JDSU OKs Stock Buyback
MILPITAS, Calif., May 15, 2007 -- JDSU said today its board has authorized a program to repurchase up to $200,000,000 of its common stock through open market or private transactions during a two-year period ending May 14, 2010. Timing of repurchases and the number of shares repurchased will depend on business and financial market conditions, the company said in a statement.
"JDSU has reported five sequential quarters of positive free cash flow and currently has approximately $1 billion of cash on its balance sheet," said...