JDS Uniphase Rises on Job Cuts Forecast - TheStreet

JDS Uniphase fiber optic equipment company JDS Uniphase (JDSU) was up 2.2% in early trading after the company said it would likely cut more jobs than the 5,000 previously announced.

According to


reports, a spokesperson said the exact number of jobs had yet to be determined, but it would probably be more than 5,000. The company would provide an update at the end of July, the spokesperson said.

Other network stocks were mixed, with


(CIEN) - Get Report

up 2.5%,


(JNPR) - Get Report

up 4.2%, but


(CSCO) - Get Report

down 0.9%.