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To: wlheatmoon who wrote (36374)	4/27/1999 12:41:00 AM
From: John Pitera	Read Replies (2) \| Respond to of 86076

Mike, it look like UNPH has reduced in process R&D writedowns for prior acquistions...any company doing so readily is trying to retain integrity and remain a player. It's the strongest part of their earnings report....other than the profit increase- ng- In light of the SEC's current interpretation of the accounting for acquired in-process research and development, during the third quarter Uniphase reviewed the accounting treatment used in connection with its prior acquisition of in-process research and development. This was conducted pursuant to SEC review of a registration statement filed during the third quarter in connection with the BCP merger. As a result and with the SEC's concurrence, Uniphase has reduced the in-process research and development one-time charge taken in connection with the acquisition of Uniphase Netherlands in the quarter ended June 30, 1998 from $93.0 million to $33.7 million and adjusted the amortization of related intangible assets for the first and second quarters of 1999. The change in purchase price allocation is estimated to result in approximately a 2% increase in total intangible assets the Company expects to report following its pending merger with JDS FITEL.