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To: Hobie1Kenobe who wrote (9991)	10/26/2000 4:12:28 PM
From: taylorfife	Respond to of 65232

Jdsu...more JDS Uniphase Announces First Quarter Results Sales Increase 23% from Fourth Quarter NEPEAN, Ontario and SAN JOSE, Calif., Oct. 26 /PRNewswire/ -- JDS Uniphase Corporation (Nasdaq: JDSU; Toronto: JDU) today reported sales for its first quarter ended September 30, 2000 of $786 million and pro forma net income of $177 million or $0.18 per diluted share. Sales for the quarter were 23% above pro forma combined sales of $641 million for the quarter ended June 30, 2000 and 171% above pro forma combined sales of $290 million for the quarter ended September 30, 1999. Pro forma combined sales for the prior year periods include the separately reported results of E-TEK Dynamics, Inc., which was acquired on June 30, 2000, in a transaction accounted for as a purchase. Including merger-related charges, purchased intangibles amortization, payroll taxes on stock option exercises, and income related to investments accounted for under the equity method of accounting, the Company reported a loss of $1.0 billion or $1.07 per share for the quarter. On a pro forma basis, excluding merger-related charges, purchased intangibles amortization, payroll taxes on stock option exercises, and income related to investments accounted for under the equity method of accounting, JDS Uniphase reported net income of $177 million or $0.18 per share for the quarter, an increase of 29% over the $137 million or $0.14 per share earned in the quarter ended June 30, 2000. Pro forma net income for the quarter ended June 30, 2000 includes the separately reported results of E-TEK Dynamics, Inc. The impact of the pro forma adjustments listed above is summarized in the Company's pro forma financial tables that follow in this release.