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Technology Stocks : JDS Uniphase (JDSU)

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To: quidditch who wrote (3685)	1/4/2000 4:02:00 AM
From: Glenn McDougall	Read Replies (1) of 24042

JDS soars on Nasdaq again JDS plans third stock split in six months By JOHN McHUTCHION CANOE Money Shares of market darling JDS Uniphase Corp. (JDSU-O) went for another ride in early trading Monday after the company announced a planned two-for-one stock split. One of the Nasdaq's best performers in 1999 with a whopping jump of 845 per cent, JDS share price hopped up another 14 per cent before settling back on that exchange after the company announced its third stock split in just six months. The most recent split came just 10 days ago. A maker of fibre-optic equipment, JDS is also going to ask its shareholders at a February 25 special meeting to approve a huge jump in its number of authorized shares from 600 million to three billion. On the Toronto stock market, shares of JDS (JDU-T) closed at $234 on December 31. The TSE is closed today for its New Year's holiday. JDS Uniphase plans third stock split in six months 400% increase in common shares JDS soars on Nasdaq again NEPEAN, Ont. (CP) -- JDS Uniphase Corp. (JDU-T) is starting 2000 the same way it began and ended 1999 -- with a blockbuster announcement. Just 10 days after a two-for-one stock split, the fibre-optic equipment maker announced Monday its third stock split in six months is in the works -- along with a huge increase in the number of its common shares. Last January, Ottawa-area JDS Fitel announced it was merging with Uniphase Corp. of San Jose, Calif. That sent the stock price soaring all year, with the merged company's shares closing at $234 each last Friday on the Toronto stock market. The rolling 52-week low for the shares is $57.50. JDS Uniphase said Monday that stockholder approval to increase authorized capital from 600 million to three billion shares will be sought at a special meeting Feb. 25. Subject to shareholders' approval, the record date for the stock split would be March 1. It was only on Dec. 16 that shareholders approved a two-for-one split, which took place Dec. 22. The stock was also split in September. The company also announced in December it will spend $125 million US on a worldwide expansion that will create thousands of jobs -- most of them in the Ottawa area. JDS Uniphase makes advanced fibre-optic products used in telecommunications and cable television industries.

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