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Technology Stocks : JDS Uniphase (JDSU)

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To: DownSouth who wrote (1122)	9/29/1999 10:34:00 AM
From: LBstocks	of 24042

JDS Uniphase Rises to Record After 2-for-1 Stock Split Set JDS Uniphase Rises to Record After 2-for-1 Stock Split Set San Jose, California, Sept. 29 (Bloomberg) -- Shares of JDS Uniphase Corp., the No. 1 maker of parts for the fiber-optic equipment in phone networks, rose as much as 4 percent to a record after it set a 2-for-1 stock split, the second since July. The shares rose 3 3/8 to 119 15/16 in early trading after touching a record 121 3/16. They've climbed more than fivefold in the past year and 53 percent since the last split took effect. JDS Uniphase is benefiting as telecommunications companies buy fiber-optic equipment to improve their networks to carry more data traffic. The company sells the filters, lasers and parts used to build new networks and boost capacity on existing ones. The company unveiled the split after the close of U.S. markets yesterday. The split will be effective Dec. 29 for shareholders of record Dec. 17. San Jose, California-based Uniphase Corp. agreed in January to buy Ottawa-based JDS Fitel Inc. The $7.05 billion acquisition was completed July 5.

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