JDS Uniphase Will Slash 7,000 Jobs
JDS Uniphase (JDSU ) posted a $0.36 Q4 loss excluding items vs. $0.14 EPS on a 6% sales decline. JDS says the fiscal 2001 loss was $50.6B, including write-downs and says it will restate Q3 results. WR Hambrecht downgraded. S&P maintains avoid. WR Hambrecht downgraded.
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