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Slide #59. JDSU — Time-Bandwidth Products
JDSU (NASDAQ: JDSU) today announced that, in connection with the acquisition of Time-Bandwidth Products, a provider of high-powered and ultrafast lasers for the industrial and scientific markets, which was completed on January 26, 2014, it has issued grants of compensatory restricted stock unit awards to Time-Bandwidth employees joining JDSU in connection with the acquisition. The restricted stock unit awards to be granted to those employees by JDSU are generally comparable to equity awards that JDSU grants to its similarly situated new employees. These grants were made under the JDS Uniphase Corporation 2005 Acquisition Equity Incentive Plan, which was approved by the Board of Directors of JDSU, but not submitted for the approval of the stockholders of JDSU.
JDS Uniphase is a provider of network and service enablement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers and enterprises. Co. is also engaged in providing anti-counterfeiting technologies for currencies and other documents and products. In addition, Co. delivers commercial lasers for manufacturing applications. To serve its markets, Co. operates the following business segments: Network and Service Enablement, Communications and Commercial Optical Products, and Optical Security and Performance Products.
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Buy (2.93 out of 4)
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