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Pastimes : Home on the range where the buffalo roam

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To: freeus who wrote (3560)	9/10/2001 4:01:29 PM
From: im a survivor	Read Replies (1) of 13815

JDS: Restructuring on track By Chris Kraeuter, CBS.MarketWatch.com Last Update: 2:37 PM ET Sept. 10, 2001 SAN FRANCISCO (CBS.MW) - JDS Uniphase said Monday that restructuring plans are still on track at the fiber optic giant. CFO Anthony Muller repeated a June update about the company's ongoing corporate restructuring. Speaking at the Banc of America Securities annual investment conference in San Francisco, he said the company has incurred costs of $500 million as of June and expects additional costs of $400 million. The cost savings total $300 million so far and additional savings of $400 million are expected. He added that "despite a precipitous decline in its revenue base, JDS remains one of the largest companies in the networking equipment sector."

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