By John Oates, 25 January 2002 09:58
NEWS JDS Uniphase shares fell more than 8 per cent in after hours trading yesterday as the optical networking company issued a profit warning. The company said in a statement: "Recent changes to its sales forecasts have caused the company to be uncertain that the March quarter will represent the low point in sales, although it continues to believe that recovery from the low point is expected to initially to be modest." JDS said in October that it expected sales for the quarter to fall between 10 and 15 per cent.
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