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Revenue dips at Santa Rosa JDSU unit

  • 4/22/2005: A15: Matthew Wallace stacks front surface mirrors for large-screen rear-projection TV sets Thursday at the JDS Uniphase plant in Santa Rosa. Nearly 30 percent of local employees are being laid off in a companywide restructuring, and the Santa Rosa plant will stop manufacturing several products.
    PC: Matthew Wallace (CQ) stacks front surface mirror's, for large screen rear projection television set's, Thursday April 21, 2005 at the JDS Uniphase plant in Santa Rosa. JDS Uniphase will lay off more than 25 percent of it's employees in a company wide restructuring, in which the Santa Rosa plant will stop manufacturing several products.

JDSU's Santa Rosa-based optical division saw revenues dip 1 percent to $58.1 million in the fourth quarter, the company reported Tuesday.

The Advanced Optical Technologies division, which has about 500 workers in Santa Rosa, rang up $225.7 million in sales for the fiscal year ending June 30, down 2 percent from the previous year.

Overall, JDSU reported a loss of $24.3 million, or 10 cents a share, on $439.3 million in revenue during the quarter. A year earlier, it posted a profit of $9.3 million, or 4 cents a share, on revenue of $471.8 million in the same period.

The results exceeded Wall Street expectations. JDSU stock, which closed at $10.68 a share Tuesday, rose 4 percent in after-hours trading.

"JDSU's execution on its strategic priorities is leading to market share gains and financial leverage despite challenging economic conditions," JDSU president and CEO Tom Waechter said in a statement.


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