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

To: Boplicity who wrote (6348)	2/16/2000 8:58:00 AM
From: Chris Stovin	Read Replies (1) \| Respond to of 24042

Wednesday February 16, 8:05 am Eastern Time Company Press Release JDS Uniphase To Announce More Than 30 New Products at OFC 2000 NEPEAN, Ontario and SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 16, 2000--JDS Uniphase Corporation (Nasdaq: JDSU and TSE: JDU) today announced that it intends to introduce over 30 new products at OFC 2000, a major fiberoptics show taking place in Baltimore, MD, during the week of March 6, 2000. The new products represent the broadest array of products introduced by JDS Uniphase to date. The Company was formed by the merger of JDS FITEL Inc. and Uniphase Corporation on July 6, 1999, and these new products are the result of intense new product development activities at the Company's operations in North America, Europe and Australia. The new products to be announced at OFC 2000 consist of optical components and modules that serve a broad range of applications for the telecommunications and cable TV industries. These products are intended to serve a wide array of applications in optical transmission, amplification, dense wavelength division multiplexing (DWDM), switching and network control, data communications and optical instrumentation. The new product introductions include 40 gigabits/second (OC-768) and 10 gigabits/second (OC-192) transmission components and modules; tunable lasers; Raman, low cost and high power amplification products; pump lasers for optical amplification; DWDM products for 80 plus channel, 50GHz spacing at OC-192 bit rates and emerging L band transmission; advanced optical switching and add/drop products; new instrumentation products; and transmitter/receiver modules. In addition, at OFC 2000 the Company will demonstrate developments in thermo-polymer array waveguide and fiber Bragg grating technologies with several new hybrid products combining technologies designed to achieve breakthroughs in channel count and performance. ``We have made extensive investments in new product development to serve the rapidly changing needs of our customers,' said Jozef Straus, Co-Chairman, President and Chief Operating Officer of JDS Uniphase. ``In the first six months of fiscal 2000 we invested almost $40 million in new product development, and these new products are the direct result of the efforts of the over 1,000 people in our R&D activities around the world.' The Company intends to make specific announcements to provide further details on the products to be introduced at OFC 2000. 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. 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 ``intends,' ``anticipates,' ``designed' and similar words. Such forward-looking statements include, but are not limited to, (a) any statement or implication that the products to be announced at OFC 2000 (i) will be successfully introduced or marketed, (ii) will be qualified and purchased by our customers, or (iii) will perform to any particular specifications or performance or reliability standards, (b) the Company's intention to introduce over 30 products at OFC 2000, (c) the Company's anticipations and intentions as to the possible applications that these products will serve, and (d) the statement as to the design of hybrid products to achieve breakthroughs in channel count and performance. Such forward-looking statements involve risks and uncertainties that, if realized, could materially impair the Company's results of operations, business and financial condition. These risks and uncertainties include, but are not limited to, factors discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not assume any obligation to update or qualify any of the statements made herein. -------------------------------------------------------------------------------- Contact: JDS Uniphase Corporation Kevin Kalkhoven, 408/434-1800 or Anthony Muller, 408/434-1800