To: Ibexx who wrote (7339 ) 3/8/2000 7:49:00 PM From: Yamakita Respond to of 24042
money.com March 8, 2000 Seeing the light JDS Uniphase makes possible the fastest transmission of information ever--and its stock is breaking records too. What's next? We asked CEO Kevin Kalkhoven. By Laura Washington Speed and capacity are the driving forces in the telecommunications industry. Mounting Internet use is driving the need for more capacity--or bandwidth--to enable the fast transmission of video, data and voice information. Existing copper networks can't cut it, so telecommunications and cable companies are racing to build out their fiber-optics networks, which use light pulses traveling along hair-thin glass fibers to transmit more data, faster. That explains why leading fiber suppliers have been on such a tear. Shares of Corning, the leader, are up more than 250% over the past 12 months. But even fiber has its limits. So the real winners have been the companies that make gear to expand existing fiber's capacity. In the past, one fiber strand carried one light wave at a time, but today, using dense-wave-division-multiplexing technology, or DWDM, telecommunications carriers can manipulate light to carry as much as 80 times as much information. Think of your garden hose versus a high-power fire hose. That's where JDS Uniphase comes in. Through a series of acquisitions and mergers, the San Jose, California-based company is the leading maker of lasers, amplifiers, tuners and filters used in DWDM systems. Sales are soaring, and so is the stock, up 1,100% over the past year. We caught up with CEO Kevin Kalkhoven to find out where this hot market--and this hot stock--is headed. (con'd)