be shifted to the company's plant in Shenzhen, China, and to two manufacturing partners, the San Jose company said. Manufacturing at its Santa Rosa, Calif., plant also will be reduced, the company said.
BUSINESS
December 20, 2001 | Bloomberg News
JDS Uniphase Corp. agreed to buy IBM Corp.'s optical-transceiver unit for as much as $425 million to add devices that package several components in a single module. JDS might pay an additional $85 million in cash or stock in 2003 if the business reaches certain undisclosed goals. The unit, whose parts are used in data storage and corporate networking gear, has 120 employees.
BUSINESS
December 11, 2001 | Associated Press
JDS Uniphase Corp., a leading maker of optical networking components, reaffirmed its gloomy fiscal second-quarter sales outlook and predicted more bad news. Sales for the three months ending Dec. 29 probably will be 10% to 15% below the $329 million reported in its fiscal first quarter, the company said. Analysts were expecting second-quarter sales of $286.4 million, or a 12.9% drop from the first-quarter numbers, according Thomson Financial/First Call.
BUSINESS
November 2, 2001 | Bloomberg News
A unit of Rockwell International Corp., the largest maker of factory automation equipment, settled a lawsuit with rival JDS Uniphase Corp. about a patent for coating computer chips. Rockwell, owner of a 1983 U.S. patent for a method of depositing a thin film on microchips using a vaporization process, accused JDS in federal court in Delaware last year of wrongly using the invention to make chip wafers.
BUSINESS
October 26, 2001 | Times Wire Reports
WorldCom Inc.'s third-quarter earnings declined 44% after sales dropped at the MCI Group consumer long-distance phone business and profit fell at the data and international unit. Consolidated net income at the No. 2 U.S. long-distance company slumped to $536 million from $951 million in the year-earlier period. Sales fell 11% to $8.97 billion from $10 billion. The year-ago quarter included WorldCom's interest in the Brazilian carrier Embratel.
BUSINESS
September 20, 2001 | Bloomberg News
JDS Uniphase Corp. restated its fiscal third- and fourth-quarter results to write down an added $5.3 billion in goodwill from acquisitions. The maker of fiber-optic parts has now written down $50.1 billion in goodwill and other intangible assets in the year ended June 30, leaving it with $7 billion on its books, according to regulatory filings. In July, JDS reported an annual loss of $50.6 billion, including write-downs.
BUSINESS
April 25, 2001 | SCOTT LANMAN, BLOOMBERG NEWS
JDS Uniphase Corp. will cut 5,000 jobs, or 20% of its work force, as the biggest maker of parts used in fiber-optic equipment closes plants because of a continuing decline in customer demand. The San Jose-based company lowered for the second time revenue and profit forecasts for the fourth quarter ending June 30, sending JDS' shares down as much as 15%.
BUSINESS
April 24, 2001 | From Reuters
Shares of JDS Uniphase Corp. fell in after-hours trading Monday after the company said it would announce key developments early today, which analysts speculated would involve the purchase of Lucent Technologies Inc.'s fiber-optic cable unit. Lucent, which is struggling with losses and heavy debt, said in March it was considering the sale of its Atlanta-based fiber-optic cable unit, which analysts said could be worth as much as $4 billion to $8 billion.
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