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JDS Uniphase announced a key milestone in its transformative business strategy to achieve profitability and increase corporate agility by reducing cost structure and eliminating non-core products.

Specifically, the Company will:

"These initiatives are part of a multi-quarter business transformation strategy for JDS Uniphase to achieve profitability by reducing cost structure and improving corporate agility," said President and CEO Kevin Kennedy. "We firmly believe that our ability to restructure major operations and rationalize our current portfolio, while investing in next-generation products, positions JDS Uniphase for success and differentiates us from the competition."

The facility transfers to Fabrinet are expected to be completed by the end of the current quarter, ending June 30, 2005, while the remaining actions are expected to be completed by the end of the second quarter of fiscal 2006, ending December 31, 2005.

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