JDS Uniphase Corp. (Nasdaq: JDSU - message board; Toronto: JDU) stock shot up 16 percent this morning as the company announced its long-awaited return to profitability.
Could this be the return of JDSU to power? I’ve been hearing a lot about tunable optical components lately. Here is what Kevin Kennedy of JDSU has to say about that:
Among the product lines Kennedy name-dropped was the tunable transponder business acquired with Agility Communications. Demand there has outgrown Agility’s Santa Barbara, Calif., site, so manufacturing is being spread to other facilities and to contract manufacturers.
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