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To: Dealer who wrote (26718)	7/26/2000 7:24:47 PM
From: Dealer	Read Replies (1) \| Respond to of 35685

JDSU--JDS Uniphase profits beat predictions By Ted Griffith, CBS.MarketWatch.com Last Update: 6:57 PM ET Jul 26, 2000 NewsWatch Latest headlines NEPEAN, Ontario (CBS.MW) -- JDS Uniphase said Wednesday that strong sales in the fiscal fourth quarter pushed profits -- excluding special charges-- up by 33 percent from the third quarter, exceeding analysts' expectations. JDS Uniphase (JDSU: news, msgs)said income in the fourth quarter, excluding charges, jumped to $114 million, or 14 cents per share, from $86 million, or 11 cents per share, in the third quarter ended March 31. The company was expected to earn, excluding charges, 12 cents per share for the fiscal fourth quarter, ended June 30, according to the average estimate of analysts surveyed by First Call. JDS Uniphase makes laser subsystems and equipment for fiber-optic telecommunications, signal processing and semiconductor wafer inspection. The company has experienced sales growth because of the exploding demand for data transmission related to growing use of the Internet. JDS Uniphase announced its results after the close of regular trading Wednesday. Before the announcement, JDS shares gained 5 3/4 to 135 15/16. In after-hours action, shares declined 1 1/16 to 134 7/8 on heavy trading volume. Income, excluding charges, for the fiscal year was $327 million, or 42 cents per share, up 162 percent from the $125 million, or 18 cents per share, in the previous fiscal year. JDS Uniphase is expected to earn 39 cents per share in the fiscal year, which ended June 30, according to the average estimate of the analysts polled by First Call. Including merger-related charges, purchased intangibles amortization and payroll taxes on stock option exercises, the company reported a loss of $419 million, or 54 cents per share, for the quarter and $905 million, or $1.26 per share, for fiscal 2000. Ted Griffith is a reporter for CBS.MarketWatch.com