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Non-Tech : The Critical Investing Workshop

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To: Dealer who wrote (26023)7/19/2000 9:00:19 PM
From: Dealer   of 35685
 
JDSU--S&P welcomes JDS Uniphase
Rite Aid checks out

By Tim Eaton, CBS MarketWatch.com
Last Update: 7:24 PM ET Jul 19, 2000 NewsWatch
Latest headlines

NEW YORK (CBS.MW) -- Standard & Poor's said Wednesday JDS Uniphase will replace Rite Aid Corp. in the S&P 500 Index after the close of trading on July 26.

An S&P release said Rite Aid (RAD: news, msgs), the drugstore chain, is being removed for lack of representation.

JDS Uniphase (JDSU: news, msgs), developer and manufacturer of fiber optic communications devices, will be added to the S&P 500 Communications Equipment industry group.

Share of JDS Uniphase closed down 4 9/16 in regular trading Wednesday at 106 3/4. After hours, however, the stock shot up 15 3/4 and was trading at 122 1/2.

Rite Aid shares rose 1/16 to 4 15/16.
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