Flooding in Thailand may impact JDSU business

JDSU announced that flooding in Thailand is impacting the operations of
Fabrinet, one of three primary contract manufacturing partners that provide
services to JDSU’s Communication and Commercial Optical Products (CCOP)
business segment.

Fabrinet provides contract manufacturing services supporting a portion
of the CCOP product portfolio from its Pinehurst facility in Thailand. At the
present time, flooding has not breached the Pinehurst facility, but operations
at this site are suspended due to the impact of flooding on utilities and
transportation systems. JDSU is not supplied from Fabrinet’s Chokchai facility,
which Fabrinet has reported has been breached by flood waters.

JDSU personnel are on site working with Fabrinet. JDSU’s 26 employees in
Thailand are safe and secure at this time.

“We are closely monitoring the situation and communicating with our
customers, taking action to secure equipment and inventory at the site, and
developing and preparing to execute contingency plans. We are evaluating the
impact of these events on our CCOP segment and will provide an update when we
report first quarter earnings results on November 1, 2011,” JDSU said in a statement.

JDSU’s Communications Test and Measurement and Advanced Optical
Technology business segments anticipate little to no impact from the events
related to Fabrinet’s operations in Thailand.

By Telecomlead.com Team
[email protected]