Tech's Top Turnaround Artists

By Bloomberg Rankings and Marcus Chan - 2013-10-18T00:20:24Z

Photograph by Noah Berger/Bloomberg

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5. Thomas Waechter, JDS Uniphase

Before: JDS Uniphase's total return was down 79.5 percent in the two years before the company announced Thomas Waechter would be the new CEO. By comparison, the S&P 500's total return was down 35.5 percent during that same period.

After: Since Waechter's appointment in December 2008, JDS Uniphase's stock had a total return of 308.5 percent as of Oct. 11. By comparison, the S&P 500 had a total return of 116.7 percent during the same period.

When Waechter became CEO, he stepped up research spending despite the recession. Innovations developed during that time later fueled revenues in JDS's optical-components and communications-test businesses.

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