May 19, 2000 |
JDS Uniphase Corp. Chief Executive and Chairman Kevin Kalkhoven, a key architect in building the world's No. 1 supplier of parts for fiber-optic telecom equipment, said Thursday he has retired to pursue a slower pace. The company named Jozef Straus, president and chief operating officer, to succeed Kalkhoven, who said he would advise Straus on a part-time basis until the close of fiscal 2001. "I'm a little bit burned out," Kalkhoven, 55, said in an interview.
July 11, 2000 |
In the largest high-tech deal ever, optical-network leader JDS Uniphase said Monday that it agreed to acquire optical-component supplier SDL Inc. for $41 billion in stock. If completed, the buyout would create a technology titan on the strength of the fast-growing market for high-speed networks that send data on light impulses over hair-thin glass fibers.
December 28, 1999 |
The decade of the tech stock? Now there's an understatement. The hottest stocks of the 1990s are virtually an all-tech affair, as a list of the top performers compiled for The Times by Ned Davis Research shows. Just look at Dell Computer Corp.'s decade-leading 91,863% rise, as measured from its closing stock price on the last trading day of 1989 through Thursday. That means a $5,000 investment in the personal computer maker at the start of the '90s would be worth more than $4.5 million today.
April 21, 2005 |
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.
June 23, 2000 |
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.
February 16, 2000 |
Lucent Technologies Inc. said it plans to spend $30 million to hire at least 500 people and quadruple production of parts used in fiber-optic gear. The expansion will bring some production on line next month and be completed this year. Lucent is building a third plant at its optoelectronics campus in Breinigsville, Pa., and spending $6 million to renovate another in Reading.