Uniphase Added to Nasdaq-100 Index
Business Wire - May 04, 1999 18:44
SAN JOSE, Calif.--(BUSINESS WIRE)--May 4, 1999--Uniphase Corporation (Nasdaq:UNPH) today announced that it will become a member of the Nasdaq-100 Index effective at the close of trading May 4, 1999.
The Nasdaq-100 Index represents the largest and most active non-financial domestic and international stocks traded on the Nasdaq and includes firms like Cisco, Intel and Microsoft.
Uniphase is a leading manufacturer of active fiber optic components and modules, including lasers, modulators and transmitters for telecommunications and CATV equipment manufacturers. The Company recently announced that the fiscal 1999 third quarter sales of its telecommunications and cable TV products increased 105% over the third quarter of 1998.
"We see our inclusion in the Nasdaq-100 Index as another demonstration of the growing importance of the entire fiber optic component industry," said Kevin Kalkhoven, Chairman and CEO of Uniphase Corporation.
"The Nasdaq-100 Index contains some of the most dynamic high technology companies in the world, and we are proud to be a part of it. This announcement also reflects in part the momentum that we are gaining from our pending merger with JDS FITEL and the opportunities for further growth that we believe will be afforded by that combination."
Uniphase Corporation is an optoelectronics company that designs, develops, manufactures and markets fiber optic telecommunications components, modules and lasers. The Company's telecommunications products include semiconductor lasers, high-speed external modulators, transmitters, fiber Bragg gratings and optical modules for fiber optic networks in the telecommunications and cable television industries. The Company's laser division produces laser subsystems for a broad range of OEM applications, including biotechnology, industrial process control and measurement, graphics and printing, and semiconductor equipment.
Uniphase employs approximately 1,300 people worldwide and is headquartered in San Jose. Its stock is traded on the Nasdaq National Market under the symbol UNPH. The Uniphase website address is www.uniphase.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 Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes," "expects," "may," "should," "would," "will," "intends," "plans," "estimates," "anticipates" and similar words. Such forward-looking statements include, but are not limited to, statements regarding the expectations, intentions or strategies of Uniphase or JDS FITEL, possible benefits to Uniphase or JDS FITEL as a result of the pending combination of Uniphase and JDS FITEL described above and the likelihood that such transaction will be successfully completed. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to the speed of integration of the two businesses, transaction risks such as unanticipated regulatory or other problems in completing the JDS FITEL merger, and other factors discussed from time to time in reports filed by Uniphase with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and Uniphase assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
CONTACT: Uniphase Corp.
Kevin N. Kalkhoven, 408/434-1800 (Chairman and CEO)
Anthony R. Muller, 408/434-1800 (Senior VP & CFO)
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