Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

JDS Uniphase Sees Stabilization
Sep 2001
SAN JOSE, Calif., Sept. 25 -- JDS Uniphase Corp. said sales are showing signs of stabilizing and the future looks brighter, said Jozef Straus, chief executive of JDS Uniphase. "While the downturn in our markets has not yet reversed, we believe we are beginning to see the early signs of stabilization at levels from which our industry can grow in the future," he said.

The company, which lost more than $55 billion in the fiscal year ended June 30, said it expects first-quarter sales to be about $325 million for the three months ending Sept. 29.

Efforts to cut costs also are proceeding well, said Greg Dougherty, JDS Uniphase's chief operating officer. The company's employment is now just under 14,000 people, down from 29,000 earlier this year. JDS also is shedding real estate and trimming duplicate operations after a series of mergers.

News & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

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.