To: Nick who wrote (11863 ) 7/25/2000 10:58:04 PM From: pat mudge Read Replies (1) | Respond to Not everyone sees JDS Uniphase hitting the ground running with its acquisitions. The JDS-SDL union is expected to be a drag on earnings until fiscal 2001, wrote PaineWebber analyst David Wong in a July 21 report. And it was stated quite clearly that the merger would be accretive after the close:Now let me review the financial impact of this merger. The pro forma consensus estimates for the recently completed June quarter for JDSU, E-TEK and SDL add up to sales at a $2.7 billion annual run rate. Further, the preliminary results for the quarter for each of these three companies is for sales and income to be higher than investment community estimates, and you will learn of these results later in the month when we announce results. Our businesses remain strong. Further, as a result of this merger we see additional sales growth opportunities, including EDFA and Raman amplifier sales, faster startup and ramp of packaging operations, and additional modulator capacity. And further, we expect even greater sales enhancement opportunities as our development teams combine the technologies and capabilities of our companies to provide the advanced modules of the future. In summary, based on our understanding and expectations for our businesses, we believe this merger will be accretive for our stockholders after the close.
