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.
September 2, 2005 |
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.
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.
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.
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.