Jds Uniphase
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Securities and Exchange Commission?
Many high-technology companies, like Nortel Networks, Micron Technology and JDS Uniphase, have written down massive amounts of their inventory. For example, Nortel Networks revalued some of its inventory parts at $0, though the inventory initially cost Nortel $650 million.
Companies are required to report whether they write off the cost value (or book value) or their inventory even if they do not dispose of the inventory. Later on, they may sell this inventory but are not required to report the sale for cash of previously "worthless" inventory. The effect may be that in future years, when the inventory is sold, profits are overstated.
Also in the article, JDS Uniphase said it will write off $250 million of its inventory but promised to disclose any future sale. On the other hand, Micron Technology, which wrote down $260 million, won't disclose any future sale. Should the Securities and Exchange Commission do anything? Why?
If the inventory has become obsolete and cannot be sold for revenue, the company is allowed to write off the inventory at $0.
Sounds above board according to the SEC.
Items recently purchased from this site
JDS Uniphase Fiberoptic Switches, Fiberoptic Units, JDS Uniphase SG16162+17F000FP SG Series Fiber Optic Mat, JDS Uniphase SWS15101 Tunable Laser w P6 / M, JDS Uniphase Fiberoptic SC Series Switch M#-SC04160-Z000919, JDS UNIPHASE SC 4X64 FC FIBER OPTIC SWITCH SYSTEM FITEL, JDS UNIPHASE SC 2X64 FIBER OPTIC SWITCH SM FC [DUAL 1X32], JDS UNIPHASE SC 1X100 FIBER OPTIC SWITCH SYSTEM FITEL, JDS UNIPHASE SG 4X8 FC FIBER OPTIC SWITCH SYSTEM FITEL, JDS Uniphase SWS15102 C-Band Source Optics Module , JDS Uniphase SWS15102, JDS Uniphase MAP+2B00 / MAPF+1GG001SU WITH Tunable grafing filter, JDS Uniphase PE3, JDS UNIPHASE SC 2 1X12 FIBER OPTIC SWITCH D FITEL, JDS Uniphase SWS16102, JDS UNIPHASE SC 1X35 FIBER OPTIC SWITCH SYSTEM FITEL, JDS UNIPHASE SC 4X8 FIBER OPTIC SWITCH, JDS UNIPHASE SC 1X30 FIBER OPTIC SWITCH C CONFIG FITEL, JDS UNIPHASE SC 1X32 FIBER OPTIC SWITCH C CONFIG, JDS UNIPHASE SC 2X20 FIBER OPTIC SWITCH SYSTEM FITEL 1270-1670 NM GPIB RS232, JDS Uniphase JDSU PE3 PE3050 PMD Emulator , JDS Uniphase SC Series Fiberoptic Switch M#-SC1C10241+22XF000SC 1 x 24, ASML / SVG Green Laser Head 4022.455.0986 JDS Uniphase, JDS Uniphase SWS15115, JDS Uniphase 8x8 SG Matrix Fiber Optic Switch JDSU, JDS UNIPHASE SG 4X4 FC FIBER OPTIC SWITCH SYSTEM FITEL, JDS Uniphase SG Series Fiber Optic Matrix Switch , JDS UNIPHASE SB 1X14 FIBER OPTIC SWITCH MM FC MULTIMODE 850-1350 NM GPIB RS232, JDS Uniphase RM2 Backreflection Meter RM2050B 1310/1550, JDS Uniphase RM3 Backreflection Meter RM3750+1FA7 , JDS Uniphase High Gain Wide Band O/E Converter Model#-310B, JDS UNIPHASE SC 2X12 E CONFIGURATION FIBER OPTIC SWITCH SC2E10121+27AF000FP GPIB, JDS UNIPHASE SB 1X12 FIBER OPTIC SWITCH MM FC MULTIMODE SB1C10121+21XB000FP, JDS Uniphase 1x24 SB Fiber Optic Switch JDSU - GOOD, JDS Uniphase PS3 PDL Polarization Dependent Loss Optical Multimeter PS3050+15!, KLA-Tencor AIT 1 JDS Uniphase Laser 2214-20SLUP, JDS/Uniphase SWS15115 Receiver , JDS SG44-Z0013U Uniphase 4x4 Fiber Optic Matrix Switch , JDS Uniphase PR2000 Precision Polarization Controller , JDS Uniphase SB Series Fiber Optic Switch 1 x 12 SB1C101Z1+22XQ000SC, JDS UNIPHASE SC 2X3 FIBER OPTIC SWITCH E CONFIG FITEL, JDS Uniphase MA1X20E2K-9000 Arrayed Waveguide Gratings, JDS Uniphase MA1X20E2K-9001 Arrayed Waveguide Gratings, JDS Uniphase MA20X1E2K-9000 Arrayed Waveguide Grating, JDS Uniphase MA20X1E2K-9001 Arrayed Waveguide Grating, JDS Uniphase HA9 OPTICAL ATTENUATOR, JDS Uniphase HA9 OPTICAL ATTENUATOR HA097+20ASU1, JDS Uniphase HA3 - HA37+10FP7, JDS Uniphase PR-2000, JDS UNIPHASE ARGON LASER HEAD 2219-030BLS & NEW LASER POWER SUPPLY 2119U-030BLS, JDS Uniphase HA9 Programmable Attenuator, JDS Uniphase Argon Cylinder Laser, JDS Uniphase 2214-30SLQT ARGON LON LASER, JDS Uniphase BBS1560+1FP Broadband Source, JDS Uniphase BBS Broadband Source BBS1560+1FP, JDS UNIPHASE SWS CD RECEIVER DETECTOR CONTROLLER SWEEP WAVELENGTH GPIB SWS2000, JDS UNIPHASE SB 1X8 FIBER OPTIC SWITCH C CONFIG, JDS UNIPHASE SB 2X8 FIBER OPTIC SWITCH D CONFIG SINGLE MODE FC PC 1X4, JDS Uniphase RM3 RM3750+1FA7 Back Reflection Meter, JDS UNIPHASE SWS15115 COMPACT RECEIVER 15106 15107, JDS UNIPHASE JDS HA1 PROGRAMMABLE OPTICAL ATTENUATOR, JDS Cyonics Uniphase Argon Laser & Power Supply 2214-25MLUP Working, JDS Uniphase Laser & Power Supply 2214-25MLUP working, JDS Uniphase 2213-75SLRAM072 Argon Laser Head Refurb, JDS Cyonics Uniphase Argon Laser & Power 2214-25MLUP, JDS Uniphase SB series optical switch, JDS Uniphase SB1C10161 +27XF000FP Benchtop Optical Switch, JDS Uniphase SG04062-17F000SU Fiber Optix Matrix Switch, JDS Uniphase SB Series SB04B5-C2SP, JDS Uniphase SB2D40204+27XF005NC, JDS Uniphase SC2D40164 2x16 Fiberoptic Switch, 1270-1670nm, JDS Uniphase TB2500-EC Tunable Etalon Controller, JDS Uniphase High Power He-Ne laser w/ power supply, JDS Uniphase Laser & Power Supply 2111-25MLQYV, JDS uniphase 2110U-SLCPEB Ultra laser 2218-010SLCPEB, JDS uniphase 2118U-010SLCPEB Ultra laser 2218-010SLCPEB, JDS Uniphase 2201RD-40MLA Laser w/Power Supply, JDS Uniphase SB1C10041+17XF000FP fiber optic switch, JDS Uniphase SB series optical switch, JDS Uniphase MA1X20E2K-9000 (ODU1C:DEMUX100-R5) NEW IN BOX 1553.36nm, JDSU JDS UNIPHASE WSH-540DT24SA-043 WAVESHIFTER, JDSU JDS UNIPHASE WSH-540DT24SA-051 WAVESHIFTER, JDSU JDS UNIPHASE WSH-540DT24SA-052 WAVESHIFTER, JDSU JDS UNIPHASE WSH-540DT24SA-054 WAVESHIFTER, JDSU JDS UNIPHASE WSH-540DT24SA-056 WAVESHIFTER, JDSU JDS UNIPHASE WSH-540DT24SA-057 WAVESHIFTER, JDSU JDS UNIPHASE WSH-540DT24SA-058 WAVESHIFTER, JDSU JDS UNIPHASE WSH-550DT24MA-051 WAVESHIFTER, JDSU JDS UNIPHASE WSH-550DT24MA-057 WAVESHIFTER, Lot of 3 JDSU/JDS Uniphase Laser Heads, Lot of 3 JDSU/JDS Uniphase Laser Heads, Lot of 3 JDSU/JDS Uniphase Laser Heads, JDSU JDS UNIPHASE OC192SR1-C1 S1 TRANSCEIVER SOUIAB7, ACCRETECH JDS UNIPHASE LASER, ASSY S/N FL55 FL10A, JDS Uniphase SC1C10021 Programmable Fiber Optic Switch, Lot of 3 JDS Uniphase Laser Heads, Lot of 3 JDS Uniphase Laser Heads, Lot of 3 JDS Uniphase Laser Heads, JDS Uniphase Laser 2213-75SLRAM072 untested, JDS Uniphase Argon Laser 2214-25MLUP & Power Supply,
December 27th, 2006 in
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