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called JDS Uniphase Corporation, whereas elsewhere the company always refers to itself as JDSU.
JDSU was formed by the 1999 merger between two fiber optic companies, JDS Public (NASDAQ: JDSU) (TSX: JDU) Type FITEL and Uniphase Corporation, and beMerger of JDS Fitel and Uniphase came known as JDS Uniphase subsequent to Founded Corporation in 1999 the merger. In 1981, JDS Fitel was founded Headquarters Milpitas, California, United States by Jozef Straus, Philip Garel-Jones, Gary Duck, and Bill Sinclair. The "JDS" is short for 80 offices, serving customers in more Number of Jones, Duck and Sinclair. JDS Uniphase had than 160 countries locations two corporate headquarters, one at 3000 MeThomas H. Waechter, President & rivale Road, Ottawa and the other in San Key people CEO Jose, California. Three other major fiber comDavid Vellequette, Chief Financial panies merged with JDS Uniphase during the Officer telecom boom: OCLI based in Santa Rosa, Optical products and broadband Industry California, and E-TEK Dynamics and SDL, communications both based in San Jose, California. With the downturn in the telecom business that starCommunications test and Products measurement equipment; optical ted in 2000, JDSU moved its headquarters communications components, first to San Jose, California, and then in 2006 modules, and subsystems. to nearby Milpitas. Lasers used for biotechnology, JDS Uniphase stock was a high-flyer tech semiconductor manufacturing, and stock investor favorite. Its stock price materials processing. Thin film coatings, components, doubled three times and three stock splits of and assemblies used to manage light 2:1 occurred roughly every 90 days during for displays, instrumentation, officethe last half of 1999 through early 2000, automation, and aerospace/defense. making millionaires of many employees who Optical solutions for brand protection and document authentication; and were stock option holders, and further enabling JDS Uniphase to go on an acquisition decorative coatings for brand enhancement and differentiation and merger binge. After the telecom downturn, JDS Uniphase announced in late July ▲$1.4 Billion USD (FY2008) Net income 2001 the largest (up to then) write-down of ~7,000 (2008) Employees goodwill and business losses in business history: $45 billion. Employment soon dropped www.jdsu.com Website as part of the Global Realignment Program from nearly 29,000 to approximately 5,300, JDSU (NASDAQ: JDSU) is a company that many of its factories and facilities were designs and manufactures products for opticclosed around the world, and the stock price al communications products, communications dropped from $153 per share to less than $2 test and measurement equipment, lasers, opper share. Especially hard-hit were the R&D tical solutions for authentication and decoratactivities and researcher jobs related to proive applications, and other custom optics. It ducing new OC-768 (40 Gbit/s) and OC-192 is headquartered in Milpitas, California, USA. (10 Gbit/s) products, which were largely terIt was formerly known as JDS Uniphase, prior minated in light of the shift in market into a rebranding of its corporate image on terest to continuing with legacy OC-48 (2.5 September 14, 2005. The legal entity is now Gbit/s) data rate products.
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The logo of the former JDS Uniphase was an open multi-colored box, intended to evoke a feeling of thinking "outside the box" among employees. The logo of the new re-branded JDSU represents the cycle of innovation that begins and ends with the customer. On September 23, 2005, JDSU announced a reverse stock split one-to-eight to one-toten. On December 2, 2005 JDSU stock holders authorized the reverse stock split after its 2005 annual meeting. Epitaxx was absorbed by JDS Uniphase in the 1990s; Alka Swanson was the general manager of this branch of the corporation. As of March 2006, JDSU stock has been making somewhat of a rebound. Analysts like Jim Cramer laud the stock, citing the new interests that telecommunications companies now have in optical fiber telephone and Internet services. Verizon FiOS is an example of a fiber optic service that may benefit JDSU in the future.
Innocor Ltd. In May 2007, JDSU purchased Innocor, a provider of broadband test solutions for network equipment manufacturers. The merger strengthened JDSU’s position in the North American lab and production markets and helped grow the company’s business in the Europe-Middle East-Africa and Asia and Pacific regions. Innocor was included in JDSU’s communications test and measurement segment. Picolight, Inc. In May 2007, JDSU acquired Picolight, a designer and manufacturer of optical pluggable transceivers. Picolight was added to the JDSU optical communications segment. Casabyte, Inc. In January 2007, JDSU acquired Casabyte, a provider of monitoring solutions for mobile network operations. Casabyte was included in the JDSU Communications Test and Measurement business. 2006 Acquisitions Test-Um, Inc. In May 2006, JDSU purchased Test-Um, a provider of portable test, talk and trace products for datacom and communications networks. Test-Um is a manufacturer of low-cost instruments used in the field to troubleshoot, test, map and certify networks. Test-Um is included in the JDSU Communications test and measurement segment. Agility Communications, Inc. In November 2005, JDSU completed the acquisition of Agility Communications, Inc., a provider of widely tunable laser solutions for optical networks. The acquisition established JDSU as an optical network provider. Agility was included in the JDSU optical communications segment. 2005 Acquisitions Acterna, Inc. In August 2005, JDSU completed the acquisition of Acterna, Inc., a provider of broadband and optical test and measurement solutions for telecommunications, cable service providers, and network equipment manufacturers, including many of the largest 100 telecommunications, cable services providers, and system manufacturers worldwide. The combined companies’ products and services support the deployment of IP-based data, voice, and video services over optical long haul, metro, fiber-tothe-home, DSL, and cable networks. The addition of Acterna led to the creation of the JDSU Communications test and measurement business.
After the 2001 crash of the telecommunications industry, the state of Connecticut filed a lawsuit against the company and four key executives, claiming that they had, and hid from company shareholders, advance knowledge of the company’s impending downturn. Unlike most similar lawsuits, which are dismissed or settled before trial, Connecticut’s lawsuit went to trial in October, 2007. JDSU was acquitted of all charges in November, 2007.
2008 Acquisitions American Bank Note Holographics, Inc. In February 2008, JDSU purchased ABNH, a company that originated, produced, and marketed holograms for security applications, and supplied optical security devices for the transaction card market. It is part of the JDSU Advanced Optical Technologies business. Westover Scientific, Inc. In January 2008, JDSU purchased Westover Scientific’s Fiber Optic Division, adding fiber optic inspection and cleaning solutions to JDSU’s existing fiber field and lab and production test portfolio in its communications test and measurement segment. 2007 Acquisitions
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Photonic Power Systems, Inc. In May 2005, JDSU acquired Photonic Power Systems, a provider of photonic power for the delivery of power over fiber. Photonic power is a power delivery system whereby light from a laser source travels over fiber to its destination where it is then is changed to electricity using a photovoltaic power converter. The acquisition provided a solution to remote powering for many commercial applications, including medical, wireless communications, electrical power, industrial sensor, and aerospace applications. Lightwave Electronics Corporation In April 2005, JDSU completed the acquisition of Lightwave Electronics Corporation, a provider of solid-state lasers for commercial markets such as materials processing, semiconductor fabrication, and biotechnology. With the acquisition of Lightwave, JDSU added solid-state lasers that range from lowto-high powers and ultraviolet, visible, and infrared wavelengths to its high power single emitter laser diodes, fiber lasers, argon ion, and helium neon lasers. Other significant acquisitions E2O Communications, Inc. In May 2004, JDSU acquired E2O Communications, Inc., a developer and manufacturer of optical transceivers to support Fast Ethernet, Gigabit Ethernet, 10 Gigabit Ethernet, 1X-4X Fibre Channel, 10 Gigabit Fibre Channel, ESCON, ATM and SONET. LA Label In January 2003, JDSU completed the acquisition of LA Label, a producer of pressure-sensitive labels, including custom labels, tags, and tickets to distributors and the printing trade. This acquisition allowed JDSU SecureShift pigment technology to be integrated into labels and packaging that protect brand-name consumer goods from counterfeiting. OptronX—Optical Transceiver/ Transponder Business In September 2002, JDSU acquired OptronX’s business of microprocessor-based transceiver designs. The acquisition added uncooled 10 Gbit/s short reach (SR) and very short reach (VSR) transponders to the JDSU transmission module portfolio, which also includes other reaches for telecommunications, a XENPAK module for data communications for 10 Gbit/s data-rate applications, as well as modules for applications at other data rates. Scion Photonics, Inc. In April 2002, JDSU acquired Scion Photonics, Inc., a
provider of photonic solutions based on planar lightwave circuit manufacturing using 200 mm wafers, advanced packaging, and automated fiber interfacing capabilities. The addition of Scion’s experience in semiconductor manufacturing, specifically chemical vapor deposition (CVD), and optical materials technology, allowed JDSU to deliver silicabased waveguide devices. IBM Optical Transceiver Business In January 2002, JDSU acquired the IBM Optical Transceiver business (formerly the IBM Transport Business Line), a provider of optical products supporting host-to-host and highspeed interconnects within a system. IBM’s optical data communications products included small form factor (SFF) transceivers and Gigabit Interface Converters (GBIC) for storage area networks (SAN) and local area networks (LAN) using optical Fiber Channel and Gigabit Ethernet protocols. The acquisition allowed JDSU to design and develop standards-compliant 1 through 10 gigabit data communications transceivers. The patented latch designs are especially useable for the hot pluggability needed to achieve maximum network up-time or higher manufacturing yields. SDL, Inc. In February 2001, JDSU completed the acquisition of SDL, Inc. a maker of products that power the transmission of data, voice, and Internet information over fiber optic networks for telecommunications, data transmission, dense wavelength division multiplexing (DWDM), and cable television applications. These products allowed customers to meet the bandwidth needs of increasing Internet, data, video, and voice traffic by expanding their fiber optic communications networks more quickly and efficiently than was possible using conventional electronic and optical technologies. E-TEK Dynamics, Inc. In June 2000, JDSU acquired E-TEK Dynamics, Inc., a producer of wavelength division multiplexers (WDMs) designed to increase the bandwidth capacity of fiber optic networks. E-TEK also produced components such as isolators, couplers and integrated optics used in optical communications systems, terrestrial and submarine long-haul fiber optic networks, and short-haul networks, such as metro and cable. Optical Coating Laboratory, Inc. In February 2000, JDSU completed the acquisition of Optical Coating Laboratory, Inc., a
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manufacturer of optical thin film coatings and components used to control and enhance light propagation to achieve specific effects, such as reflection, refraction, absorption, and wavelength separation. This functionality is essential in the fiber optic telecommunications industry and other important markets. As the demand for bandwidth continues to the drive the need of system manufacturers to increase the number of wavelengths in their wavelength division multiplexing (WDM) systems, optical thin film coating technology is increasingly important. Oprel Technologies Inc. In December 1999, JDSU acquired Oprel Technologies, whose product line included erbium-doped fiber amplifiers (EDFA) for fiber optic networks, as well as test equipment for optoelectronic devices. Oprel also developed packaging for devices, including DFB laser diodes, high-temperature and high-power laser diodes, and semiconductor optical amplifiers. EPITAXX, Inc. In November 1999, JDSU acquired EPITAXX, Inc., whose products includes long wavelength detectors and receivers used for dense wavelength division multiplexing (DWDM) and SONET/SDH transmission, optical network monitoring for terrestrial and undersea networks, test and measurement, and fiber optic analog CATV. IOT GmbH In 1999, JDSU acquired IOT Integrated Optical Technology GmbH, a
company located in Waghaeusel Germany. The company products are PLC waveguide splitter modules based on ion exchange in glass, and PLC DWDM modules leveraging silica on silicon substrates.
1. Dan Levine. "JDS Uniphase Scores a Win in Securities Case," Law.com, November 28, 2007 2. Kevin M. Lacroix. “Defense Verdict in JDSU Securities Trial,” The D&O Diary, November 27, 2007 3. Stanford Law School Securities Class Action Clearinghouse, November 2007
 Chris O’Brien (October 21, 2007). "JDS collapse headed for court". San Jose Mercury News.
• JDSU • JDSU JDS Uniphase Message Board Active community of JDSU investors and watchers. • USA Today article about best and worst stocks of the George W. Bush presidency (JDSU last)