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Technology Stocks : JDS Uniphase (JDSU)
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To: Master (Hijacked) who wrote (5853)2/1/2000 12:53:00 PM
From: Ray Cayen  Read Replies (3) of 24042
 
not sure if this has been posted yet (too many posting to follow all of them), my apologies if it has:

Largest JDS shareholder unloads

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.

Furukawa bought into JDS Uniphase in the early 90s when JDS was a struggling startup. It
grabbed a 70 per cent stake, and added the 'Fitel' portion to JDS's name. It reduced its holdings
when JDS went public, and continued selling until it owned just about 20 per cent.

JDS had no comment on the stock sale.
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