Light engine developer JDS Uniphase has postponed release of its ...
Light engine developer JDS Uniphase has postponed release of its 4th-quarter and fiscal 2005 earnings to finish a year-end audit of its financial statements, it said. Based on preliminary results, JDS expects revenue for 2005’s 4th fiscal quarter to…
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be about $170 million, with an improvement in gross margin from the previous quarter. JDS said quantity, complexity and accounting of one-time transactions delayed completion of this year’s audit. JDS, once supplier of LCoS light engines to Brillian, has moved in recent months to sell and acquire companies. In May, JDS sold its cable business to Emcore and agreed to buy test company Acterna. It signed an agreement to acquire power over fiber company Photonic Power Systems. In its 3rd fiscal quarter, JDS posted a $38.6 million net loss on sales of $166.3 million.