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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.
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BUSINESS
July 11, 2000 | CHARLES PILLER, TIMES STAFF WRITER
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.
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BUSINESS
January 29, 1999
San Jose-based Uniphase Corp. and Canada's JDS Fitel Inc. agreed to merge in a $3.2-billion stock swap, creating the biggest maker of parts for the fiber-optic equipment used in phone networks. Uniphase will pay 0.50855 share for each of JDS' 78.1 million shares, giving each company a 50% stake in JDS Uniphase.
BUSINESS
May 19, 2000 | ERIK SCHATZKER, BLOOMBERG NEWS
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.
BUSINESS
August 29, 1997 | Reuters
Uniphase Corp. stock jumped 13% after the laser equipment maker said it invested in a private Australian company that is working on a promising fiber-optics technology. Stock in San Jose-based Uniphase gained $8.19 to $69.44 in Nasdaq trading. The company said it agreed to buy a 49% stake in Sydney-based Indx, which is working on a technology called fiber-optic reflection filters for wavelength division multiplexing.
BUSINESS
May 19, 2000 | ERIK SCHATZKER, BLOOMBERG NEWS
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.
BUSINESS
July 11, 2000 | CHARLES PILLER, TIMES STAFF WRITER
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.
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
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
February 16, 2000 | Bloomberg News
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.
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
January 29, 1999
San Jose-based Uniphase Corp. and Canada's JDS Fitel Inc. agreed to merge in a $3.2-billion stock swap, creating the biggest maker of parts for the fiber-optic equipment used in phone networks. Uniphase will pay 0.50855 share for each of JDS' 78.1 million shares, giving each company a 50% stake in JDS Uniphase.
BUSINESS
August 29, 1997 | Reuters
Uniphase Corp. stock jumped 13% after the laser equipment maker said it invested in a private Australian company that is working on a promising fiber-optics technology. Stock in San Jose-based Uniphase gained $8.19 to $69.44 in Nasdaq trading. The company said it agreed to buy a 49% stake in Sydney-based Indx, which is working on a technology called fiber-optic reflection filters for wavelength division multiplexing.
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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