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To: craig crawford who wrote (212)	2/4/1998 7:55:00 AM
From: w2j2	Respond to of 297

Enhanced Manufacturing Efficiencies and Demand for New Products Add to Revenues SAN JOSE, Calif., Feb. 3 /PRNewswire/ -- SDL, Inc. (NASDAQ:SDLI) today announced quarterly and year end revenue and earnings for the period ended December 31, 1997. SDL also announced the appointment of Vincent McCord to the position of Chief Financial Officer. For the fourth quarter ended December 31, 1997, SDL reported record revenue of $24.8 million compared to revenue of $21.1 million in the fourth quarter of 1996. Fourth quarter 1997 net income rose 15% to $1.8 million or $0.13 per share on a diluted basis compared to net income of $1.6 million or $0.11 per share on a diluted basis reported for the fourth quarter 1996. The fourth quarter 1997 results include a one-time charge for in-process R&D in connection with the acquisition of Mr. Laser, Inc. Absent this one-time charge, net income was $2.6 million and earnings per share on a diluted basis were $0.18. Diluted earnings per share for the fourth quarter of 1997 were computed based on 14.4 million shares, compared to 14.2 million shares in 1996. For the year ended December 31, 1997, SDL reported record revenue of $91.4 million and a net loss of $24.7 million, or $1.83 per share on a diluted basis, compared to revenue of $82.5 million and net income of $7.1 million, or $0.54 per share on a diluted basis for 1996. The loss in 1997 was due to a second quarter one-time charge primarily related to the settlement of a lawsuit. Shares used in the computation of diluted per share amounts for 1997 were 13.5 million shares, compared to 13.2 million shares in 1996. Commenting on the quarter, Donald R. Scifres, chairman and chief executive officer, said, "The solid results reflect the successful implementation of our new front end wafer manufacturing line as well as the increasing demand for products based on our 980 nm pump module technology. During the quarter, we experienced substantial yield improvements, especially late in the quarter, in many of our product lines, with yields on one key line several times higher than on the old manufacturing line. This substantial yield improvement should add more production capacity than we originally anticipated, as well as lowering manufacturing costs for these product lines." "The accomplishments in 1997 strategically position SDL well for the upcoming year. Next generation products and the completion of the transition to our new manufacturing line should allow us to satisfy current customers and accelerate our efforts to further penetrate emerging markets, such as dense wavelength division multiplexing, fiber communications, satellite communications, medical, materials processing and others. In addition, we plan to implement an aggressive sales and marketing campaign to maximize our growth prospects in all markets," said Scifres. McCord Joins SDL as CFO In other news, SDL today announced the appointment of Vincent McCord, 51, as Chief Financial Officer. McCord joins SDL with more than 20 years experience at high technology companies. Most notably, McCord was CFO at QuickLogic Corporation and vice president and corporate controller at LSI Logic, Inc. "Vincent's demonstrated track record in budgeting, forecasting, operating and strategic planning prepares him well for his responsibilities at SDL. We look forward to working with him," said Scifres. "With its exciting, award-winning technology and solid growth strategy in place, SDL has tremendous opportunities in the communications and optoelectronics markets. I am pleased to be a part of the team," said McCord

To: craig crawford who wrote (212)	2/4/1998 7:56:00 AM
From: w2j2	Respond to of 297

SAN JOSE, Calif., Feb. 3 (Reuters) - SDL, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (In thousands, except per share data -- unaudited) Three months ended Years ended December 31, December 31, 1997(A) 1996 1997(A)(B) 1996 Total revenue $24,827 $21,078 $91,364 $82,475 Cost of revenue 16,478 13,952 65,154 54,956 Gross margin 8,349 7,126 26,210 27,519 Operating expenses: Research and development 2,145 2,076 9,794 6,681 Selling, general and administrative 3,735 3,281 40,609 11,521 Amortization of purchased intangibles 184 161 671 645 In-process research and development 753 -- 753 -- Total operating expenses 6,817 5,518 51,827 18,847 Operating income (loss) 1,532 1,608 (25,617) 8,672 Interest (income), net (352) (662) (1,355) (1,501) Income (loss) before income taxes 1,884 2,270 (24,262) 10,173 Provision for income taxes 50 680 417 3,052 Net income (loss) 1,834 1,590 (24,679) 7,121 Net income (loss) per share - basic 0.13 0.12 (1.83) 0.59 Net income (loss) per share - diluted 0.13 0.11 (1.83) 0.54 Number of weighted average shares - basic 13,642 13,166 13,497 12,012 Number of weighted average shares - diluted 14,444 14,196 13,497 13,199 (A) Includes a $753 one-time write-off of in-process R&D in connection with the acquisition of Mr. Laser, Inc. in November, 1997. (B) Includes one-time charges totaling $30,911 related primarily to settlement of a lawsuit in June, 1997.

To: craig crawford who wrote (212)	2/4/1998 7:58:00 AM
From: w2j2	Respond to of 297

SAN JOSE, Calif., Feb. 3 /PRNewswire/ -- SDL, Inc. (NASDAQ:SDLI). Rapid advances in optically-amplified, dense-wavelength division multiplexed (DWDM) transmission networks have fueled growing demand for a new class of fiber optic components. In response to this demand, SDL is launching a new line of fiber optic components based on the unique combination of benefits offered by fiber Bragg grating technology. Devices using fiber Bragg grating technology deliver cost-effective means of performing many functions required in DWDM systems. Because the devices are fabricated directly in the fiber, alignment and assembly cost can be significantly less than competing devices that use bulk optics and fiber. This new family of products is based on technology which has been used in conjunction with semiconductor laser products from SDL for the past several years. Recently expanded engineering and production capacity in this area has allowed SDL to begin offering individual fiber Bragg grating components to OEM customers. According to Don Scifres, Chairman and CEO of SDL, "We have considerable experience producing fiber Bragg gratings for use with our 980 nm pump modules, so we have the manufacturing infrastructure and experience to support high volume production of these devices. Since these products are used in the same applications as our existing communications products, we already have strong technical and business relationships with key customers." The first products envisioned will support the development of the next generation of DWDM erbium-doped fiber amplifiers (EDFAs). A variety of fiber Bragg grating components are in various stages of development or evaluation, including noise suppression filters, gain flattening filters, dispersion compensating filters, add-drop multiplexing filters and 1550 nm reflectors.

To: craig crawford who wrote (212)	2/13/1998 2:11:00 PM
From: w2j2	Read Replies (1) \| Respond to of 297

SAN JOSE, Calif., Feb. 13 /PRNewswire/ -- SDL, Inc. (NASDAQ:SDLI) today announced the demonstration of high power blue ultraviolet semiconductor lasers based on gallium nitride. The new lasers have been demonstrated at multiple wavelengths between 400 - 410 nm at pulsed powers in excess of 150 mW per facet. The achievement is an important step in realizing a new class of compact blue, green, and ultraviolet semiconductor laser sources. "We are very excited about this demonstration since we believe this material system has the potential to produce high power lasers with high reliability over a range of violet to green wavelengths," said Donald R. Scifres, president and chief executive officer. "We believe the pulsed power levels recorded by SDL are higher than any reported previously for gallium nitride-based semiconductor lasers. Such semiconductor lasers are ultimately expected to see widespread use in applications such as optical data storage, printing and displays." SDL is pursuing the technology with matching funds from the Defense Advanced Research Projects Agency (DARPA) through the Blue Band II Consortium. The program teams SDL with HP, Xerox and five universities, with the intent of commercializing single spatial mode blue laser diodes in 1999.