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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (3086)	12/16/1999 4:49:00 PM
From: Northern Cougar	Respond to of 24042

Hi Lee, here is a news release with more details from the JDSU AGM>> (JDU.) JDS Uniphase Plans To Invest US$ 125 Million To Expand Capacity To Meet Increasing Customer Demand NEPEAN, Ontario and SAN JOSE, Calif., Dec 16, 1999 (BUSINESS WIRE) -- JDS Uniphase Corporation (Nasdaq:JDSU) (TSE: JDU) announced today it will invest US$ 125 million to add an additional 600,000 sq. ft. and related capital equipment to its global operations. The largest single expansion will take place in Ottawa, Canada, where JDS Uniphase will commence construction of the third phase of its main campus facility consisting of approximately 360,000 sq. ft. of additional R&D, manufacturing and office facilities. An additional 240,000 sq. ft. are being added around the world to operations including Sydney, Australia; Chalfont, Pennsylvania; Bloomfield, Connecticut; West Trenton, New Jersey; Melbourne, Florida; and Torquay, England. This investment is part of JDS Uniphase's continuing strategic plan to meet customer demand for both components and modules and will bring the total JDS Uniphase square footage globally to over an approximate 2,100, 000 sq. ft. The expansion is targeted toward increasing volume capacity for a broad range of products including wavelength division multiplexers, optical switches, attenuators, fiber Bragg gratings, circulators, gain flattening filters, photodetectors, wavelength lockers, and modulators, as well as modules such as amplifiers, transmitters and receivers. "We are very excited to be expanding our facilities globally to meet growing customer demand," said Jozef Straus, Co-chairman & President. "The investment of US$ 125 million reflects our confidence in the outlook of the fiberoptic industry and our desire to continue to expand our presence in each of our locations around the globe. As we enter into the new millennium, we believe that this expansion, among other things, will better position JDS Uniphase to serve the needs of its customers and to seize the future opportunities the industry will offer. This investment will enhance JDS Uniphase's ability to grow with the market and to maintain and strengthen its world leading position." 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.jdsunph.com. N.C.