JDS Uniphase and SDL Stockholders Approve Merger
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Post-Close Conference Call Scheduled
OTTAWA, Ontario and SAN JOSE, Calif., Feb. 12 /PRNewswire/ --
JDS Uniphase Corporation (Nasdaq: JDSU; Toronto: JDU) and
SDL, Inc. (Nasdaq: SDLI) announced today that their respective stockholders
have approved their previously announced merger. The companies expect the
merger to close shortly.
As previously announced, the merger has received antitrust clearance from
the Department of Justice, and now remains subject only to completion of JDS
Uniphase's pending sale of its Zurich subsidiary to Nortel Networks
Corporation.
After the expected closing, JDS Uniphase will host a conference call at
4:30 p.m. EST February 13, 2001 to discuss post-merger integration programs
and guidance for financial performance in future periods.
The call will be simultaneously webcast on the JDS Uniphase website at
www.jdsuniphase.com under Corporate Information / Investor Relations /
Webcasts & Presentations, and will be available as a replay for an extended
time.
For those who prefer to access the call by telephone, the dial-in number
is 212-896-6158. Callers can dial in 10 minutes before the scheduled start
time. There will be a recorded message and automated music hold until the
conference begins.
In addition, a telephonic replay will be available from 6:30 p.m. Eastern
Time February 13 through 6:30 p.m. Eastern Time February 16, 2001 at
800-633-8284 Domestic / 858-812-6440 International, access code 17954102.
Conference call services are provided by Global Crossing.
About JDS Uniphase
JDS Uniphase, headquartered in Ottawa, Ontario and San Jose, Calif., is a
high technology company that designs, develops, manufactures and distributes a
comprehensive range of products for the growing fiberoptic communications
market. These products are deployed by system manufacturers worldwide to
develop advanced optical networks for the telecommunications and cable
television industries. JDS Uniphase Corporation is traded on the Nasdaq
National Market under the symbol JDSU and the exchangeable shares of JDS
Uniphase Canada Ltd. are traded on The Toronto Stock Exchange under the symbol
JDU. More information on JDS Uniphase is available at www.jdsuniphase.com.
About SDL
SDL's products power the transmission of data, voice and Internet
information over fiber optic networks to meet the needs of telecommunications,
data transmission, dense wavelength division multiplexing (DWDM) and cable
television applications. They enable customers to meet the bandwidth needs of
increasing Internet, data, video and voice traffic by expanding their fiber
optic communications networks much more quickly and efficiently than would be
possible using conventional electronic and optical technologies. SDL's
optical products also serve a variety of non-communications applications,
including materials processing and printing. Additional information about
SDL, Inc. is available on the Internet at www.sdli.com.
The statements contained in this press release that are not purely
historical are forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. These statements may be identified by their use of forward-looking
terminology such as "expects" and similar words. Such forward-looking
statements include, but are not limited to, statements regarding the
likelihood and timing of the closing of the transactions described in this
press release and any implication as to the successful integration of SDL and
JDS Uniphase. Such forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those projected for
both companies. Risks and uncertainties that could cause actual results to
differ materially from such forward-looking statements include, but are not
limited to, the inability to timely resolve issues relative to the
transactions described in this press release as well as factors discussed from
time to time in reports filed by JDS Uniphase Corporation with the Securities
and Exchange Commission. The forward-looking statements contained in this
news release are made as of the date hereof and JDS Uniphase Corporation does
not assume any obligation to update the reasons why actual results could
differ materially from those projected in the forward-looking statements.
Copies of reports, proxy statements, and other information regarding JDS
Uniphase Corporation filed with the SEC are available from JDS Uniphase
Corporation free of charge. Requests for documents relating to JDS Uniphase
should be directed to JDS Uniphase Corporation, 210 Baypointe Parkway,
San Jose, CA 95134, Attention: Investor Relations (408-434-1800).
SOURCE JDS Uniphase Corporation
-0- 02/12/2001
/CONTACT: Anthony R. Muller, EVP and CFO of JDS Uniphase, 408-434-1800;
or Michael L. Foster, VP Finance of SDL, Inc., 408-943-9411/
/Web site: sdli.com
/Web site: jdsunph.com
(JDSU SDLI)
CO: JDS Uniphase Corporation; SDL, Inc.
ST: California, Ontario
IN: TLS
SU: TNM
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