nasdaq jdsu s & p 500 component industry optical products and broadband communications predecessor jds fitel uniphase corporation 1999 successor viavi solutions lumentum headquarters milpitas california usa 1 number of locations 80 offices serving customers in more than 160 countries key people thomas h. waechter 1 ceo president and director david w. vellequette cfo products communications test and measurement equipment ; optical communications components modules and subsystems . lasers used for biotechnology semiconductor manufacturing and materials processing . thin film coatings components and assemblies used to manage light for displays instrumentation office automation and aerospace defense . optical solutions for brand protection and document authentication ; and decorative coatings for brand enhancement and differentiation revenue us 1.709 billion 2015 2 operating income us 88.1 million 2015 2 net income us 88.1 million 2015 2 total assets us 2.218 billion 2015 2 total equity us 1.101 billion 2015 2 number of employees 5 100 2015 1 website jdsu.com jds uniphase corporation was a company that designed and manufactured products for optical communications networks communications test and measurement equipment lasers optical solutions for authentication and decorative applications and other custom optics . it was headquartered in milpitas california . it was formerly known as jds uniphase prior to a rebranding of its corporate image on september 14 2005 . the legal entity was called jds uniphase corporation but more commonly called jdsu . on august 2015 jdsu split into two different companies viavi solutions and lumentum . contents 1 history 1.1 formation 1.2 relocation from canada 1.3 stock 1.4 shareholder litigation 1.5 split into viavi and lumentum 2 references 2.1 litigation references 3 external links history edit formation edit uniphase was started in 1979 in a san jose california garage and made lasers for chip makers and scanners . 3 in 1981 jds optics was founded in canada by jozef straus philip garel jones gary duck and bill sinclair . the jds is short for jones duck and straus sinclair . 4 the company became jds fitel when it formed a partnership with fitel a fiber optic and optical connector company . 5 in 1999 jdsu was formed by the merger between jds fitel and uniphase 6 and became known as jds uniphase subsequent to the merger . 7 three other major fiber companies were acquired by jds uniphase during the telecom boom optical coating laboratory inc. ocli bought for 2.8 billion and based in santa rosa california 8 e tek dynamics bought for 15 billion and sdl bought for 45 billion both based in san jose california . 9 relocation from canada edit in 2003 ceo straus retired and the company moved its headquarters to san jose california to consolidate its business . 10 in 2006 the company moved its headquarters to milpitas california . citation needed stock edit during the 1990s jds uniphase stock was a high flyer tech stock investor favorite . its stock price doubled three times and three stock splits of 2 1 occurred roughly every 90 days during the last half of 1999 through early 2000 making millionaires of many employees who were stock option holders and further enabling jds uniphase to go on an acquisition and merger binge . after the telecom downturn jds uniphase announced in late july 2001 the largest up to then write down of goodwill . employment soon dropped as part of the global realignment program from nearly 29 000 to approximately 5 300 many of its factories and facilities were closed around the world and the stock price dropped from 153 per share to less than 2 per share . on september 23 2005 jdsu announced a reverse stock split one to eight . 11 shareholder litigation edit after the 2001 crash of the telecommunications industry the state of connecticut filed a lawsuit against the company and four key executives claiming that they had misled and hid from company shareholders advance knowledge of the company s impending downturn . unlike most similar lawsuits which are dismissed or settled before trial connecticut s lawsuit went to trial in october 2007 . jdsu was acquitted of all charges in november 2007 . 12 split into viavi and lumentum edit on august 1 2015 jdsu split into viavi solutions and lumentum holdings inc. 13 references edit a b c more on jdsu ; profile . yahoo finance . july 1 2011 . retrieved march 18 2015 . a b c d e fy11 form 10 k . viavi solutions inc. 2015 08 25 . retrieved 2016 10 13 . malik om 2003 05 30 . broadbandits inside the 750 billion telecom heist . john wiley & sons . p. 284 . isbn 0471434051 . the speed of light . theglobeandmail.com . 2009 03 21 . retrieved 2016 10 13 . what s new with jdsu in ottawa . obj.ca . 2013 05 03 . retrieved 2016 10 13 . uniphase and jds fitel agree to merge . nytimes.com . 1999 01 29 . retrieved 2016 10 13 . jds fitel merges with u.s. company . cbc.ca . 1999 01 29 . retrieved 2016 10 13 . evolving jds uniphase to acquire ocli . laserfocusworld.com . 1999 11 15 . retrieved 2016 10 13 . gorilla in the midst jds uniphase is poised to become king of the fiber optics jungle . is it too late to swing along . fortune.com . 2000 08 14 . retrieved 2016 10 13 . jds to shut ottawa hq as straus departs . theglobeandmail.com . 2003 08 22 . retrieved 2016 10 13 . jds uniphase stock just walk on by . usatoday.com . 2010 08 26 . retrieved 2016 10 13 . chris o brien november 27 2007 . jury clears former jdsu execs . san jose mercury news . retrieved 2016 10 13 . viavi solutions lumentum begin life as jdsu is no more . lightwaveonline.com . 2015 08 03 . retrieved 2016 10 13 . litigation references edit dan levine . jds uniphase scores a win in securities case law.com november 28 2007 kevin m. lacroix . defense verdict in jdsu securities trial the d & o diary november 27 2007 stanford law school securities class action clearinghouse november 2007 1 external links edit jdsu jdsu jds uniphase message board active community of jdsu investors and watchers . usa today article about best and worst stocks of the george w. bush presidency jdsu last coordinates 37 26 11 n 121 55 23 w 37.4365 n 121.923 w 37.4365 ; 121.923 retrieved from https en.wikipedia.org w index.php title jdsu & oldid 744207247 categories electronics companies of the united statescompanies based in milpitas californiatechnology companies established in 1999photonics companiesoptics manufacturing companiesbuildings and structures in milpitas californiacompanies formerly listed on nasdaqhidden categories all articles with unsourced statementsarticles with unsourced statements from october 2016coordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 13 october 2016 at 19 44 . text is available under the creative commons attribution sharealike license ; 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