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Uniphase, JDS FITEL Eye Further Acquisitions

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TORONTO, Canada, June 4 -- Uniphase Corp.'s chief financial officer believes that JDS Uniphase could be very active on the mergers and acquisition front following expected shareholder approvals of the Uniphase-JDS FITEL merger. Anthony Muller, who will remain CFO of the merged entity, reportedly told Reuters that the new firm would be adding more production sites, with new sites in North America almost certain.
Unlike many mergers, this one is not expected to result in job losses because business is booming, according to Muller. In terms of layoffs and redundancies, we absolutely do not expect any: in fact if you look at the hiring rate of JDS FITEL, they are struggling to hire enough people to keep up with their demand growth, Muller added. The only redundancy we've found to date is that we will need only one booth at trade shows, instead of two.
Jun 1999
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