Acquisition of Swedish firm specializing in metro optical communications technology now set to close August 20.

LED sales plummet nearly 40% year-on-year as the chip maker posts an annual loss for the first time in more than a decade.

JDSU optics and photonics spin-off projects first financial quarter as a standalone company.

Laser and optical systems segment flat; new organizational structure comes into effect at start of next year.

When adjusted for the divestiture of JK Lasers to Trumpf, laser revenues climbed 9% in latest quarter.

New CEO Thomas Merk reports 29% sequential rise in unit sales of high-power fiber lasers.

Module conversion efficiency at the company's lead production line now averaging 16.2%.

Spectra-Physics in the firing line as divisional sales drop 11% sequentially.

'Laser Solutions' division largely responsible for sharp increase in annual net income.

Year on year quarter sales up 23% to $43m, net losses fall 36% to $4.1m.

Revenue and profit downward shifts were "partially offset" by a healthy sequential expansion in gross profit percentage.

Record sales of $235m due to strength in materials processing and high power laser sales.