3 August 2015

JDSU renamed Viavi after completing spinoff of Lumentum

On 1 August, JDSU of Milpitas, CA, USA completed the spinoff of its Communications and Commercial Optical Product business segment (CCOP), which is now Lumentum Holdings Inc.

JDSU's remaining Network Enablement (NE), Service Enablement (SE) and Optical Security and Performance Products (OSP) businesses collectively have hence been renamed Viavi Solutions Inc.

Viavi will commence 'regular-way' trading on the NASDAQ Stock Market on 4 August under the ticker symbol VIAV. The JDSU ticker symbol is being retired from trading at the close of market on 3 August.

"This is an important milestone as we mark the successful completion of the spinoff," says Viavi's president & CEO Tom Waechter. "Viavi is poised to capture the opportunities created by the industry's transition to new network architectures and the need for increased network and application visibility," he adds. "The spinoff will improve Viavi's agility and increase focus, allowing us to accelerate our progress," he believes.  

See related items:

JDSU's separation to be completed on 1 August; Lumentum shares to be distributed on 3 August

JDSU to spin off CCOP business into Lumentum in August

JDSU announces board members for Lumentum and Viavi

JDSU to spin off CCOP business as Lumentum by Q3/2015; NE, SE and OSP businesses to become Viavi

JDSU separates into optical components and commercial lasers company and network and service enablement company

Tags: JDSU Optical communications Laser diodes

Visit: www.viavisolutions.com