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To: Paul Kern who wrote (5667)	1/25/2001 4:16:18 PM
From: JustTradeEm	Respond to of 19633

Don't know if anyone's playing JDSU casino tonight .. JDS Uniphase Announces Second Quarter Results THURSDAY, JANUARY 25, 2001 4:05:00 PM EST NEPEAN, Ontario, and SAN JOSE, Calif., Jan 25, 2001 /PRNewswire via COMTEX/ -- JDS Uniphase Corporation (Nasdaq: JDSU; Toronto: JDU) today reported sales for its second quarter ended December 30, 2000 of $925 million and pro forma net income of $208 million or $0.21 per diluted share. Sales for the quarter were 18% above pro forma combined sales of $786 million for the quarter ended September 30, 2000 and 161% above pro forma combined sales of $354 million for the quarter ended December 31, 1999. Sales for the six months ended December 30, 2000 of $1.71 billion were 166% above pro forma combined sales for the comparable prior year six month period. Pro forma sales for the prior year period 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 activity related to equity investments, the Company reported a loss of $895 million or $0.93 per share for the quarter and $1.91 billion or $2.00 per share for the fiscal year to date. JDS Uniphase generated $134 million in cash from operations for the quarter and $156 million for the first six months of the fiscal year. On a pro forma basis, excluding merger-related charges, purchased intangibles amortization, payroll taxes on stock option exercises and activity related to equity investments, JDS Uniphase reported net income of $208 million or $0.21 per share for the quarter, an increase of 17% over the $177 million or $0.18 per share earned in the quarter ended September 30, 2000. Pro forma net income for the six months ended December 30, 2000 was $385 million or $0.38 per share, an increase of 158% from the $149 million or $0.17 per share earned in the prior year comparison period. The impact of pro forma adjustments listed above are summarized in the Company's pro forma financial tables that follow in this release.