Continuing plans announced in September 2014, JDSU (NASDAQ: JDSU; Milpitas, CA) said it will name its optical components and subsystems spinoff Lumentum and its network and services spinoff Viavi Solutions. According to a U.S. SEC filing, the former JDSU Communications and Commercial Optical Products (CCOP) business will be listed on Nasdaq under the ticker LITE.
According to JDSU, Lumentum will be a global leader in optical components and subsystems for the telecommunications market, with high growth opportunities in data communications and in high performance lasers for both macro and micro materials processing. The company will also focus on growing its 3D sensing and commercial lasers business and expanding into other market segments that can benefit from optical and laser technologies. Alan Lowe become CEO of Lumentum. He joined JDSU in 2007 as senior vice president of the Lasers business and became president of JDSU’s newly formed CCOP business segment in 2008, which combined JDSU’s Optical Communications and Lasers businesses.
JDSU’s Network Enablement (NE), Service Enablement (SE) and Optical Security and Performance Products (OSP) businesses will be renamed Viavi Solutions. The Viavi brand is based on the company’s ability to deliver the visibility and insight needed to profitably manage the transition to next-generation networks and services. Tom Waechter, JDSU’s current president and CEO, will continue to lead Viavi. He became president and CEO of JDSU in 2009. after joining JDSU as president of Communications Test and Measurement (the predecessor to JDSU’s NE business) in 2007.
Current JDSU stockholders will own shares in both corporations following the separation. To stay updated on the company separation, visit www.jdsu.com/About-JDSU/Separation/Pages/information.aspx.
Conard Holton
Conard Holton has 25 years of science and technology editing and writing experience. He was formerly a staff member and consultant for government agencies such as the New York State Energy Research and Development Authority and the International Atomic Energy Agency, and engineering companies such as Bechtel. He joined Laser Focus World in 1997 as senior editor, becoming editor in chief of WDM Solutions, which he founded in 1999. In 2003 he joined Vision Systems Design as editor in chief, while continuing as contributing editor at Laser Focus World. Conard became editor in chief of Laser Focus World in August 2011, a role in which he served through August 2018. He then served as Editor at Large for Laser Focus World and Co-Chair of the Lasers & Photonics Marketplace Seminar from August 2018 through January 2022. He received his B.A. from the University of Pennsylvania, with additional studies at the Colorado School of Mines and Medill School of Journalism at Northwestern University.