OTTAWA and SAN JOSE, Calif. -- JDS Uniphase Corporation (Nasdaq: JDSU and Toronto: JDU) today revised its outlook for the current quarter. The Company anticipates net sales for the first quarter ending September 30, 2002 will be $190 to $200 million as compared to earlier guidance of $200 to $210 million. The anticipated revenue decline is due to continuing weakness in the Company's telecommunications markets. Consistent with earlier guidance, the Company expects to report a pro forma net loss of $0.06 to $0.08 per share, excluding charges under the Global Realignment Program. Also consistent with earlier guidance, the Company anticipates that contract cancellation revenue included in the above sales guidance will be $10 to $20 million for the quarter. JDS Uniphase Corp.