JDSU sees no slowdown...
Is anybody listening? Doubled up on my SDLI and PMCS yesterday.
Baton
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JDS sees no slowdown in spending
Fibre optics giant confident despite WorldCom comments
By Gareth Vaughan, FTMarketWatch
Last Update: 8:03 AM ET Nov 8, 2000
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LONDON (FTMW) - JDS Uniphase, the optical equipment giant, sees no slowdown in its customer's capital expenditure on fibre optic components despite comments from telecoms giant WorldCom (WCOM: news, msgs) that it would spend less next year, JDS's vice president and CFO said on Wednesday.
Speaking at a Merrill Lynch conference in London, Anthony Muller said JDS (JDSU: news, msgs) sees continued robust capital expenditure growth from its customers, at least in the fibre optic area.
"All the data we've seen points to a robust increase in the rate of spending on fibre optic equipment," Muller said.
Jerry Rawls, the president and CEO of Finisar Corp. (FNSR: news, msgs) , another fibre optic group, agreed.
"All of our customers (which include 3Com, Alcatel, Intel and IBM) are increasing their spending," Rawls said.
JDS is in the midst of acquiring SDL Inc. (SDLI: news, msgs) , in a deal that was announced back in July. JDS will exchange 3.8 of its shares for each SDL share in an acquisition initially valued at more than $40 billion.
Muller said the U.S. Securities and Exchange Commission (SEC) wouldn't be a factor in delaying the deal, which he said remains on track to close by the end of December.
British fibre optic chip maker Bookham Technology (BHM: news, msgs) said earlier on Wednesday it was also not seeing any signs of a slowdown, despite bearish comments recently from its major customer Nortel (NT: |
