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To: Dealer who wrote (649)	10/26/2000 5:58:01 PM
From: elpolvo	Read Replies (1) \| Respond to of 104197

JDS lifts forecast based on sales strength (UPDATE: In U.S. dollars unless noted.) Thursday October 26, 5:34 pm Eastern Time OTTAWA, Oct 26 (Reuters) - JDS Uniphase Corp. (Toronto:JDU.TO - news) (NasdaqNM:JDSU - news), the world's No. 1 supplier of fiber-optic components, on Thursday raised its estimates for its second quarter and fiscal 2001, based on strong sales across its product line to a growing number of customers. The company lifted its second quarter net earnings per share forecast to 19 or 20 cents from 17 cents a share, it also said revenue should grow in the high teen percentage range from the first to the second quarter. JDS Uniphase, which reported first-quarter results on Thursday that beat expectations by 2 cents, also said 2001 revenues will be 115 to 120 percent over the $1.77 billion pro forma revenues of 2000, which includes revenues from its recently acquired E-Tek Dynamics. JDS said its margin guidance is unchanged at 50 to 51 percent for gross margin and 28 to 30 percent for operating margins. On Thursday, JDS reported first-quarter pro forma net income of $177 million, or 18 cents a share, on revenues of $786 million, up from $65 million, or 8 cents a share, on revenues of $290 million. The results include revenues from E-Tek Dynamics. biz.yahoo.com