- One will be an optical components and commercial lasers company (CCOP) consisting of JDSU's current Communications and Commercial Optical Products segment.
- The other is a network and service enablement company (NSE) consisting of JDSU's current Network Enablement, Service Enablement, and Optical Security and Performance Products segments.
- The separation is expected to occur through a tax-free pro rata spinoff of CCOP to JDSU owners.
- The company also reaffirms FQ1 (ending this month) guidance of non-GAAP revenue of $405M-$425M, and EPS of $0.08-$0.12.
- SEC Form 8-K
- The stock remains halted in after-hours trade following a 3.4% rise in the regular session.