Press Release

Leading Corporate Attorney Michael Phillips Rejoins Palo Alto Office

Palo Alto - (July 2, 2003) -- Morrison & Foerster LLP ("MoFo") today announced that Michael C. Phillips has rejoined the firm's 200-lawyer Corporate Group as a senior partner in the Palo Alto office. Mr. Phillips, who left the firm in 1998 to become Senior Vice-President of Business Development and General Counsel at Uniphase Corporation (now known as JDS Uniphase), will resume his corporate and mergers and acquisitions practice.

"We couldn't be happier to have Mike back at the firm," said Keith Wetmore, Chair of the firm. "He is a consummate corporate lawyer with rare business skills."

Mr. Phillips specializes in working with emerging high-technology and other companies, and has substantial experience in all aspects of counseling companies on business and securities matters from formation through public financing or acquisition. His practice focuses primarily on private venture capital and public financing transactions, merger and acquisition work, software and technology licensing matters, and international joint venture transactions.

Chip Lion, one of the senior corporate partners in the Palo Alto office, noted, "Someone of Mike's caliber returning to the firm speaks to the strength of the firm's corporate practice and strategic focus. Mike was greatly missed on a personal level and his return is especially valuable to our clients, who will benefit from his years of experience in handling high-profile M & A corporate matters. Mike's presence and key industry contacts add even greater value to our corporate practice."

In his prior time with Morrison & Foerster, Mr. Phillips advised numerous start-up ventures through IPO, including notable technology firms such as BEA Systems, Informatica, and TGV. While at Uniphase Corporation, Mr. Phillips coordinated that company's consolidation of much of the fiber components industry, including its acquisition of over 20 companies for an aggregate consideration of some $50 billion. Included in these acquisitions was the 1999 merger with JDS Fitel of Ottawa, Canada to form JDS Uniphase for $3.3 billion and the $41 billion acquisition in 2001 of competitor SDL -- at the time of its announcement the largest technology acquisition in U.S. history.

Mike Phillips commented: "After I left the firm five years ago, I had the opportunity to use MoFo's services to help guide JDS Uniphase through some very exciting business mergers. I have maintained very close relationships with many of the firm's lawyers and look forward to coming back on board."

Mr. Phillips received his B.A. degree from Stanford University in 1972 and his law degree from the University of California at Berkeley, Boalt Hall School of Law in 1976. He joined MoFo in 1988 as partner. Mr. Phillips is a member of the Santa Clara County and Palo Alto bar associations. He is also a member of the American Bar Association, where he belongs to the Section of Business Law and the Section of International Law and Practice.

The Palo Alto office has over 100 attorneys providing expertise in corporate finance, labor and employment, environmental, technology licensing, litigation, patent and intellectual property, tax, and real estate, as well as having access to the broad range of specialties offered by the firm overall.




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