JDSU
APPOINTS PRESIDENT OF OPTICAL COMMUNICATIONS GROUP
Milpitas,
California, April 9, 2007 -
JDSU
today announced the appointment of David Gudmundson as President of Optical
Communications. In his new role, Mr. Gudmundson will be responsible for Optical
Communications sales, operations and product development, completing the
integration of these functions under a single Optical Communications business
leader.
Mr.
Gudmundson joined JDSU in December 2003. As Senior Vice President of Corporate
Development and Marketing, Mr. Gudmundson played an integral role in a number
of
strategic transactions - including the acquisitions of Lightwave Electronics,
Acterna, and Agility Communications - diversifying the company’s portfolio and
expanding the company’s opportunity in the growing and profitable markets for
test and measurement equipment, tunable transponders and solid state lasers.
“I
am
very excited by this new opportunity within our Optical Communications group,
where JDSU already demonstrates market leadership,” said Mr. Gudmundson.
“Building on that foundation, our focus will be on driving innovation, customer
satisfaction, quality and improved profitability.”
Prior
to
joining JDSU, Mr. Gudmundson held a series of increasingly senior leadership
roles at Cisco, culminating in his service as Vice President and General
Manager
of Cisco’s security server, DSL, and edge routing business units. Prior to
Cisco, Mr. Gudmundson held various hardware and software development and
systems
engineering positions at Argo Systems, Inc. (now part of The Boeing
Company) and ESL Incorporated (now part of TRW).
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.
Contact
Information
Investors: Jacquie
Ross, 408-546-4445 or investor.relations@jdsu.com
Press:
Kathleen
Greene, 408-546-5852 or kathleen.greene@jdsu.com
Forward
Looking Statements
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
include: (i) any anticipation or guidance as to future financial performance;
(ii) any statement or implication that JDSU’s markets and/or JDSU’s share
thereof will grow, grow at the rate predicted by third parties, or that (iii)
JDSU’s products will be successfully introduced or marketed, will be
qualified and purchased by our customers, or will perform to any particular
specifications or performance or reliability standards. 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.
