JDS Uniphase Corporation Announces Offering of Senior Convertible Notes

JDS Uniphase Corporation Announces Offering of Senior Convertible Notes 


SAN JOSE, Calif., Oct. 27  /PRNewswire-FirstCall/ -- JDS Uniphase Corporation
(Nasdaq: JDSU; TSX: JDU) today announced its intention to sell, subject to
market and other conditions, $400 million of Zero Coupon Senior Convertible
Notes due 2010 in a private, unregistered offering. The Company expects to grant
the initial purchasers an over-allotment option to purchase up to an additional
$75 million principal amount of the notes. The notes will be convertible into
the Company's common stock subject to satisfaction of certain conditions. The
Company intends to use the net proceeds of the offering for general corporate
purposes, including internal research and development programs, general working
capital and possible future acquisitions and strategic investments.

This announcement does not constitute an offer to sell, nor is it a solicitation
of an offer to buy, securities. Any offers of the securities will be made only
by means of a private offering circular. The notes, and the shares of common
stock issuable upon conversion of the notes, have not been registered under the
Securities Act of 1933, as amended, or the securities laws of any other
jurisdiction, and may not be offered or sold in the United States without
registration under, or an applicable exemption from, the registration
requirements of the Securities Act. 

DATASOURCE: JDS Uniphase Corporation



CONTACT:  Investors - Ronald C. Foster, Chief Financial Officer,

[phone], or Media - Gerald Gottheil, Director of Corporate

Communications, [phone], both of JDS Uniphase



Web site:  http://www.jdsu.com/ 

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