JDSU Buys E2O

SAN JOSE, Calif. –- JDS Uniphase (NASDAQ: JDSU and TSX: JDU) today announced the acquisition of E2O Communications, Inc. As a result of the acquisition, JDS Uniphase expects to strengthen its position in the optical data communications market with an expanded customer base and important new technologies, while gaining greater operational efficiencies.

Under the terms of the agreement, which closed today, JDS Uniphase acquired E2O Communications for approximately $60 million in cash. Founded in 1998 and headquartered in Calabasas, CA, E2O develops and manufactures optical transceivers to support Fast Ethernet, Gigabit Ethernet, 10 Gigabit Ethernet, 1X-4X Fibre Channel, 10 Gigabit Fibre Channel, ESCON, ATM and SONET. E2O is a supplier to major datacom customers, including seven that are additive to JDS Uniphase’s customer base. E2O revenue in recent quarters has been in excess of $5M.

“E2O has been an excellent supplier to us and we now look forward to continuing and expanding that relationship with JDS Uniphase,” said Bob Finley, vice president of manufacturing for McDATA Corporation. “We have already met with members of the JDS Uniphase integration team, and have taken the first steps in planning for the acquisition.”

JDS Uniphase Corp.