JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Bill Holtzman who wrote (4902)	1/21/2000 3:06:00 AM
From: Thomas Tam	Read Replies (1) of 24042

Regarding S&P 500 money Check this post from July '99 Message 10435345 The current market cap is in the neighborhood of 12-13 trillion. JDSU's current market cap excluding ETEK is 68 billion. Therefore the percentage is roughly between 0.52-0.56% I believe Vanguard index fund alone is in the area of 100 billion. The last reference I had was the 700 Billion dollars in the pension and index funds mimicking the S&P. Again that was 6 months ago. They would need to buy 3.6 billion dollars worth of shares and at today's close at ~$238, that would require 15 million shares to be bought as of today. Of course with the OCLI merger and ETEK merger, the market cap will balloon even further causing a larger market cap weighted position. Currently 6 and 15 billion respectively. The numbers are boggling, and of course assumes JDSU holds its price. Definitely a major short squeeze is happening. The only thing that will shut it down would be a secondary offering to appease the shorts and institutions. Later

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