Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

JDS Uniphase Schedules Additional Write Offs

Facebook Twitter LinkedIn Email Comments
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.

Photonics.com
Sep 2001
News & Features

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.