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Technology Stocks : JDS Uniphase (JDSU)
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To: Ray Cayen who wrote (5854)2/1/2000 1:11:00 PM
From: t2   of 24042
 
JDS Uniphase's single largest shareholder plans to sell up to seven million shares, or 10 per cent
of its holdings.

Furukawa Electric Co. Ltd.'s reason for unloading the stock is it has been causing its own stock to
yo-yo on the Japanese exchanges. The company deals most in 'old world' products such as
copper and aluminum, commodities that are still depressed in the still saggy Asian marketplace.

This is the type of sale that does not bother me. Fukuwara does this regularly is my understanding. All it means (to me) is that there may be some more aggressive buying by mutual funds to take advantage of any weakness caused by this sale of stock. Once this sale is complete, there may not be much weighing down this stock going into the stock split. We could have a huge rally by then. That is why i am also looking to add more shares today/tomorrow.
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