JDSU News Articles

JDSU Highlights Collaborative Innovation with Infinera

Tue, 07 Feb 2012 10:30:22 GMT

Milpitas, California, February 7, 2012 – JDSU (NASDAQ: JDSU and TSX: JDU) today launched a new video segment as part of its Different View campaign on JDSU.tv. The segment highlights how JDSU collaborates closely with customers to provide innovative solutions that help advance the optical communications market.

The main video features leading optical manufacturer Infinera and covers how the company works closely with JDSU to bring forth new optical communications solutions that enable faster and more reliable connectivity in response to growing demand for voice, video, and wireless applications among consumers.

Three supporting videos on JDSU.tv highlight various aspects of JDSU culture that foster both innovation and collaboration at the company. Topics include the JDSU Innovation Council, JDSU customer service and employee culture at the company.

“Collaboration with suppliers like JDSU provides a strategic advantage to Infinera,” said Tom Fallon, CEO at Infinera.“Together we bring innovative solutions to market that unleash the market potential of optical transport networks for global network operators.”

“At JDSU, collaborative innovation starts with understanding our customers’ needs and working together on a daily basis to create successful solutions,” said Alan Lowe, president of the CCOP business segment at JDSU. “Infinera is an important customer for JDSU because they help us drive innovation and stay ahead the curve in terms of what the optical communications industry needs now and in the future.”

To learn more about Infinera, go to: http://www.infinera.com/.

About JDSU
JDSU (NASDAQ: JDSU; and TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. To learn more about JDSU, please visit www.jdsu.com and www.jdsu.tv. Follow us on JDSU Perspectives, Twitter, Facebook and YouTube.

Contacts
Press: Noël Bilodeau 408-546-4567 or noel.bilodeau@jdsu.com
Investors: Michelle Levine Schwartz 408-546-4421or michelle.schwartz@jdsu.com

###

JDSU Announces Fiscal 2012 Second Quarter Results

Wed, 01 Feb 2012 18:11:43 GMT

GAAP Revenue of $412.8 million; Non-GAAP Revenue of $413.1 million
GAAP Gross margin of 42.4%; Non-GAAP Gross margin of 46.8%
GAAP EPS of $(0.04); Non-GAAP EPS of $0.15

Milpitas, California, February 1, 2012 – JDSU (NASDAQ: JDSU; and TSX: JDU) today reported results for its second fiscal quarter ended December 31, 2011.

On a GAAP basis, net revenue for the second fiscal quarter of 2012 was $412.8 million and net loss was $(10.2) million, or $(0.04) per share. This compares to net revenue of $420.8 million and net loss of $(5.8) million, or $(0.03) per share for the prior quarter, and net revenue of $473.5 million and net income of $23.6 million, or $0.10 per share for the second fiscal quarter of 2011.

On a non-GAAP basis, net revenue for the second fiscal quarter of 2012 was $413.1 million and net income was $35.8 million or $0.15 per share. This compares to non-GAAP net revenue of $421.1 million and net income of $40.9 million, or $0.18 per share for the prior quarter, and non-GAAP net revenue of $477.2 million and net income of $67.0 million or $0.29 per share for the second fiscal quarter of 2011.

“Our fiscal second quarter financial results surpassed our expectations. The outstanding efforts of our team and our manufacturing partner in Thailand coupled with our continued focus on expense control resulted in revenue and operating income that exceeded our guidance. Our balance sheet remains strong and we generated over $45 million of cash from operations during the quarter,” said Tom Waechter, JDSU’s President and Chief Executive Officer. “Looking ahead, we are pleased with the improving demand for our products, as evidenced by a book to bill of greater than one in each of our business segments, although we expect macro-economic conditions to cause margin pressure in the near-term.”

Financial Overview – Second Fiscal Quarter Ended December 31, 2011

All numbers in this section are non-GAAP unless stated otherwise.

Net revenue of $413.1 million decreased 1.9% compared to the prior quarter and decreased 13.4% compared to the second quarter of fiscal 2011.
Gross margin was 46.8% compared to 47.3% in the prior quarter and 48.8% in the second quarter of fiscal 2011.
Operating margin was 9.6% compared to 10.9% in the prior quarter and 15.3% in the second quarter of fiscal 2011.
Communications Test and Measurement revenue of $196.2 million increased by 5.9% compared to the prior quarter and decreased 15.2% compared to the second quarter of fiscal 2011. Revenue from this segment represented 47.5% of total net revenue.
Communications and Commercial Optical Products revenue of $163.2 million decreased 9.5% compared to the prior quarter and decreased 14.6% compared to the second quarter of fiscal 2011. Revenue from this segment represented 39.5% of total net revenue.

Optical Communications revenue of $138.1 million decreased 8.0% compared to the prior quarter and decreased 18.0% compared to the second quarter of fiscal 2011.
Commercial Lasers revenue of $25.1 million decreased 16.9% compared to the prior quarter and increased 10.6% compared to the second quarter of fiscal 2011.

Advanced Optical Technologies revenue of $53.7 million decreased 3.4% compared to the prior quarter and decreased 1.8% compared to the second quarter of fiscal 2011. Revenue from this segment represented 13.0% of total net revenue.
Americas’ customers represented 51% of total net revenue for the quarter. EMEA and Asia-Pacific customers represented 24% and 25%, respectively, of total net revenue.
The Company held $755.6 million in total cash and investments and generated $45.7 million of cash from operations for the quarter ended December 31, 2011.

Business Outlook

For the third quarter of fiscal 2012, ending March 31, 2012, the Company expects non-GAAP net revenue to be in the range of $410 to $425 million.

Conference Call

The Company will discuss these results and other related matters at 2:00 p.m. Pacific Time on February 1, 2012 in a live webcast, which will also be archived for replay on the Company’s website at www.jdsu.com/investors. The Company will post and distribute slides outlining the Company’s latest financial results concurrent with this earnings press release. They will be posted on www.jdsu.com/investors under the “Financial Information” section. This press release is being furnished as a Current Report on Form 8-K with the Securities and Exchange Commission, and is available at www.sec.gov.

About JDSU

JDSU (NASDAQ: JDSU; and TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands, and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. More information is available at www.jdsu.com.

Forward-Looking Statements

This press release contains, and the discussions in our subsequent conference call will contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include: (i) any anticipation or guidance as to future financial performance, including future revenue, gross margin, operating expense, operating margin, cash flow and other financial metrics; and (ii) the Company’s beliefs regarding the purpose, usefulness and efficacy of non-GAAP results and the measures and items the Company includes in the same, as well as any benefits to investors the Company believes its non-GAAP measures provide. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. In particular, the Company’s ability to predict future financial performance continues to be difficult due to, among other things: (a) continuing general limited visibility across many of our product lines exacerbated by continued credit and financial market uncertainty, as well as the migration to vendor managed inventory programs; (b) quarter-over-quarter product mix fluctuations, which can materially impact profitability measures due to the broad gross margin range across our portfolio; (c) consolidation of our customer base, which, in the shorter term limits demand visibility, and, in the longer term, could reduce our business potential; (d) average selling prices continue to decline across our businesses; (e) our Communications Test and Measurement business experiences notable seasonality and a significant level of in-quarter book-and-ship business, further limiting our forecasting abilities; (f) we are currently engaged in various product and manufacturing transfers, site consolidations and product discontinuances, which has caused and may cause short term disruptions; and (g) the ability of our suppliers and contract manufacturers to meet production and delivery requirements to our forecasted demand.

For more information on these and other risks affecting the Company’s business, please refer to the “Risk Factors” section included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 2, 2011 filed with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.

Contact Information

Investors: Michelle Levine Schwartz, 408-546-4421 or michelle.schwartz@jdsu.com
Press: Jim Monroe, 240-404-1922, or jim.monroe@jdsu.com

The following financial tables are presented in accordance with GAAP, unless otherwise specified.

-SELECTED FINANCIAL DATA -

JDS UNIPHASE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
(unaudited)

		Three Months Ended						Six Months Ended
		December 31,			January 1,			December 31,			January 1,
		2011			2011			2011			2011
Net revenue		$	412.8		$	473.5		$	833.6		$	878.7
Cost of sales			222.4			245.6			446.3			463.4
Amortization of acquired technologies			15.4			14.1			29.7			28.2
Gross profit			175.0			213.8			357.6			387.1
Operating expenses:
	Research and development		59.4			60.2			119.2			116.6
	Selling, general and administrative		106.0			109.5			217.2			216.7
	Amortization of other intangibles		7.2			8.0			14.1			16.6
	Restructuring and related charges		4.0			2.5			5.5			2.8
Total operating expenses			176.6			180.2			356.0			352.7
Income (loss) from operations			(1.6	)		33.6			1.6			34.4
Interest and other income (expense), net			0.9			1.5			0.8			1.8
Interest expense			(6.6	)		(6.4	)		(13.2	)		(12.7	)
Gain on sale of investments			0.1			0.1			1.2			3.3
Income (loss) before income taxes			(7.2	)		28.8			(9.6	)		26.8
Provision for income taxes			3.0			5.2			6.4			3.1
Net income (loss)		$	(10.2	)	$	23.6		$	(16.0	)	$	23.7


Net income (loss) per share from:
	Basic	$	(0.04	)	$	0.11		$	(0.07	)	$	0.11
	Diluted	$	(0.04	)	$	0.10		$	(0.07	)	$	0.10

Shares used in per share calculation:
	Basic		229.4			222.9			228.9			222.4
	Diluted		229.4			229.1			228.9			228.2



JDS UNIPHASE CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions, unaudited)

				December 31,		July 2,
				2011		2011
ASSETS
Current assets:
	Cash and cash equivalents			$	415.2	$	395.4
	Short-term investments				306.1		297.4
	Restricted cash				34.3		35.9
	Accounts receivable, net				287.5		334.0
	Inventories, net				186.9		171.2
	Prepayments and other current assets				72.9		70.2
		Total current assets			1,302.9		1,304.1
Property, plant and equipment, net					262.0		248.9
Goodwill					66.8		67.4
Intangible assets, net					232.2		275.4
Long-term investments					1.3		2.9
Other non-current assets					50.3		52.0
		Total assets		$	1,915.5	$	1,950.7
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable			$	126.6	$	145.4
	Accrued payroll and related expenses				74.5		76.7
	Income taxes payable				20.3		21.5
	Deferred revenue				73.3		83.5
	Accrued expenses				52.0		50.5
	Other current liabilities				35.9		41.0
		Total current liabilities			382.6		418.6
Long-term debt					295.7		285.8
Other non-current liabilities					172.6		180.9
		Total stockholders' equity			1,064.6		1,065.4
			Total liabilities and stockholders' equity	$	1,915.5	$	1,950.7



JDS UNIPHASE CORPORATION
REPORTABLE SEGMENT INFORMATION
(in millions, unaudited)

				Three Months Ended						Six Months Ended
				December 31,			January 1,			December 31,			January 1,
				2011			2011			2011			2011

Net revenue:
	Communications Test and Measurement			$	196.2		$	231.4		$	381.4		$	414.2
	Communications and Commercial Optical Products				163.2			191.1			343.5			359.1
	Advanced Optical Technologies				53.7			54.7			109.3			115.2
	Deferred revenue related to purchase accounting adjustment				(0.3	)		(3.7	)		(0.6	)		(9.8	)
			Net revenue	$	412.8		$	473.5		$	833.6		$	878.7

Operating income (loss):
	Communications Test and Measurement			$	28.0		$	44.8		$	52.1		$	66.4
	Communications and Commercial Optical Products				16.6			34.0			42.2			58.2
	Advanced Optical Technologies				16.5			17.7			33.9			39.8
	Corporate				(21.6	)		(23.4	)		(42.6	)		(46.9	)
			Total segment operating income		39.5			73.1			85.6			117.5
		Unallocated amounts:
		Stock-based compensation			(12.5	)		(10.0	)		(24.1	)		(19.0	)
		Acquisition-related charges and amortization of intangibles			(22.9	)		(25.9	)		(44.4	)		(54.7	)
		Loss on disposal of long-lived assets			(0.2	)		-			(0.7	)		-
		Restructuring and related charges			(4.0	)		(2.5	)		(5.5	)		(2.8	)
		Realignment and other charges			(1.5	)		(1.1	)		(9.3	)		(6.6	)
		Interest and other income			0.9			1.5			0.8			1.8
		Interest expense			(6.6	)		(6.4	)		(13.2	)		(12.7	)
		Gain on sale of investments			0.1			0.1			1.2			3.3
		Impairment of investments			-			-			-			-
	Income (loss) from continuing operations before income taxes			$	(7.2	)	$	28.8		$	(9.6	)	$	26.8

Use of Non-GAAP (Adjusted) Financial Measures

The Company provides non-GAAP net revenue, non-GAAP net income (loss) and non-GAAP net income (loss) per share financial measures as supplemental information regarding the Company’s operational performance. The Company evaluates Company-wide segment performance using, among other things, the measures disclosed in this release for the purposes of evaluating the Company’s historical and prospective financial performance, as well as its performance relative to its competitors. Specifically, management uses these items to further its own understanding of the Company’s core operating performance. The Company believes its “core operating performance” represents the Company’s performance in the ordinary, ongoing and customary course of its operations. Accordingly, management excludes from “core operating performance” those items, such as those relating to restructuring, investing, stock-based compensation expense and non-cash activities that management does not believe are reflective of such ordinary, ongoing and customary course activities.

The Company believes that providing this information to its investors, in addition to the GAAP presentation, allows investors to see Company results “through the eyes” of management. The Company further believes that providing this information allows Company investors to both better understand the Company’s financial performance and, importantly, to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance.

The non-GAAP adjustments described in this release have historically been excluded by the Company from its non-GAAP measures. The non-GAAP adjustments, and the basis for excluding them, are outlined below.

Revenue from acquisition related deferred revenue: The Company excludes the fair value adjustment to acquisition related deferred revenue when calculating non-GAAP revenue. The Company believes that the non-GAAP revenue provides useful information for the investors as they review for underlying trends in the business and facilitate the investors’ comparisons of the Company’s revenue performance with prior and future periods and to the Company’s peers.

Cost of sales, costs of research and development and costs of selling, general and administrative: The Company has incurred periodic expenses, included in its GAAP presentation of gross margin and operating expenses that may include (i) additional depreciation from changes in estimated useful life and the write-down of certain property and equipment that has been identified for disposal but remained in use until the date of disposal, (ii) workforce related charges such as severance, retention bonuses and employee relocation costs related to a formal restructuring plan, (iii) costs for facilities not required for ongoing operations, and costs related to the relocation of certain equipment from these facilities and/or contract manufacturer facilities, (iv) stock-based compensation under authoritative guidance, (v) other non-recurring charges comprising mainly of incremental costs as a result of flooding in Thailand at one of our manufacturing partners, Fabrinet, one-time acquisition, integration, litigation contingency and other costs. The Company excludes these items for the purposes of calculating non-GAAP net income (loss) and non-GAAP net income (loss) per share. The Company believes that the impact of these items does not reflect expected future gross profits or operating expenses nor does the Company believe that they provide a meaningful evaluation of current versus past core operational performance.

Gain or loss on sale of available for-sale investments and impairment of investments: The Company has sold investments or adjusted the value of investments from time to time based on market conditions. The Company’s activities in this respect are included in the Company’s GAAP presentation of net income (loss) and net income (loss) per share. The Company’s core business does not include making financial investments in third parties, and such investments do not constitute a material portion of the Company’s assets. Moreover, the amount and timing of gains and losses and adjustments to the value of investments are unpredictable. Consequently, the Company believes that gains or losses on these sales and adjustments to the value of investments are not related to the ongoing core business and operating performance of the Company. The Company excludes these items for the purposes of calculating non-GAAP net income (loss) and non-GAAP net income (loss) per share. The Company believes this GAAP measure is not indicative of the Company’s “core operating performance”.

Amortization of intangibles from acquisitions: The Company records amortization expense related to intangibles. These expenses are included in its GAAP presentation of cost of sales and operating expense, related to the various acquisitions it has made. The Company excludes these items for the purposes of calculating non-GAAP net income (loss) and non-GAAP net income (loss) per share. The Company believes that eliminating this expense from operating income is useful to investors because it believes the GAAP measure, alone, is not indicative of its “core operating performance” on cost of sales and operating expenses.

Non cash interest expense: The Company incurs non-cash interest expense accounted for under the authoritative guidance on convertible debt instruments, which requires to separately account for the liability (debt) and equity (conversion option) components of such instruments. The Company believes that eliminating this item for the purposes of calculating non-GAAP net income (loss) and non-GAAP net income (loss) per share, is useful to investors. The Company describes the impact of this guidance, in its fiscal 2011 annual report on Form 10-K. The Company believes this GAAP measure is not indicative of its “core operating performance”.

Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States. The GAAP measure most directly comparable to non-GAAP net income (loss) is net income (loss). The GAAP measure most directly comparable to non-GAAP net income (loss) per share is net income (loss) per share. The Company believes that these GAAP measures alone are not indicative of its core operating expenses and performance.

The following tables reconcile GAAP measures to non-GAAP measures:

JDS UNIPHASE CORPORATION
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES
(in millions, except per share data)
(unaudited)

				Three Months Ended											Six Months Ended
				December 31,						January 1,					December 31,						January 1,
				2011						2011					2011						2011
				Net income (loss)			Diluted EPS			Net income (loss)			Diluted EPS		Net income (loss)			Diluted EPS			Net income (loss)			Diluted EPS
GAAP measures				$	(10.2	)	$	(0.04	)	$	23.6		$	0.10	$	(16.0	)	$	(0.07	)	$	23.7		$	0.10
	Items reconciling GAAP net income & EPS to Non-GAAP net income & EPS:

	Related to net revenues:
		Deferral of revenues related to purchase accounting			0.3			-			3.7			0.02		0.6			-			9.8			0.04

	Related to cost of sales:
		Stock-based compensation expenses			1.5			0.01			1.1			-		3.3			0.01			2.4			0.01
		Other non-recurring charges			1.2			0.01			0.2			-		1.2			0.01			0.5			0.00
		Amortization of acquired developed technologies			15.4			0.07			14.1			0.06		29.7			0.13			28.2			0.13
	Total related to gross profit				18.4			0.09			19.1			0.08		34.8			0.15			40.9			0.18

	Related to operating expenses:
		Research and development:
			Stock-based compensation expenses		3.1			0.01			2.1			0.01		5.7			0.02			3.9			0.02
			Other non-recurring charges		-			-			-			-		-			-			0.2			0.00
		Selling, general and administrative:
			Stock-based compensation expenses		7.9			0.03			6.8			0.03		15.1			0.07			12.7			0.06
			Other non-recurring charges		0.3			-			1.0			-		8.1			0.03			6.0			0.03
		Amortization of intangibles			7.2			0.03			8.0			0.04		14.1			0.06			16.6			0.07
		Loss on disposal of long-lived assets			0.2			-			-			-		0.7			-			-			-
		Restructuring and related charges			4.0			0.01			2.5			0.01		5.5			0.02			2.8			0.01
	Total related to operating expenses				22.7			0.08			20.4			0.09		49.2			0.20			42.2			0.19

	Interest and other income (expense), net				-			-			(0.7	)		-		-			-			(0.9	)		0.00
	Non-cash interest expense				5.0			0.02			4.7			0.02		9.9			0.05			9.2			0.04
	(Gain) on sale of investments				(0.1	)		-			(0.1	)		-		(1.2	)		-			(3.3	)		(0.02	)
	Total related to net income & EPS				46.0			0.19			43.4			0.19		92.7			0.40			88.1			0.39
Non-GAAP measures				$	35.8		$	0.15		$	67.0		$	0.29	$	76.7		$	0.33		$	111.8		$	0.49

Note: Certain totals may not add due to rounding


JDS UNIPHASE CORPORATION
RECONCILIATION OF GAAP NET REVENUE TO NON-GAAP NET REVENUE
(in millions, unaudited)

		Three Months Ended				Six Months Ended
		December 31,		January 1,		December 31,		January 1,
		2011		2011		2011		2011
GAAP net revenue		$	412.8	$	473.5	$	833.6	$	878.7
	Deferral of revenues related to purchase accounting adjustment		0.3		3.7		0.6		9.8
Non-GAAP net revenue		$	413.1	$	477.2	$	834.2	$	888.5

JDSU to Present at 2012 Morgan Stanley Technology, Media and Telecom Conference

Thu, 02 Feb 2012 11:41:52 GMT

MILPITAS, Calif., February 1, 2012 -- JDSU (NASDAQ: JDSU) (TSX: JDU) today announced that Dave Vellequette, JDSU's Chief Financial Officer, will make a presentation on behalf of the Company at the 2012 Morgan Stanley Technology, Media and Telecom Conference. The presentation is scheduled to begin at 3:30 p.m. Pacific Time on Monday, February 27, 2012.

To access the live webcast, please visit JDSU's Investor Relations website at http://www.jdsu.com/investors, and look for the link under "Events and Presentations." Following the conference, the presentation will be available for replay for up to 90 days.

About JDSU

JDSU (NASDAQ: JDSU; and TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. To learn more about JDSU, please visit www.jdsu.com and www.jdsu.tv and follow us on Twitter at www.twitter.com/jdsu.

Contact Information

Investors: Michelle Schwartz, 408-546-4421 or michelle.schwartz@jdsu.com
Press: Jim Monroe, 240-404-1922 or jim.monroe@jdsu.com

JDSU to Host Analyst Day 2012

Wed, 01 Feb 2012 18:33:00 GMT

MILPITAS, Calif., February 1, 2012 -- JDSU (NASDAQ: JDSU) (TSX: JDU) today announced that it will host an Analyst Day on February 16, 2012 in San Francisco, CA, beginning at 12:30 p.m. PT until 5:30 p.m. PT. Executive presentations will provide an overview of the company's vision, strategy, key business initiatives and financial goals.

The event will be available to the public via a live webcast at www.jdsu.com/investors including corresponding slide presentations. Please visit the JDSU website at least 30 minutes prior to the scheduled start time to download any necessary software. Following the meeting, a replay of the webcast will be available for a limited period of time.

About JDSU

JDSU (NASDAQ: JDSU; and TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. To learn more about JDSU, please visit www.jdsu.com and www.jdsu.tv and follow us on Twitter at www.twitter.com/jdsu.

Contact Information

Investors: Michelle Schwartz, 408-546-4421 or michelle.schwartz@jdsu.com
Press: Jim Monroe, 240-404-1922 or jim.monroe@jdsu.com

JDSU Schedules Fiscal 2012 Second Quarter Financial Results Announcement and Webcast

Wed, 18 Jan 2012 18:11:22 GMT

MILPITAS, Calif., January 18, 2012 -- JDSU (NASDAQ: JDSU) (TSX: JDU) today announced that it will report financial results for its fiscal 2012 second quarter ended December 31, 2011, on Wednesday, February 1, 2012, after the close of the market.

The Company will host a management presentation at 2:00 p.m. Pacific Time on Wednesday, February 1, 2012, to discuss the results. To access the live webcast, please visit JDSU's website at http://www.jdsu.com/investors at least 15 minutes before the scheduled start time to download any necessary audio or plug-in software. A replay of the webcast will be available shortly following the call until at least Wednesday, February 29, 2012.

The quarterly earnings press release, supplementary slides and historical financial tables will be posted at www.jdsu.com/investors under the “Financial Information” section.

About JDSU

JDSU (NASDAQ: JDSU; and TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. To learn more about JDSU, please visit www.jdsu.com and www.jdsu.tv and follow us on Twitter at www.twitter.com/jdsu.

Contact Information

Investors: Michelle Schwartz, 408-546-4421 or michelle.schwartz@jdsu.com
Press: Jim Monroe, 240-404-1922 or jim.monroe@jdsu.com

JDSU Helps Fight the Battle Against Pharmaceutical Counterfeiting

Wed, 18 Jan 2012 10:30:04 GMT

New JDSU.tv Segment Highlights Authentication Solutions that Help Protect Companies and Consumers from Fake Drugs

Milpitas, California, January 18, 2012 – JDSU (NASDAQ: JDSU and TSX: JDU) today launched a new segment for its Different View campaign on JDSU.tv that discusses the growing problem of counterfeiting in the pharmaceutical industry and the authentication solutions that JDSU provides to help curb this illegal activity.

Counterfeiting, or the distribution of imitation goods with the intent to defraud a consumer, and diversion, or the unlawful distribution of products to an unauthorized marketplace or channel, are big issues for the pharmaceutical industry. The World Health Organization estimates that nearly double the amount of counterfeit drugs were sold in 2010 compared to 2005.

The main reasons that counterfeiters are drawn to the pharmaceutical industry is the low amount of investment required to create a fake drug and the ability to create what looks like a legitimate store front on the Internet.

While the safety and health of consumers is of largest concern, counterfeit products also prevent pharmaceutical companies from achieving intended revenue or profits that could be invested into future research while also eroding their brand loyalty with consumers.

“JDSU has been providing authentication solutions for over two decades, helping to protect many of the products people use every day including pharmaceuticals, high value documents, government ID, and consumer electronics,” said Greg Miller, vice president and general manager of Authentication Solutions at JDSU. “We work collaboratively with the pharmaceutical industry to design solutions that include a combination of our authentication technologies to help them stay one step ahead of the counterfeiters.”

The campaign highlights a variety of sophisticated authentication technology from JDSU that helps protect the pharmaceutical industry. Solutions include:

Overt technology – Solutions that are easy for consumers to identify but difficult for counterfeiters to replicate. A unique solution from JDSU is Transparent Phantom, which provides multiple layers of visual effects that can be printed on product labels or tamper evident seals. It provides two distinct viewing angles using shifting holographic imagery, colors, or other graphics to make it easy for consumers to identify a product.

Covert technology – Solutions that are not visible to the human eye but that can be incorporated and tracked in products such as pharmaceuticals. Charms™ is a micro taggant provided by JDSU that provides visual information at the sub micron level that can be authenticated by an inspector or brand owner using a hand held microscope. JDSU is the only vendor that provides covert technology that contains visual information at this level.

Digital authentication – Solutions that provide actionable intelligence to brand owners through electronic means so that they can pinpoint unauthorized sellers on the Internet, track and trace products through the distribution chain, and remotely authenticate a product anywhere, anytime by scanning a product label with a smart phone or by entering a code into a computer.

To learn more about JDSU Authentication Solutions, please visit http://www.jdsu.com/en-us/Authentication-Solutions/Pages/default.aspx.

Contacts
Press: Noël Bilodeau 408-546-4567 or noel.bilodeau@jdsu.com
Investors: Michelle Levine Schwartz 408-546-4421or michelle.schwartz@jdsu.com

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JDSU Home PM Offers Support for Microsoft Mediaroom Service - Improved Backup Support and Resiliency

Thu, 12 Jan 2012 10:30:07 GMT

Stop Losing Customers Because You Lack Visibility into
Their Experience!

JDSU Home PM can assure your broadband multi-play services, telling you
where the faults are in real time.
Now supporting Microsoft Mediaroom

Home Performance Management (Home PM) lets multi-play service providers extend their service assurance capabilities into every home with quicker problem resolution, more effective customer-support operations and full quality of service (QoS) and quality of experience (QoE) reporting.

With Home PM 4.2, JDSU now offers support for Microsoft Mediaroom service, more integration with the main ACS vendors, and improved backup support and resiliency.

Home PM provides unique benefits giving service providers visibility to every home premises.

Reduces OpEx by 20 percent by improving customer-support operations, reducing calls and call-handling time to customer service centers, reducing RG/STB replacements, and significantly reducing the number of truck rolls.
Improves customer experience and reduces churn by improving multiservices delivery and the ability to measure the real customer experience.
Increases ARPU and revenue by providing premier support services for key accounts and identifying new market opportunities with existing customers, such as HD IPTV, VoD, and Femtocell.
Improves dispatch with dispatch statements and root-cause analysis of customer issues to enable quicker, more accurate resolution.
Assures IP video from the headend to the home by measuring video service quality at the headend, network degradation, and customer experience with the Home PM and JDSU end-to-end video service assurance solution. It now supports both standard IP video and Microsoft Mediaroom.
Deploys easily in any access and home network with a probe-less and client-less network-agnostic service assurance solution that supports Broadband Forum and nonstandard-based equipment on access networks (such as ADSL2+, VDSL, GPON, FTTH, and HFC), any transport network element, or IPTV middleware, among others.

Use case: Home PM gives service providers visibility into home networks and their customers’ experience. Proactive and automated, Home PM can, in monitoring all of the customers’ devices, highlight any customer-experience issue and push a fault-and-dispatch statement to network operations. By helping to fix faults quicker and more efficiently, Home PM enables significant OpEx savings for customer support operations, increases the overall customer experience, and helps reduce churn.

Home PM has been twice awarded Product of the Year: in 2010 by TMC Communications Solutions and in 2008 by Internet Telephony.

For more information about Home PM, visit our website.

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Southern Cross Selects JDSU to Ensure Quality 10G, 40G and 100G Networks

Thu, 12 Jan 2012 10:30:06 GMT

Milpitas, Calif., January 12, 2012 — JDSU announced today that Southern Cross Cable Network selected JDSU’s T-BERD/MTS-8000 V2 40 G/100 G Transport Module to help ensure the non-interrupted delivery of high-bandwidth services over its high-speed submarine, trans-Pacific cable infrastructure. The new solution is part of JDSU’s field-proven T-BERD/MTS-8000 product line used by major telecommunication operators worldwide.

Southern Cross Cable Network is using the JDSU T-BERD/MTS-8000 V2 to support its network upgrade from 10G to 40G − and eventually to 100G − to meet the growing demand for high-bandwidth services and applications. The service provider operates the main Internet channel between Australia, New Zealand and the United States.

“The JDSU solution provides the functionality we require as we continue our infrastructure upgrade, ensuring our system will support the quality delivery of higher bandwidth services that our customers demand,” said Brian Smith, engineering services manager, Southern Cross Cable Network.

By using JDSU’s T-BERD/MTS-8000 V2 for field tests such as installation, troubleshooting and maintenance, Southern Cross technicians will have remote visibility of the traffic on their 40G network. The new 40G/100G transport module also dramatically speeds up identification of network problems and quickly relays critical data to the Southern Cross Network Operations Center in Auckland, New Zealand, for analysis and resolution.

Additionally, JDSU’s T-BERD/MTS-8000 V2 provides Southern Cross a seamless way to comply with Optical Transport Network standards, increasing the functionality of its optical network.

“JDSU offers the only field optimized testing platform that delivers installation, troubleshooting and service assurance capabilities from 10M to 100G in a single unit,” said Dr. Lars Friedrich, vice president and general manager in JDSU's Communications Test and Measurement business segment. “With the explosive demand for high-bandwidth services, providers are increasingly moving to high-speed Ethernet to support growing network traffic.”

JDSU’s T-BERD/MTS-8000 V2

The new 40G/100G Ethernet and OTU3/OTU4 standards provide four to ten times the bandwidth of 10G technology. As provider networks are upgraded to manage higher speeds and more network traffic, the JDSU T-BERD/MTS-8000 V2 helps ensure quality service activation, efficient testing and troubleshooting for Carrier Ethernet, long haul and metro-core networks, as well as government telecommunications centers.

Contacts
Press/Industry: Bernie Tylor, +1 240-404-1913, bernie.tylor@jdsu.com
Investors: Michelle Levine Schwartz, +1 408-546-4421, michelle.schwartz@jdsu.com

Telstra Selects JDSU’s HST-3000 to Ensure Quality Broadband Services

Tue, 10 Jan 2012 15:24:04 GMT

Milpitas, Calif., January 10, 2012 – JDSU announced today that Australia’s Telstra has chosen the JDSU HST-3000 handheld test solution to ensure quality video, data and voice services. Telstra selected the HST-3000 for its ability to locate and proactively troubleshoot service-impacting issues in its copper and ADSL network infrastructure. Telstra provides services to more than 8.3 million fixed lines and 12.2 million mobile customers.

The HST-3000, widely deployed by major telecommunications service providers worldwide, supports multiple test requirements for broadband access networks, from the physical layer to the application layer for VoIP and packet video in IPTV, among other environments. Its modular design speeds the deployment of new network technologies and services, ensures a quality customer experience and reduces network expenses.

“We offer a full range of broadband products and services to our customers over a vast geographical area − the ability to quickly and efficiently activate and assure broadband services is absolutely vital to our business,” said Ken Gray, service design manager at Telstra. “Our customer service mantra is to get it right first time, and the JDSU HST-3000 is the right fit to assist Telstra in achieving this outcome. Ultimately the HST-3000 offered us the best possible test solution to ensure that reliable services over copper, ADSL and new generation technologies are provided for our customers.”

Gray added, “The JDSU HST-3000 was selected as the tool to empower our field workforce to deliver the best possible customer experience – every time.”

About JDSU

JDSU (NASDAQ: JDSU; and TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. To learn more about JDSU, please visit www.jdsu.com and www.jdsu.tv and follow us on JDSU Perspectives, Twitter, Facebook and YouTube.

JDSU Contacts

Press: Bernie Tylor, 240-404-1913, bernie.tylor@jdsu.com
Investors: Michelle Levine Schwartz, 408-546-4421, michelle.schwartz@jdsu.com

JDSU Complements Wireless Test Portfolio with Acquisition of Dyaptive Systems

Thu, 05 Jan 2012 10:30:12 GMT

Rapid Adoption of Smart Devices and High-Bandwidth Applications Increases Need for Network Capacity Testing To Ensure Quality of End-User Experience

Milpitas, California, January 5, 2012 – JDSU today announced that it has acquired Dyaptive Systems, a Vancouver, BC-based provider of capacity test solutions for 2G, 3G and 4G wireless networks. Dyaptive test solutions support network capacity planning and quality performance by emulating thousands of mobile devices precisely as consumers use them to post videos, photos, stream TV shows and movies, and video chat with friends. Dyaptive’s products address a high-growth segment of the communications test market and generated revenue in the high single-digit millions during the trailing 12-month period. Terms of the transaction were not disclosed.

With mass adoption of mobile devices, wireless equipment manufacturers and service providers need network performance visibility that extends to the end user experience. Dyaptive provides subscriber emulation systems for wireless technologies, including emerging long term evolution (LTE)/4G being deployed by service providers worldwide. These solutions emulate high-bandwidth applications, such as streaming video across multiple wireless devices, to ensure quality performance for service providers and their customers.

“Dyaptive’s portfolio complements JDSU’s expansive set of wireless test tools, software and services, extending from the lab to the field and all the way to the end user experience,” said David Heard, president of JDSU’s Communications Test and Measurement business segment. “JDSU’s focus on mobile service assurance is a key element of our growth strategy as dependence on wireless devices at home, work and play continues to explode worldwide.”

Unlike other offerings that require racks of stripped down mobile devices, limiting the number of devices that can be emulated and the real-world scenarios that can be tested, Dyaptive offers a software-defined, radio-based solution that cost-effectively scales to thousands of application-loaded mobile devices. The solution yields critical information used to make intelligent decisions on managing network traffic. For example, at a rock concert with thousands of mobile phone users clustered in a high concentration, a number of users may try to stream video on their smart devices while others are sending pictures. By employing Dyaptive’s emulation testing, a service provider would be able to prioritize and manage this high-bandwidth traffic flow to maximize network efficiency, while continuing to provide its customers with a high-quality experience.

“JDSU shares our commitment to customer service and technology innovation, and has the extensive global reach to enable further growth in established and emerging wireless markets,” said Joe Sutherland, president and CEO of Dyaptive. “We believe this combination is a win-win for our customers and our employees.”

JDSU plans to retain Dyaptive’s approximately 40 employees as well as its offices in Vancouver, BC.

This acquisition expands JDSU’s leading communications test position in LTE trials and deployments by extending network testing in the labs and field to devices and applications. JDSU has announced LTE engagements with customers around the world and has won recognition for its wireless test solutions from Internet Telephony, Frost & Sullivan and Informa.

About JDSU
JDSU (NASDAQ: JDSU; and TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. To learn more about JDSU, please visit www.jdsu.com and www.jdsu.tv and follow us on JDSU Perspectives, Twitter, Facebook and YouTube.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include statements or implications regarding: (i) potential synergies between JDSU’s and Dyaptive’s products or technologies, (ii) the ability to successfully incorporate Dyaptive into JDSU’s business and (iii) the ability to expand JDSU’s position in certain markets or applications. These forward-looking statements involve risks and uncertainties that, if realized, could cause actual results to differ materially from those projected. These risks and uncertainties include, among other things: (a) our current visibility as to customer demand levels and future market growth is limited; (b) we may not be able to retain key Dyaptive employees after the transaction closes; (c) we may have difficulty integrating this new business into our Communications Test and Measurement business segment and corporate infrastructure without interruption to the operation of the business; (d) the products may not perform as expected, may be subject to manufacturing difficulties that could delay product deployment or increase costs, may not be accepted by our customers, and may not successfully compete with products offered by our competitors, (e) anticipated synergies in product innovation and development and services may not materialize; and (f) factors discussed from time to time in reports filed by JDSU with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof, and the Company does not assume any obligation to update or qualify any of the statements made herein.

Contacts
Press: Jim Monroe 240-404-1922 or jim.monroe@jdsu.com
Investors: Michelle Levine Schwartz 408-546-4421or michelle.schwartz@jdsu.com

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The Industry's Smallest 40/100 G Test Solution From JDSU

Tue, 17 Jan 2012 19:41:02 GMT

A North American Tier-1 Service Provider Selects the Industry’s Smallest 40/100 G Test Solution from JDSU

JDSU, the recipient of Frost & Sullivan’s Market Penetration Leadership Award for Gigabit Ethernet test equipment, is pleased to announce that a tier-1 service provider in North America has selected the new T-BERD®/MTS-8000 V2 40/100 G Transport Module, the industry’s most compact test solution that is ideal for field-test applications.

With capabilities designed for Carrier Ethernet/packet transport, long-haul, and metro-core networks, as well as government telecommunication centers, the module represents the latest innovation for the family of award-winning, industry-leading T-BERD/MTS test solutions.

The T-BERD/MTS-8000 V2 40/100 G solution help you minimize your total cost of ownership with:

functionality you need to deploy new revenue-generating services quickly and reliably, including OTU3 and OTU4 with 100 GE client, 40 and 100 G Carrier Ethernet with RFC 2544, CoS with 10 data streams, and loop up/down. You can also deploy services such as router test applications including IPv4, IPv6, ARP, ping, and traceroute. The T-BERD/MTS-8000 V2 can switch between 40 G and 100 G applications within 12 seconds.
a platform you trust that maximizes the value of your capital investment. It is the one solution for both CFP- and QSFP+-based services that lets you add functionality in the field when you need it. It is also the industry’s best fiber-optic and transport testing solution for use in the field.

The T-BERD/MTS-8000 V2 also offers signature ruggedness, optional battery power, and control connectivity that can withstand extremely diverse test conditions.

Use Case: Included in a significant number of 100 G RFPs and trials from all major operators worldwide, the JDSU T-BERD/MTS-8000 V2 40/100 G Transport Module is an ideal test solution for field turn-up and troubleshooting of 40/100 G Ethernet networks. The powerful T-BERD/MTS-8000 V2 platform provides a truly portable, battery-operated transport test solution for T1/E1 to 100 G.

Visit our website for more information.

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Detect and Diagnose Service-Impacting Issues up to 10x Faster with JDSU AccessLTE

Mon, 19 Dec 2011 18:09:09 GMT

Be Fast, Be First. Don’t Let Your Customers Discover LTE Network
Service Disruptions Before You Do

Get Enhanced Performance Monitoring from JDSU with accessLTE

The industry-leading JDSU accessLTE assurance solution reduces LTE fault resolution times by up to 10x to improve service uptime and provide an enhanced end-user experience. As the first solution to offer “procedural” performance monitoring, automatic transaction correlation, and in-context application linkage, accessLTE from JDSU is unmatched in elevating customer satisfaction and decreasing operational costs.

New benefits available via accessLTE C.05.60 release enhancements include:

Simplified real-time monitoring of LTE network and service performance presented at an aggregate “procedural” or “composite” level, accelerating problem-identification procedures such as LTE UE-attach rates.
Monitoring of LTE service end-user throughput rates to immediately highlight potential revenue-impacting issues.
Fast troubleshooting of all key intra-LTE and LTE to 2/3G handovers with powerful automatic correlation of signaling transactions to minimize handover resolution times.

Use Case: Driven by the need for increased bandwidth to support new services, many mobile service providers today are deploying LTE networks. LTE introduces many new network elements, protocols, and procedures, most of which are more complex than their 2G and 3G counterparts. New LTE networks must also coexist and interoperate with existing legacy networks, which makes ensuring a high quality of service for end-users extremely challenging.

The accessLTE network-probe-based assurance solution maximizes LTE service uptime and end-user quality by enabling operations staff to detect and diagnose service-impacting issues up to 10x faster than with network element data alone. The accessLTE “procedural key performance indicators (KPI)” monitoring functionality lets operators quickly confirm issues with potential to significantly impact service revenues. The accessLTE integration of monitoring and detailed troubleshooting applications means that an operator is typically never more than three mouse-clicks away from diagnosing even complex MSS problems, providing simple, yet powerful, resolution.

For more information about our mobile assurance solutions, please visit our website and join us on the LinkedIn 4G LTE Portal.

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Turn Data Into Dollars With JDSU Mobile Assurance PLUS Consulting

Wed, 14 Dec 2011 23:08:59 GMT

You’ve Got Mobile Assurance Data ... Now What?
PLUS Services from JDSU Turn Data into Dollars.

JDSU now offers consulting services via the PLUS Services portfolio to help you analyze and take action on the valuable information provided by the acceSS7, accessLTE, and accessCDMA 2K assurance solutions. Supporting virtually any network and mobile technology, and available globally, PLUS combines custom, deployment and support, consulting, and managed services with JDSU test equipment and systems to deliver solutions and information that enable new service revenues, reduced churn, and lower costs.

New benefits available via Mobile Assurance PLUS consulting services include:

Access critical information immediately and continually with assurance system-health reporting and a solution configuration that matches your network and usage needs.
Maintain high end-user QoS during periods of increased network loading to provide the optimal end-user experience.
Reveal previously hidden revenue opportunities and threats with additional business intelligence analysis of data already stored on your system.
Optimize the use of LTE and UMTS Radio Access Network resources to improve service and minimize costs.

Use Case: JDSU assurance solutions are in use today with many of the world’s largest mobile operators. Through the fast generation of actionable customer experience data, dramatic improvements in service revenues and operational costs have been generated in all cases. Those customers who also used JDSU consulting services typically realized more than 10% greater financial benefits from their assurance solutions.

For more information about our mobile assurance solutions and consulting services, please visit our website.

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The JDSU T-BERD/MTS-8000 V2 - Expandable to More Than 40 Tests

Wed, 14 Dec 2011 22:58:42 GMT

One Solution. Expandable to More Than 40 Tests.
The T-BERD®/MTS-8000 V2 Lets You Do More with Less

Extending an award-winning optical test platform, the JDSU T-BERD/MTS-8000 V2 now meets next-generation network challenges with additional fiber inspection and test, ROADM, and 40G/100G test capabilities.

The JDSU T-BERD/MTS-8000 V2:

increases efficiency and maximizes CapEx with the industry’s largest range of test applications (more than 40), from basic fiber/transport to advanced ROADM testing with in-band OSA, in-service PMD, and 40G/100G capability.
provides the industry’s most extensive tester that scales with your network, providing virtually any test combination — in the field and without special tools!
accelerates network turn-up times with 70 percent faster 10G testing using the Multiple Services Application Module (MSAM V2) and provides a 75 percent time savings for full fiber characterization (FC) compared to other FC solutions.
provides the industry’s smallest and lightest test solution with a combined OSA/10G analyzer — 30 percent smaller than competing solutions.

Use Case: The JDSU T-BERD/MTS-8000 V2 can now be used to simulate the saturation of a 100GE link before service delivery. This latest version together with MSAM plug-in modules provides enough horsepower to run twelve 10GE ports concurrently.

To learn more about this new solution from JDSU, who was recently recognized by Frost & Sullivan as the global fiber-optic test market leader, please download the T-BERD/MTS-8000 product information or visit the JDSU website.

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The JDSU acceSS7 Assurance Solution Detects MSS Fault-Indicating Situations in Real Time

Mon, 19 Dec 2011 18:11:09 GMT

Three Clicks to a Fix with the JDSU acceSS7 Assurance Solution for
Mobile Soft Switch (MSS) with Real-Time Fault Detection

The JDSU acceSS7 solution now detects MSS fault-indicating situations in real time, significantly minimizing problem resolution while improving service uptime. Network operators can realize new efficiencies in monitoring their network operation and service delivery, resulting in even greater customer satisfaction.

New benefits available from the acceSS7 for MSS assurance solution include:

reduces resolution time for MSS call failures with real-time monitoring of voice-call setup procedures.
accelerates root-cause analysis for short message service (SMS) issues via real-time monitoring of delivery procedures.
provides IP transport link status indicators to quickly alert operations to issues with a high service-revenue impact.

Use Case: acceSS7 is a network probe-based assurance solution that maximizes MSS-service uptime and end-user quality by enabling operations staff to detect and diagnose service-impacting issues up to 10x faster than with network-element data. The acceSS7 integration of monitoring and detailed troubleshooting applications means that an operator is never more than three mouse-clicks away from diagnosing even complex MSS problems, providing simple, yet powerful resolution. The combination of real-time event detection and powerful troubleshooting has been demonstrated in current deployments to reduce MSS fault resolution times from 45 to 5 minutes.

For more information on our mobile assurance solutions, please visit our website.

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