JDS Fitel Issues 3rd Quarter Fiscal Reports

NEPEAN, Ontario, Canada, April 15 -- JDS Fitel Inc. announced that revenues for the quarter were $122.6 million, up 109.6% from 1998's $58.5 million. Net income was $26.7 million, a 118.9% increase over last year's quarter.
Jozef Straus, president and CEO, commented, We are very pleased with our third quarter results for fiscal 1999. The fiber optic industry continues to evolve rapidly to meet the growing demand for greater transmission capacity and network flexibility. In particular, our performance reflects the ongoing deployment of Dense Wavelength DivisionMultiplexing (DWDM) applications and products providing more optical functionality in fiberoptic networks.