JDS Uniphase Schedules Additional Write Offs
OTTAWA, Sept. 19 -- JDS Uniphase Corp. said that it needs to record additional write downs of the value of long-term assets, which could increase its $50.6 billion annual loss for last year by another $5.3 billion.
The company said it had completed a review of the carrying value of its long-term assets and would record another $4.2 billion in goodwill write downs for its fiscal fourth quarter, which ended June 30, and another $1.1 billion for the third quarter, which ended March 31. It also said it is likely to have additional reductions in goodwill in the quarter ending Sept. 29 because of the decline in its market capitalization since June 30.
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