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JDS Uniphase Reports Quarterly Sales Gains

Photonics.com
Jul 2000
NEPEAN, Ontario, Canada, July 27 -- JDS Uniphase Corp.'s sales for the final three months of 2000 ended June 30 were $524 million, 33 percent higher than last quarter's net sales of $395 million, and 173 percent above pro forma combined sales of $192 million for the quarter ended June 30, 1999.
Fourth quarter net income, excluding expenditures for the purchase of E-TEK Dynamics Inc. on June 30, was $114 million or $0.14 per diluted share. Sales for the year ended June 30, 2000 were $1.43 billion, 143 percent above pro forma sales for the same 1999 period.
Pro forma sales for the former year periods include the individually reported results of JDS Fitel Inc. and Uniphase Corp., which merged in a transaction accounted for as a purchase at the close of business on June 30, 1999. Results included those of Epitaxx Inc., Sifam Ltd., Optical Coating Laboratory Inc., Cronos Integrated Microsystems Inc., and Fujian Casix Laser, Inc., which were acquired in transactions accounted for as purchases on November 15, 1999, December 16, 1999, February 4, 2000, April 19, 2000, and May 8, 2000, respectively.
JDS Uniphase reported a loss of $419 million or $0.54 per share for the quarter and $905 million or $1.26 per share for fiscal 2000 with the inclusion of merger-related charges, purchased intangibles, amortization and payroll taxes on stock option exercises.


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