JDS Uniphase warns again
After last week’s respectable tech stock rally on the Nasdaq, JDS Uniphase reminded everyone of the reality of the present times today by warning it will have continued slow sales in the fiscal third quarter. Sales for the third quarter ending in March are expected to be about 10% to 15% less than the previous quarter.
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After revising restructuring plans several times, JDS Uniphase has cut about half of its work force. And as of press time, JDSU stock prices had slipped 56 cents to $9.97 per share.
--Liane LaBarba, senior editor
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© 2012 Penton Media Inc.
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