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Telecom & Wireless

JDSU Pulls A Feather Out of Its Hat

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By Douglas A. McIntyre Published
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JDSU (JDSU-NASDAQ) is perhaps one of the largest thorns out there are far as tech blow-ups that survived the tech bubble in 2000. The company just announced that it expects revenue for its fiscal 2007 second quarter to exceed the Company’s previously issued revenue guidance of $332 to $352 million to be within a new range of $360 to $365 million.  Consensus estimates were roughly $342 million.

The company said that its Communications Test and Measurement segment performed particularly well during the quarter 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.

Shares closed down 2.6% at $15.79, and shares are up over 12% at $17.80 in after-hours trading.  Its adjusted 52-week trading after the reverse split is $13.93 to $34.40.  Maybe not all of the tech companies are being treated poorly after all.

Jon C. Ogg
January 18, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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