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Strategies & Market Trends : Trend Setters and Range Riders
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To: bobby is sleepless in seattle who started this subject2/13/2001 6:49:17 PM
From: bobby is sleepless in seattle   of 5732
 
JDS Uniphase Sees Weaker Third Quarter

TORONTO (Reuters) - JDS Uniphase (Toronto:JDU.TO - news)
(NasdaqNM:JDSU - news), the world's top supplier of fiber-optic
components, lowered its third-quarter earnings guidance slightly on Tuesday
but said 2002 revenues should fall in the range of $6 billion.

The company warned that earnings for the third quarter would fall short of
Wall Street expectations by some 19 percent, reflecting the weakening
economy and its merger with SDL Inc., which was completed on Tuesday.

The company expects to post sales of about $1 billion in the quarter -- a
number in line with consensus forecasts -- but warned of ``continued
uncertainty'' in capital spending plans by telecommunications carriers and
customer inventory adjustments.

And while ``it's still too early'' to predict earnings for 2002 with a high level of confidence, sales should fall in
the range of $6 billion, said JDS Uniphase chief financial officer Tony Miller in a conference call with analysts.

``At the end of our second quarter we said the near term prospects were affected by uncertain capital
spending. These conditions remain as they were, or may have become somewhat less favorable,'' said Miller.

JDS Uniphase (NasdaqNM:SDLI - news), said it would post earnings per share of 17 cents for the quarter
ending March 31. Analysts on average had forecast earnings of 21 cents a share, according to First
Call/Thomson Financial.

The company said it is experiencing ``a lower level of near-term sales visibility'' than it has in recent quarters.
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