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Gold/Mining/Energy : JDS Fitel

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To: pat mudge who wrote (550)	1/14/1999 7:15:00 AM
From: Aloysius Lo	Read Replies (2) of 815

The Globe and Mail reports in its Thursday, Jan. 14, 1999 edition that JDS Fitel continued to beat analysts' expectations during its most recent quarter as the company released its latest set of fulsome figures. The Globe's Simon Tuck writes that according to JDS Fitel profit for the second quarter ended Nov. 30 was $21.4-million, up 88 per cent from $11.4-million a year ago. Revenue for the most recent period was $98.2-million, up 84 per cent from $53.3-million a year ago. An analyst at HSBC Securities says JDS has the good fortune of being a top-notch company in a booming market. The Globe says JDS has carved out a lucrative niche with its wave-length division multiplexer technology that makes fibre-optic networks more powerful. Its major customers include Northern Telecom, Lucent Technologies and Ciena. For the six months, JDS earned $38.5-million on revenue of $178.2-million, compared with $21.6-million on $101.8-million.

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