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

To: pat mudge who wrote (4319)	1/11/2000 6:06:00 PM
From: LBstocks	Read Replies (1) \| Respond to of 24042

E-Tek Dynamics 2nd-Qtr Net Rises 35% as Sales Climb to Record E-Tek Dynamics 2nd-Qtr Net Rises 35% as Sales Climb to Record San Jose, California, Jan. 11 (Bloomberg) -- E-Tek Dynamics Inc., which makes parts used to boost capacity and signals on fiber-optic communications networks, said earnings in its fiscal second quarter rose 35 percent as sales climbed to a record. Net income for the quarter ended Jan. 1 rose to $9.2 million, or 13 cents a share, from $6.8 million, or 11 cents, in the year-earlier period. Sales increased 87 percent to $72.5 million from $38.7 million. E-Tek's products are used in equipment made by Alcatel SA, Nortel Networks Corp. and Fujitsu Ltd., which are buying more to meet demand from phone companies. The company's shares have more than quadrupled in the past year on demand for wave-division multiplexers that boost capacity on fiber networks and parts for amplifiers, which prevent the signals from breaking down. ``This shows how fast the transition is to optical networks,' said Stephen Koffler, a Schroder & Co analyst, who expects San Jose, California-based Etek to ``outperform significantly.' Excluding the cost of acquisitions, profit rose to $14.4 million, or 20 cents a share. Analysts polled by First Call/Thomson Financial were expecting a profit of 17 cents, excluding the costs. Shares of E-Tek fell 11 3/8 to 121 in Nasdaq Stock Market trading before the earnings report. They climbed as high as 127 after the report.