February 28, 2001 |
Amid slowing demand and growing competition, JDS Uniphase Corp., the world's No. 1 supplier of fiber-optic components, said Tuesday that it will cut 3,000 jobs, or 10% of its work force, mainly in the manufacturing of passive products that boost optical network capacity. JDS said it still plans to hire employees for its high-growth businesses but does not yet have any staffing estimates. The news sent the company's shares to a new 52-week low of $27.
February 7, 2001 |
JDS Uniphase Corp. got the long-awaited green light from the U.S. Justice Department Tuesday for its $18.3-billion acquisition of SDL Inc. after agreeing to sell a Swiss laser plant to Nortel Networks Corp. for up to $3 billion. The stock purchase of SDL--which was valued at $41 billion when announced last July amid a bullish market--further strengthens JDS' lead in the red-hot optical components sector. JDS is the world's No.
January 25, 2001 |
JDS Uniphase Corp., the biggest maker of fiber-optic components, said a shareholder vote on its proposed $22.5-billion acquisition of smaller rival SDL Inc. has been postponed because the Justice Department is reviewing a proposed remedy to antitrust concerns. Meanwhile, SDL said operating earnings more than tripled to $48.2 million, or 53 cents per share, from $12.8 million, or 17 cents, a year ago, exceeding forecasts of 49 cents, as revenue surged to $175.6 million from $58.7 million.
July 27, 2000 |
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.
April 5, 2000 |
Fiber-optic component giant JDS Uniphase Corp. continued its shopping spree, agreeing to pay $750 million in stock for Cronos Integrated Microsystems Inc. of Triangle Park, N.C. JDS Uniphase, the world's biggest supplier of parts for fiber-optic equipment in phone networks, said Cronos would give it a key piece of technology in the push toward all-optical networks. San Jose-based JDS said the transaction will not affect an antitrust review of its most recent deal, the planned $16.
April 3, 2000 |
U.S. antitrust regulators have asked JDS Uniphase Corp. and E-Tek Dynamics Inc. for more information on their proposed stock swap, which was valued at about $15 billion. Ottawa-based JDS, the world's largest supplier of components for fiber-optic networks, and E-Tek said they had received a request Friday for additional information and other documents on their proposed merger from the Antitrust Division of the U.S. Justice Department under the Hart-Scott-Rodino Antitrust Improvements Act.
March 22, 2000 |
Antitrust enforcers are questioning whether JDS Uniphase Corp.'s proposed $19.7-billion acquisition of E-Tek Dynamics Inc. would hurt competition in the expanding market for fiber-optic components, people familiar with the government's review say. JDS Uniphase is "fully cooperating with the Justice Department and providing them with whatever information they require to evaluate the transaction," a spokesman said. JDS Uniphase closed up $5.63 at $127, while E-Tek fell $8.
March 13, 2000 |
Friday was just an average day for JDS Uniphase Corp. While the Nasdaq composite index rose a hair, the company's stock jumped $3.50 to close at $276, boosting its market value to a stunning $98 billion. In the last year, JDS Uniphase's stock has soared by more than 1,100%--a faster climb than even Irvine communications chip maker Broadcom Corp., the better-known gazelle that is among high tech's superstars.
February 24, 2000 |
JDS Uniphase Corp. (JDSU) jumped 10% on Wednesday after Lehman Bros. Inc. said it's buying the stock of the world's biggest maker of parts for fiber-optic communications networks. The San Jose-based company's shares leaped $20.75 to close at $235.50 on Nasdaq. The stock has climbed almost tenfold in the last 12 months. Jeffrey Applegate, Lehman's chief investment strategist, wrote that the firm is buying JDS Uniphase shares as a shift in its U.S. strategy portfolio.