Litton Reports FY2000 First-Quarter Results
Nepean, Ontario and San Jose, CA. JDS Uniphase Corporation (Nasdaq:JDSU) (TSE: JDU) and Furukawa Electric Co., Ltd. announced today that they look forward to ongoing collaboration with each other on future developments of optoelectronic and manufacturing technologies for rapidly developing fiberoptic markets. Furukawa Electric also reaffirmed its intention not to compete with JDS Uniphase on future products.
Kevin Kalkhoven, Co-Chairman and CEO of JDS Uniphase stated, "Furukawa Electric has been a partner of JDS Uniphase for many years, and we look forward to continued collaboration with them. Our relationship with Furukawa has helped us to develop and grow our business and we expect it to continue for the benefit of our customers and stockholders."
Junnosoke Furukawa, President and CEO of Furukawa Electric, added, "We are pleased to continue this co-operative relationship with JDS Uniphase and believe it will provide significant benefits to our customers in the future. We have a long-standing and excellent partnership, and we will continue to support JDS Uniphase in its endeavors. Consequently, we do not anticipate making any significant changes in our holdings of JDS Uniphase shares."
JDS Uniphase is a high technology company that designs, develops, manufactures and distributes a comprehensive range of products for the growing fiberoptic communications market. These products are deployed by system manufacturers worldwide to develop advanced optical networks for the telecommunications and cable television industries. JDS Uniphase Corporation is traded on the Nasdaq National Market under the symbol JDSU and the exchangeable shares of JDS Uniphase Canada Ltd. are traded on The Toronto Stock Exchange under the symbol JDU. More information on JDS Uniphase is available at www.jdsunph.com.
Furukawa Electric Co., Ltd. of Japan is a world leader in fiberoptics and optoelectronics technology and products.
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 may be identified by their use of forward-looking terminology such as "believes," "expects," "may," "should," "would," "will," "intends," "intention", "plans," "estimates," "anticipates," and similar words. Such forward-looking statements include, but are not limited to, statements regarding the future benefits of collaboration between the companies. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, factors discussed from time to time in reports filed by JDS Uniphase Corporation with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and neither JDS Uniphase Corporation nor Furukawa Electric Co., Ltd. assumes any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
Contacts:
JDS Uniphase Corporation
Kevin N. Kalkhoven, Tel: 408/434-1800
Anthony R. Muller, Tel: 408/434-1800
www.jdsunph.com
Kevin N. Kalkhoven, Tel: 408/434-1800
Anthony R. Muller, Tel: 408/434-1800
www.jdsunph.com
Web site: http://www.jdsunph.com
