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Technology Stocks : JDS Uniphase (JDSU)
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To: Bill Holtzman who wrote (3083)12/16/1999 4:07:00 PM
From: Northern Cougar  Read Replies (2) of 24042
 
Re JDSU AGM I was at the meeting , everything was approved (was there ever any doubt?).. Important point I picked up JDSU is in a $5billion dollar business that is expected to be $21 billion by 2003 and JDSU are undisputed leaders in the field and intend to maintain tha position . Expansion of manufacturing capacity is high on the priority list because clients like NT, LU and others are putting up Fibre networks networks like never before and with shorter lead times to implementation and are placing more and more demands on JDSU to provide the necessary equipment. I was worried that the QTera acquisition by Nortel might cut into JDSU sales at Nortel. However , The Co-Chair Kevin Kalkhoven indicated that this deal was excellent for JDSU since Qtera is already a very good client of JDSU and this see this Nortel acquisition as a plus for JDSU's business with Nortel. I have no compelling reasons to sell either short or long term . I figured we'd get resistance at 250 but when we get through this I think we'll see a quick assault on the former high of 270 or 135 after the split next week. BTW I'm currently sporting a "Josef Strauss Beret" a cute little gift for the attendees. In addition to spectacular gains for all the shareholders. I expect 2nd quarter ending 31 December to be consistent with previous quarters, good luck to all! :) N.C.
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