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

To: 16yearcycle who wrote (9650)	4/25/2000 8:59:00 PM
From: Boplicity	Read Replies (3) \| Respond to of 24042

-JDS Uniphase beats third-quarter estimates OTTAWA April 25 (Reuters) - JDS Uniphase Corp. <JDSU.O><JDU.TO>, the world's biggest supplier of parts for fiber-optic equipment in phone networks, posted third-quarter earnings on Tuesday that beat analysts' consensus estimates by a penny as sales soared 155 percent. JDS Uniphase, based in the Ottawa suburb of Nepean, Ontario, and San Jose, California, reported net income, excluding one-time items, of $85.8 million, or 11 cents a share in the third quarter. In the year-earlier period, pro forma combined profit from JDS Fitel and Uniphase Corp. -- which merged in June 1999 -- was $33.2 million, or five cents a share, on revenues of $154.9 million. The average estimate from a group of 27 brokers polled by First Call/Thomson Financial was a profit of 10 cents a share for the quarter ended on March 31. JDS, which produces equipment that boosts the capacity and speed of fiber-optic networks, is facing relentless demand as growing Internet use pushes increasing volumes of voice, data and video traffic over networks. JDS chief executive and co-chairman Kevin Kalkhoven said in a conference call that the company would continue to ramp up its output to keep up, while trying to reduce costs. In addition, JDS said that for the first time it will begin outsourcing manufacture of its labor-intensive modules while continuing to produce components in-house. FLEX maybe??? Chief financial officer Tony Muller said the company would see fourth-quarter revenues of more than $480 million and anticipated sales growth of more than 75 percent over 2000, netting more than $2.4 billion. In addition, the company said it would lay out $60 million to $80 million in capital expenditures in the fourth quarter. To keep pace with blistering demand and competitors, JDS has been on a buying binge, adding to its arsenal with a string of acquisitions. In April, JDS said it would acquire Cronos Integrated Microsystems Inc., a maker of fiber-optic switching systems, and last year it acquired Epitaxx Inc., Sifam Ltd., and Optical Coating Laboratory Inc. A U.S. antitrust review is now under way for an all-stock deal, valued at about $15 billion when announced in January, to merge with competitor E-Tek Dynamics Inc. <ETEK.O>. Kalkhoven declined to say when the companies might hear the results of the review. "The answer is we are getting all the stuff to be in compliance with the second request (for additional information) and after we're in compliance, it's 20 days. So we're going like hell," he said. Analyst Emil Savov of Goepel McDermid Inc. in Vancouver applauded the results. "Revenues grew much higher than anticipated I think, including acquisitions, but even the growth from internal growth was higher," Savov said, adding he believed "the probability is high" that the company will get regulatory approval for its E-Tek purchase. JDS shares topped the Toronto Stock Exchange's net gainers list, reversing a trend of recent declines as the market punished shares with high valuations. The stock closed up C$17.75, or 14.92 percent, at C$136.75. In New York, JDS shares closed 13 higher at 93-5/16. ($1=$1.47 Canadian) 20:17 04-25-00

To: 16yearcycle who wrote (9650)	4/25/2000 9:01:00 PM
From: Frederick Langford	Read Replies (3) \| Respond to of 24042

CNBC incorrectly saying JDSU missed Whisper # and WSJ choice of headlines, sparked sell off @ 91/92. I believe it was Kernan and Faber that were talking about fiduciary responsibility. That was about JDSU as well. They need to tap Ted David on the shoulder and remind him. We need to send email asking them to correct this. Someone needs to remind CNBC the fiduciary responsibility is not to solely support shorts. Fred