8-K: Current report filing
Published on June 21, 2000
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) June 16, 2000
-------------
EMCORE CORPORATION
(Exact name of registrant as specified in charter)
New Jersey 0-22175 22-2746503
- ---------------------------- ------------------------- -------------------------
State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation
394 Elizabeth Avenue, Somerset, New Jersey 08873
- --------------------------------------------------------------------------------
(Address of principal offices) (Zip Code)
Registrant's telephone number including area code (732) 271-9090
(Former name or former address, if changed since last report) Not applicable
--------------
Item 5. Other Events.
------------
On June 16, 2000, EMCORE and JDS Uniphase Corporation ("JDS Uniphase")
executed a Joint Development Manufacturing and Marketing Agreement (the
"Agreement"). Under the Agreement, EMCORE and JDS Uniphase will jointly develop,
manufacture and market a family of fiberoptic array transceivers based on
EMCORE's laser technology that facilitates light to logic (electronic signal
in/modulated light signal out) for fiberoptic communications solutions used in
switches, routers and computer backplanes for OC-192, OC-768 and other
proprietary network designs. EMCORE will manufacture VCSEL arrays and design
gigabit speed control circuits, photodetectors, optical links and other
components. JDS Uniphase will handle all marketing, worldwide sales, application
support, customer service and distribution functions and will assist EMCORE with
technical support for the optical packaging and testing for the products. The
initial product developed and commercialized in this alliance with JDS Uniphase
will be an array transceiver with twelve channels each operating at 1.25
Gigabits/second, yielding a compact, high speed data link. These products are
designed to make possible short distance links between dense wavelength division
multiplexing systems (DWDM), high-speed routers and SONET (long-haul
telecommunications) equipment. EMCORE expects to begin shipping samples of an
array transceiver by the fourth calendar quarter.
RISK FACTOR:
Our stock price has fluctuated widely in the last year and may
fluctuate widely in the future. Since January 1, 1999, our stock price has been
as high as $173 per share and as low as $12 per share. Since our announcement on
February 16, 2000 of our Memorandum of Understanding with JDS Uniphase, our
stock price has increased from $76.8125 per share at the close on February 15,
2000 to a close of $161.8125 per share on February 23, 2000. If we are unable to
successfully design or manufacture the array transceiver products, or the
products have difficulty penetrating targeted markets, our stock price could be
adversely affected. Additionally, volatility in the price of our common stock
may be caused by other factors outside of our control and may be unrelated or
disproportionate to our operating results.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
EMCORE CORPORATION
(Registrant)
By: /s/ Thomas G. Werthan
----------------------------
Thomas G. Werthan
Chief Financial Officer
Dated: June 20, 2000