JDSU sees improved visibility
makings of a rally here!
Monday September 24, 8:04 am Eastern Time
Press Release
SOURCE: JDS Uniphase Corporation
JDS Uniphase Provides Sales Outlook
OTTAWA, Ontario and SAN JOSE, Calif., Sept. 24 /PRNewswire/ -- JDS Uniphase Corporation (Nasdaq: JDSU - news; Toronto: JDU - news) today announced its sales outlook for the current quarter. The Company anticipates sales for its first quarter ending September 29, 2001 will be approximately $325 million.
``While forecasting continues to be difficult in the current environment, we believe our ability to predict future sales has begun to improve,'' said Jozef Straus, Co-Chairman, President and CEO. ``In this time of change and uncertainty, we are continuing to work closely with our customers to help them prepare for new generations of products and to respond to the challenges ahead. And while the downturn in our markets has not yet reversed, we believe we are beginning to see the early signs of stabilization at levels from which our industry can grow in the future.''
``We are making rapid progress toward completing our Global Realignment Program,'' added Greg Dougherty, Executive Vice President and Chief Operating Officer. ``Our programs to meet aggressive goals in product and technology development, manufacturing, and customer service are on schedule. At the same time, we continue to focus and fund significant research and development programs to provide our customers with the components and modules they need for their next-generation systems.''
The Company's employment is now below 14,000 employees, a level originally expected to be reached in the second fiscal quarter. The Company had peak employment in early 2001 of 29,000. Square footage reduction has been proceeding according to the Company's plans.
The Company plans to announce its first quarter results on October 25, 2001. A conference call, which will be webcasted on the JDS Uniphase website, will be held at 4:30 Eastern Time that day.
JDS Uniphase 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. |
