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JDS Uniphase Announces Preliminary 4thQ Results

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NEPEAN, Ontario, Canada, July 20 -- JDS Uniphase Corp. announced preliminary results for Uniphase Corp.'s fourth quarter ended June 30, 1999. Subject to final review, audit and confirmation, Uniphase expects to report sales of $86 to $87 million and a loss of approximately $3.65 per share for the quarter. The loss per share includes a one-time charge of $177 million for acquired in-process research and development and $.5 million in restructuring charges, both resulting from the company's merger with JDS Fitel, as well as $4 million in intangibles amortization. Excluding these charges,...Read full article

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    Published: July 1999
    News & Features

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