After an unusually short deliberation, the jury in the matter of JDS Uniphase Securities Litigation today has found in favor of Kevin Kalkhoven and all other defendants.
Today’s verdict completely exonerates four senior officers of JDS Uniphase, including Kalkhoven, who is a co-owner of the Champ Car World Series, PKV Racing, Cosworth Engineering, the Long Beach Grand Prix and the Toronto Grand Prix, of any wrong doing in the class action civil lawsuit for monetary damages.
The suit, which was filed in March of 2002, went to trial on October 23, 2007 in U.S. District Court in Oakland. Proceedings lasted just over four weeks. Shareholder class-action suits are usually settled out of court, however, Kalkhoven and the other three officers chose to defend against the action, which they, correctly, believed had no merit.
"After five years of examining every email and employee at JDS Uniphase, plaintiffs could not lay a glove on Kevin Kalkhoven," said Kalkhoven’s attorney Michael Shepard, who works for the firm Heller Ehrman in San Francisco.
"As I predicted in my opening statement, all the plaintiffs could prove was that Mr. Kalkhoven is rich. We thank the jury for fairly reviewing the facts and appreciating the complete lack of evidence in the case.
The trial proved that JDS Uniphase did great while Mr. Kalkhoven was in charge and for a long time after. Today’s verdict completing vindicates Mr. Kalkhoven and proves that he always acted honestly and in good faith."
JDS Uniphase, a fiber optics parts provider, was created by the June 1999 merger between JDS Fitel, a Canadian telecommunications equipment maker, and Silicon Valley-based Uniphase. It quickly became a favorite on Wall Street and expanded through a string of purchases before business began slowing in calendar 2001 when business spending on telecommunications products stalled.
Kalkhoven, who was a part of the company for just three and a half weeks during the period of time the alleged conduct that formed the basis of suit occurred, stepped down as CEO in May 2000 when JDSU was still growing.
Rocketsports Racing will be testing Brazilian Alexandre "Xandi" Negrão this week at the Mercedes-Benz of Sugar Land Road Course in Houston, Texas as part of a driver evaluation. The team will take this opportunity to check out future race talent, while exploring their possibili ... mehr
Dominguez Gets the Experience of a Lifetime: PCM Champ Car driver Mario Dominguez was a guest of the Royal Canadian Air force in Cold Lake, Alberta on Thursday. Dominguez met Captain Paul "Squish" Umrysh earlier this year at the Rexall Grand Prix of Edmonton when Dominguez gave the pilot a ride in the F1 2-Seater. Captain Squish returned the favor and offered Dominguez the opport ... mehr
With the 2008 season right around the corner, Walker Racing is pleased to announce that it has completed its driver line up adding two more cars to the stable, as Leo and Greg Mansell will join the team to compete in the 2008 Cooper Tires Presents the Champ Car Atlantic Champi ... mehr
After a busy Saturday morning practice filled with minor adjustments and alterations to find an ideal setup, Nelson Philippe (#34 Juniper Soul / Opes Prime / Cosworth / DP01 / Bridgestone) will start in 13th position for the Gran Premio Tecate presented by Banamex on Sunday.
Since Nelson had limited practice time on Friday, he took full advantage of the hour and fifteen ... mehr
Conquest Racing is excited to announce the receipt of the Sherwin Williams ‘It’s All in the Finish" Color and Design Award. The brilliant pearl blue, white and metallic silver Juniper Soul / Opes Prime car sparkled in the Mexican sun and along with Nelson Philippe, pilot of the #34 car, wowed the local Planet Color judges.
The judges evaluated the paint scheme on the fie ... mehr
David Martinez continued capturing the attention and support of the Mexican fans today by qualifying in the top ten again for the Gran Premio Tecate in only his third Champ Car start. While still learning to use the Red Bridgestone alternate soft tires en 25 year old rookie ... mehr
Minardi Team USA drivers Robert Doornbos and ‘Speedy’ Dan Clarke improved in today’s final round of qualifications at the Autodromo Hermanos Rodriguez. Both drivers fought their way up the timing charts to with Robert laying down an outstanding lap, which was good enough for second fastest today, and puts him third on the grid for the race.
‘Speedy’ Dan was back in his m ... mehr
... but come up short
Despite a beautiful sunny, warm day in Mexico City, and a quicker race track, Alex Tagliani and his Rocketsports Racing team were unable to improve the #8 Rocketsports Cosworth/DP01/Bridgestone, which lead to a disappointing starting position for the 2007 Champ Car season finale.
Hoping that today would be better then ... mehr
... for tomorrow's Grand Premio Tecate
NEEL JANI TO START 11TH
Round #14 – 2007 Champ Car World Series season – PKV Racing’s Oriol Servia qualified fourth while teammate Neel Jani will start 11th in tomorrow’s Gran Premio Tecate Presented by Banamex at Autodromo Hermanos Rodriguez in Mexico City, Mexico.
Servia, behind the w ... mehr
After a promising Friday and a solid performance in Saturday’s morning practice, Justin Wilson qualified the #9/CDW/RuSPORT car fourth for Sunday’s Gran Premio Tecate in Mexico City, Mexico. However by way of Sebastien Bourdais’ provisional pole on Friday, Justin will line up fifth behind the #14/Muermans car of Robert Doornbos.
Team Australia’s Will Power laid down a bl ... mehr
Round #14 – 2007 Champ Car World Series season – PKV Racing’s Oriol Servia qualified fourth while teammate Neel Jani was ninth on the provisional grid for Sunday’s Gran Premio Tecate Presented by Banamex at Autodromo Hermanos Rodriguez in Mexico City, Mexico.
Servia, #22 Pay By Touch PKV Racing Cosworth/DP01/Bridgestone car, qualified with a ... mehr
Gran Premio TECATE
Friday, November 9, 2007
MARIO DOMINGUEZ, #28 TECATE/PCM/COSWORTH/BRIDGESTONE
Friday Practice 11th 1:28.632 112.73
Friday Qualifying 10TH 1:26.181 115.877
Mario on qualifying: "We made a lot of progress in the TECATE car today, but we definitely need to improve. We made several changes between th ... mehr
Conquest Racing’s Nelson Philippe (#34 Juniper Soul / Opes Prime / Cosworth / DP01 / Bridgestone) qualified in 14th position during Friday’s provisional session at the Autodromo Hermanos Rodriguez in Mexico City. Nelson complained of overall lack of grip and an unbalanced car. Nelson completed fewer laps than anyone today due to a chain of circumstances that started with a spin i ... mehr
David Martinez got off to a strong stara today at the historic Autodromo Hermanos Rodríguez race track today by qualifying provisionally in the seventh position for Sunday´s Gran Premio Tecate. After running into a series of problems during morning practice the Monterrey native managed to recover during qualifying and turn a lap of 1m26.056s in his #7 INDECK/Axtel/Tecate, placing ... mehr
The final race weekend of the 2007 Champ Car World Series season is now under way, and it is an extremely important one for Minardi Team USA, as drivers Robert Doornbos and ‘Speedy’ Dan Clarke stand to improve their positions in the final points standings.
With the right results in Sunday afternoon’s Tecate Grand Prix of Mexico, Robert could add second place in the Champ ... mehr
Mexico City, Mexico
Justin Wilson and his #9/CDW/RuSPORT car missed securing a spot on the front row of Sunday’s Gran Premio Tecate presented by Banamex race by just .127/1000th of a second. Justin has always run well on the 2.77 mile Autodromo Hermanos Rodriguez circuit, scoring a dominating win in 2005 and leading the 2006 race with a broken wrist, only to lose t ... mehr
ROCKETSPORTS MEXICO CITY NOTES & QUOTE – FRIDAY
After a good morning session in Mexico City, Alex Tagliani and his Rocketsports team worked hard to improve the car for the first round of qualifying, however, things did not go very well for the team and has left them scratching their heads looking for answers.
Tagliani ran ten laps this morning ... mehr
Event: The Grand Premio Tecate Presentado Por Banamex
Round: 14 of 14 in the 2007 Champ Car World Series
Where: Autodromo Hermanos Rodriguez, Mexico City, Mexico – 2.774 permanent road course
TV: ESPN 2 at 2:00 pm ET November 11th
Hometown Hero: Recently honored with the title "The Official Driver of Mexico City" by mayor Marcelo Eb ... mehr
Pacific Coast Motorsports is proud to announce their partnership with TECATE for this weekend’s Gran Premio TECATE Presentado Por Banamex, the final round of the 2007 Champ Car World Series.
TECATE will be the primary sponsor of the #28 TECATE/Cosworth/Bridgestone driven by Mexican Superstar, Mario Dominguez. Team mate Alex Figge will also carry TECATE branding a ... mehr
Rocketsports Mexico City preview
Gran Premio Tecate Presented by Banamex
Autódromo Hermanos Rodríguez, Mexico City, Mexico
Round 14 of 14 – Champ Car World Series
November 9-11, 2007
Prov. Qualifying: Friday, Novemb ... mehr
Graham Rahal has only one goal for the Champ Car World Series finale in Mexico City – victory. His rookie season of racing with the Newman/Haas/Lanigan team, driving the Medi | Zone car has already produced four podium finishes and the elusive win is the aim for teenage racer, Rahal.
The Autodromo Hermanos Rodriguez, named after Mexico’s most famous motor racing sons, Ri ... mehr
David Martinez and Ricardo Aladro
David Martinez announced today at a press conference held in Mexico City that AXTEL, a leading Mexican telecommunications company, will be an official sponsor of his Forsythe Racing’s #7 Champ Car at the Gran Premio Tecate, ... mehr
Nelson’s Momentum driving him to the top
After a top-six finish in his first race of the season, Nelson Philippe (#34 Juniper Soul / Opes Prime / Cosworth / DP01 / Bridgestone), is looking forward to a strong finish to the 2007 Champ Car World Series season ... mehr
With only one race remaining on the 2007 Champ Car World Series schedule, Minardi Team USA drivers Robert Doornbos and ‘Speedy’ Dan Clarke intend to end the year with a bang – the good kind, hopefully - and bring home another trophy.
Rookie Robert Doornbos finished a strong fourth in Surfers Paradise. Despite starting fourteenth, he made up ten positions and nearly scored ... mehr
Pacific Coast Motorsports, a two-car team in the Champ Car World Series will be featured on the January 14, 2008 episode of The History Channel’s "Modern Marvels."
The episode which was filmed Monday at the team’s Oxnard, California headquarters will be titled "Carbon" and will prominently feature PCM’s DP01 Champ Cars, team and corporate partners. The film crew for the h ... mehr
For the Team Australia, the Surfers Paradise rendezvous in Australia turned out to be special. Even if the team comes from Indianapolis (USA), its main sponsor Aussie Vineyards and one of the drivers are Australians. It increased the stakes and the pressure of the last but one r ... mehr
Pacific Coast Motorsports will test Atlantic standout Carl Skerlong in the #29 PCM/DP01/Cosworth/Bridgestone Champ Car at Buttownwillow Raceway on November 28th.
Skerlong’s rookie season featured two podium finishes en-route to his to ... mehr
Armed with a competitive car, Nelson Philippe (#34 Juniper Soul / Cosworth / DP01 / Bridgestone) was not ready to sit back and accept his 13th starting position on the grid. He knew this was going to be a difficult first race back in the Champ Car World Series, but he was able to take advantage of his previous race experience and success at the difficult Surfers Paradise circuit ... mehr
David Martinez proved today that he is ready to compete at the front in Champ Car regardless of the lack of experience that he has compared to the rest of the field and the fact that he hadn’t been in a race car for a year.
In what is considered the toughest track of the season, Martinez completed a successful race in which he managed to pick up many positions and finish ... mehr
Surfers Paradise, Queensland, Australia
Justin and the #9/CDW/RuSPORT team took home a well-earned second place in the Lexmark Indy 300 at Surfers Paradise on the Gold Coast of Brisbane, Australia today. Sebastien Bourdais (Newman/Haas/Lanigan) claimed the victory and his fourth Champ Car Drivers Championship, while Bruno Junqueira, more than 40 seconds be ... mehr
SERVIA 14TH
SURFERS PARADISE, QUEENSLAND, AUSTRALIA -- SUNDAY, OCTOBER 21, 2007 -- Round #13 – 2007 Champ Car World Series season – PKV Racing finishes in eighth place with Neel Jani, while his team mate Oriol Servia finished 14th today in the Lexmark Indy 300 Champ Car Grand Prix on the 2.795-mile, 12-turn street course in Surfers Paradise, Queensland, A ... mehr
It was another exciting race in Surfers today for the 2007 Lexmark Indy 300, and despite starting the race at the back of the grid (in 14th), Minardi Team USA driver Robert Doornbos rebounded to score a top-four finish. He nearly came home with another podium but in the end finished fourth. For team-mate ‘Speedy’ Dan Clarke, his race began very well, moving up from tenth to eight ... mehr
Figge Hangs on for 13th without Brakes
The Lexmark Indy 300 - Surfers Paradise, Queensland, Australia
Saturday, October 20, 2007
Alex Figge #29 Conrad Jupiters/DP01/Cosworth/Bridgestone
Started: 15th Finished: 13th Highest Race Position: 8th
Alex on the race: "I am a bit disappointed in ... mehr
It was a long weekend for the Rocketsports Racing team, and a long race today in Surfers Paradise, Australia that almost saw Alex Tagliani salvage a top-five finish, but team will take a top-ten result knowing they worked very hard to deserve it.
During the Warm Up session, Tagliani demonstrated that the team was ready to fight in today’s Lexmark Indy, by finish ... mehr
Surfers Paradise, Qld Australia (October 20, 2007) - After two days of re-familiarization with the Champ Car World Series and coming to grips with the new DP01, Nelson Philippe (#34 Juniper Soul / Cosworth / DP01 / Bridgestone) will start 13th on the grid for tomorrow’s Lexmark Indy 300. He and Conquest will be working to improve the package overnight and be looking forward to a ... mehr
NEEL JANI EIGHTH
Round #13 – 2007 Champ Car World Series season – PKV Racing qualified on the front row with Oriol Servia starting in second place while teammate Neel Jani places eighth for tomorrow’s Lexmark Indy 300 Champ Car Grand Prix in Surfers Paradise, Queensland, Australia.
Servia, #22 Pay By Touch PKV Racing Cosworth/DP01/Bridgestone car, q ... mehr
David Martinez completed the second day of activities for the Lexmark Indy 300 at Surfers Paradise by qualifying on the ninth row for Sunday’s race. After being off the race tracks for almost a year, Martinez has used this race weekend to adapt to the 750 horsepower Champ ... mehr
After little, to almost no, time on track during Friday’s kick-off Champ Car activities for the Lexmark Indy 300, Rocketsports Racing was able to rebound by getting in quality track time and a suitable car for the final round of qualifying today in Surfers Paradise, Australia. ... mehr
The Lexmark Indy 300 - Surfers Paradise, Queensland, Australia
Alex Figge #29 Conrad Jupiters/DP01/Cosworth/Bridgestone
Saturday AM Practice 15th 1:33.519 107.593
Pre-Qual Warm-Up 9th 1:34.770 106.173
Saturday Qual ... mehr
