Reginal Thomas
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JDS Uniphase Plans To Splits Into Two Separate Public Companies

JDS Uniphase, a Network gear maker, announced it plans to split into two separate public companies as it moves to expand its presence in the data communications market and boost its network business. Shares for the company, which has a market cap of $2.78 billion rose 12.5% in late market trading after the announcement of the news. The company plans to split its communications and commercial optical products business through a tax free spin off to its shareholders.