JDSU Appoints President of Optical Communications Group
April 09 2007 - 5:15PM
PR Newswire (US)
MILPITAS, Calif., April 9 /PRNewswire-FirstCall/ -- JDSU today
announced the appointment of David Gudmundson as President of
Optical Communications. In his new role, Mr. Gudmundson will be
responsible for Optical Communications sales, operations and
product development, completing the integration of these functions
under a single Optical Communications business leader. Mr.
Gudmundson joined JDSU in December 2003. As Senior Vice President
of Corporate Development and Marketing, Mr. Gudmundson played an
integral role in a number of strategic transactions - including the
acquisitions of Lightwave Electronics, Acterna, and Agility
Communications - diversifying the company's portfolio and expanding
the company's opportunity in the growing and profitable markets for
test and measurement equipment, tunable transponders and solid
state lasers. "I am very excited by this new opportunity within our
Optical Communications group, where JDSU already demonstrates
market leadership," said Mr. Gudmundson. "Building on that
foundation, our focus will be on driving innovation, customer
satisfaction, quality and improved profitability." Prior to joining
JDSU, Mr. Gudmundson held a series of increasingly senior
leadership roles at Cisco, culminating in his service as Vice
President and General Manager of Cisco's security server, DSL, and
edge routing business units. Prior to Cisco, Mr. Gudmundson held
various hardware and software development and systems engineering
positions at Argo Systems, Inc. (now part of The Boeing Company)
and ESL Incorporated (now part of TRW). About JDSU JDSU (Nasdaq:
JDSU; and TSX: JDU) is committed to enabling broadband &
optical innovation in the communications, commercial and consumer
markets. JDSU is a leading provider of communications test and
measurement solutions and optical products for telecommunications
service providers, cable operators, and network equipment
manufacturers. Furthermore, JDSU is a leading provider of
innovative optical solutions for medical/environmental
instrumentation, semiconductor processing, display, brand
authentication, aerospace and defense, and decorative applications.
More information is available at http://www.jdsu.com/. Forward
Looking Statements The statements contained in this press release
that are not purely historical are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. These statements
include: (i) any anticipation or guidance as to future financial
performance; (ii) any statement or implication that JDSU's markets
and/or JDSU's share thereof will grow, grow at the rate predicted
by third parties, or that (iii) JDSU's products will be
successfully introduced or marketed, will be qualified and
purchased by our customers, or will perform to any particular
specifications or performance or reliability standards. These
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected. In particular, the Company's ability to predict future
financial performance continues to be difficult due to, among other
things: (a) continuing general limited visibility across many of
our product lines; (b) the ongoing potential for significant
quarter-over-quarter product mix fluctuations, which can materially
impact profitability measures due to the broad gross margin range
across our portfolio; (c) continuing consolidation affecting our
customer base, which, in the shorter term limits demand visibility,
and, in the longer term, could reduce our business potential; (d)
average selling prices continue to decline across our traditional
Optical Communications and our Advanced Optical Technologies and
Commercial Lasers businesses; (e) we and many of our Optical
Communications suppliers continue to experience execution and
delivery challenges which limit our revenue and impair our
profitability; (f) our Communications Test and Measurement business
is notable for a significant level of in-quarter book-and-ship
business, further limiting our forecasting abilities; (g) we are
currently engaged in various product and manufacturing transfers,
site consolidations and product discontinuances; and (h) Optical
Communications customer supply chain and inventory rationalization
initiatives could further limit our demand visibility. For more
information on these and other risks affecting the Company's
business, please refer to the "Risk Factors" section included in
the Company's Annual Report on Form 10-K for the year ended June
30, 2006 filed with the Securities and Exchange Commission, as well
as in other filings on Forms 10-Q. The forward-looking statements
contained in this news release are made as of the date hereof and
the Company does not assume any obligation to update the reasons
why actual results could differ materially from those projected in
the forward-looking statements. Contact: Investors, Jacquie Ross,
+1-408-546-4445, or . DATASOURCE: JDSU CONTACT: Investors, Jacquie
Ross, +1-408-546-4445, or , or Press, Kathleen Greene,
+1-408-546-5852 or Web site: http://www.jdsu.com/
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