JDSU Completes Acquisition of Picolight
May 29 2007 - 5:20PM
PR Newswire (US)
MILPITAS, Calif., May 29 /PRNewswire-FirstCall/ -- JDSU, a leading
enabler of broadband and optical innovation, today announced the
completion of its acquisition of Picolight, a leading designer and
manufacturer of optical pluggable transceivers. The acquisition
significantly strengthens JDSU's position in high-growth pluggable
optics for the enterprise market and adds an established,
vertically integrated manufacturing model. "Demand for reliable
data management and delivery continues to grow, particularly among
enterprises," said David Gudmundson, president of JDSU's Optical
Communications business segment. "With this acquisition, we are
able to serve market demand for 8 and 10 Gigabit data networks, and
provide a clear path to 100 Gigabits in the future. We are
encouraged by the feedback from customers and are confident that
our combined companies have the scale and strength to compete in
today's enterprise and service provider markets." With over 1
million small form-factor pluggable products shipped, Picolight has
been a pioneer in developing the vertical cavity surface- emitting
laser (VCSEL), a key technology used in high-speed and short-to-
medium distance optical interconnects. The addition of Picolight's
850 nanometer (nm) and 1310 nm VCSEL-based transceiver products to
JDSU's current data communications product portfolio brings
innovative technology with the performance, reliability and
manufacturability needed to address a wide range of markets. About
JDSU JDSU (Nasdaq: JDSU; TSX: JDU) is committed to enabling
broadband & optical innovation in the communications,
commercial and consumer markets. JDSU is the leading provider of
communications test and measurement solutions and optical products
for telecommunications service providers, cable operators, and
network equipment manufacturers. Furthermore, JDSU is the 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/. 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. Such forward-looking statements include,
but are not limited to any statement or implication that the
datacenter, enterprise, storage area and metro markets will grow,
or grow at the rate predicted by third parties; that Picolight's
operations, sales channels and business will be successfully
integrated into JDSU, or that Picolight's products described in
this press release (i) will be successfully introduced or marketed,
(ii) will be qualified and purchased by our customers, or (iii)
will perform to any particular specifications or performance or
reliability standards. Such forward-looking statements involve
risks and uncertainties that, if realized, could materially impair
the Company's results of operations, business, and financial
condition. These risks and uncertainties include the following,
among other things: (a) our current visibility as to customer
demand levels, future market growth and the timing, extent,
location, requirements and nature of network and datacenter
build-outs and technology transitions, is extremely limited; (b)
the timing, extent, location, requirements and nature of network,
datacenter, enterprise and storage area technology transitions is
extremely unpredictable and development cycles are generally very
long; and (c) the products may not (i) perform as expected without
material defects, (ii) be manufactured at acceptable volumes,
yields, and cost, (iii) be qualified and accepted by our customers,
and (iv) successfully compete with products offered by our
competitors, and (d) factors discussed from time to time in reports
filed by the Company with the Securities and Exchange Commission.
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 or qualify any of the statements made herein.
Source: JDS Uniphase Corporation. Contacts Investors: Jacquie Ross,
Investor Relations, 408-546-4445 or
http://www.newscom.com/cgi-bin/prnh/20050913/SFTU125LOGO
http://photoarchive.ap.org/ DATASOURCE: JDSU; JDS Uniphase
Corporation CONTACT: Media, Noel Bilodeau, Public Relations,
+1-408-546-4567, , or Investors, Jacquie Ross, Investor Relations,
+1-408-546-4445, , both of JDSU Web site: http://www.jdsu.com/
Copyright