Happiness may be a warm puppy, but it's also getting Joe Kernan's attention.
I walked in the door, turned on CNBC and hit it just perfect. Thank you, Joe!!
I also notice SDL's supply contract with JDSU has been extended. I like the "more than doubles" part.
SDL AND JDS UNIPHASE EXTEND SUPPLY CONTRACT THROUGH 2001
San Jose, California and Nepean, Ontario - May 30, 2000--
SDL, Inc. (Nasdaq: SDLI) and JDS Uniphase (Nasdaq: JDSU; TSE: JDU) announced an extension to their contract through 2001 under which SDL supplies grating-stabilized 980 nm pump lasers to JDS Uniphase for JDS Uniphase's high-performance erbium doped fiber amplifiers (EDFAs). The contract extension more than doubles the base quantities which were agreed upon in the previous contract.
The SDL grating-stabilized pump laser product line features high power and excellent reliability required for high-performance EDFA designs. With dense wavelength division multimplexing (DWDM) channel counts rising to meet network demand for more bandwidth, SDL's high performance, grating-stabilized pumps are optimized and fully qualified to meet the technical requirements of JDS Uniphase's EDFAs.
JDS Uniphase is a leading supplier of high performance EDFAs, the optical amplifiers essential to the operation of high capacity, high-speed DWDM telecommunications networks. Rapidly growing demand for DWDM-based bandwidth has created a corresponding increase in demand for high performance optical amplifiers and pump lasers.
"This agreement demonstrates the significant value that SDL pumps deliver to leading manufacturers of EDFAs," said Donald R. Scifres, CEO and chairman of SDL, Inc. "SDL has been a leader in developing high power, high-reliability diode lasers for more than 15 years. Our production capability of both the laser diode chips and the modules that house them is among the largest in the industry. We are ramping to meet the expected demand for pumps in both terrestrial and undersea telecommunications systems."
Scifres continued, "The move to higher channel count systems requires more pump laser power, without sacrificing reliability. SDL's pump laser technology is field-proven with more than 500 million device hours of operation. We are pleased to continue our relationship with JDS Uniphase and look forward to meeting their demand for increasing quantities of our high performance pump lasers."
Jozef Straus, Co-Chairman and CEO of JDS Uniphase added, "We are pleased to have SDL as a supplier of 980 nm pump lasers based on the full range of power levels offered with grating stabilization. SDL has been an excellent supplier to us for many years. As we grow to meet market requirements for amplifiers with increased functionality, we look forward to continuing this relationship with SDL as a supplier of highly reliable pump lasers with consistent performance."
Other mentions:
May 30, 2000 10:52
Thomas Weisel Upgrades SDL Inc. To Strong Buy From Buy (SDLI)
(NewsTraders.com)--Reacting to upward guidance announced Friday by management at SDL Inc. (SDLI) pertaining to June's quarterly revenue numbers, Thomas Weisel Partners analyst Max Schuetz today upgraded the stock to "strong buy" from "buy."
Schuetz believes three dominant catalysts have propelled the company, including robust demand, yield improvement and the pending acquisition of Photonic Integration Research Inc.
The analyst raised his second-quarter EPS and revenue estimates to $0.31 and $104.7 million from $0.25 and $91.0 million, respectively.
In addition, Schuetz lifted his EPS and revenue numbers for all of 2000, raising them to $1.21 and $449.1 million from $1.02 and $377 million, respectively.
Shares of San Jose, Calif.-based SDL, which provides solutions for the optical communications and related markets, recently bolted $26.25 to $224.00, most likely on news today that it has extended its contract with optical darling JDS Uniphase (JDSU).
Copyright 2000 NewsTraders Inc. All Rights Reserved 11:48 Tuesday, May 30, 2000
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May 30, 2000 13:31
Warburg Dillon Read Analyst to Interview On RadioWallStreet.com
PHILADELPHIA--(BUSINESS WIRE)--May 30, 2000--Today, on RadioWallStreet.com, UBS Warburg Analyst, Nikos Theodosopoulos, will discuss quarterly earnings results for SDL, Inc. (NASDAQ: SDLI) and SDL's supply contract extension with JDS Uniphase Corporation (NASDAQ: JDSU).
Lucent Technologies, Inc. (NASDAQ: LU) possible acquisition of Chromatis Networks, Inc. will also be discussed. This event will be broadcast Tuesday, May 30, 2000 at 2:30 PM ET.
To access this RadioWallStreet.com broadcast, investors should go to radiowallstreet.com. It may be necessary for first time visitors to RadioWallStreet.com to go to the site to download and install any necessary audio software. There is no charge to access any event.
If you are viewing this release after the day of the event go to radiowallstreet.com.
Questions for this RadioWallStreet.com event may be submitted in advance by e-mailing greg@radiowallstreet.com. Please reference date and time of the interview in the Subject of the e-mail.
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