SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : JDS Uniphase (JDSU)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jackmore who wrote (1985)11/12/1999 11:32:00 AM
From: quidditch  Read Replies (1) of 24042
 
Furukawa had been JDS Fitel's principal stockholder and gradually reduced its stake to about 51% or so, then down to 48%. It's consent to see its stake reduced in a combined UNPH and JDS Fitel was critical to allow the merger to move forward.

Don't know the exact reason for this announcement or the timing thereof; perhaps there was some scuttlebut in the market about potential competition between JDSU and the now, no-longer controlling stockholder.

Steve
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News