JDSU
Names Industry Veteran Helmut Berg
to
Lead Communications Test & Measurement Business
Milpitas,
Calif., May 17, 2007 -- JDSU today announced that Helmut Berg has been appointed
to lead its Communications Test & Measurement business, replacing John
Peeler who has announced his plans to leave the company in June.
Berg
has
served JDSU CommTest for 14 years in a variety of senior executive positions,
most recently as senior vice president of its Lab & Production product
division. Berg will now report to Kevin Kennedy, JDSU’s president and chief
executive officer, and will oversee the Communications Test and Measurement
senior management team.
Since
joining the company in 1993, Helmut has led the conceptualization and
development of some of JDSU’s most successful test and measurement innovations
and managed every product line across its Lab & Production, Field Service
and Service Assurance Solutions portfolio. He also served on the Board of
the
Alliance for Telecommunications Industry Solutions (ATIS).
“We
are
very pleased to have the established leadership and experience of Helmut
Berg
managing JDSU’s Communications Test and Measurement business as we continue to
capitalize on our strong market leadership in this segment,” said Kennedy. “We
also want to thank John Peeler for his dedication, significant contributions
and
years of service and support of JDSU.”
“I
am
proud to have been a part of this great team and look forward to taking on
new
challenges in a new industry,” said Peeler. “I leave JDSU’s Communications Test
and Measurement business knowing that it is in good hands and well positioned
to
build on its long history of test and measurement innovation and
leadership.”
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 the 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/Bernie
Tylor, 240-404-1913 or bernie.tylor@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.
