JDSU
ANNOUNCES PRELIMINARY REVENUE RESULTS
FOR
ITS FISCAL 2007 SECOND QUARTER
Second
Quarter Results to Be Announced on January 31st
Milpitas,
California, January 18, 2007 -
JDSU
today announced that it expects revenue for its fiscal 2007 second quarter,
which ended on December 31, 2006, to exceed the Company’s previously issued
revenue guidance of $332 to $352 million.
Based
on
preliminary data, and subject to routine quarter-end close processes, JDSU
currently expects to report 2007 second quarter revenue in the range of $360
to
$365 million.
JDSU’s
Communications Test and Measurement segment performed particularly well during
the second quarter, benefiting from seasonal strength associated with customer
spending patterns and improved execution relative to the previous quarter.
Strong revenue growth in Communications Test and Measurement more than offset
a
small
sequential revenue decline in the Optical Communications segment, associated
with customer supply chain and inventory rationalization.
Conference
Call
The
Company will discuss second quarter results and other related matters at
2:00
p.m. Pacific Time on January 31, 2007 in a live webcast, which will also
be
archived for replay on the Company's website at www.jdsu.com/investors.
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 www.jdsu.com.
Forward-Looking
Statements
This
press release contains, and the discussions in our subsequent conference
call
will contain, forward-looking statements within the meaning of Section 27A
of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of
1934. These statements include: (i) any anticipation or guidance as to future
financial performance, including future revenue, gross margin, operating
expense, operating margin, EBITDA and other financial metrics; and (ii) the
Company's beliefs regarding the purpose, usefulness and efficacy of non-GAAP
results and the measures and items the Company includes in the same, as well
as
any benefits to investors the Company believes its non-GAAP measures provide.
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
Information
Investors:
Jacquie
Ross, 408-546-4445 or investor.relations@jdsu.com
Press:
Kathleen
Greene, 408-546-5852 or kathleen.greene@jdsu.com
