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Technology Stocks : JDS Uniphase (JDSU)

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To: Ray Cayen who wrote (5854)	2/2/2000 2:55:00 AM
From: Becky B	Read Replies (4) of 24042

Re your post: Furukawa to unload 7 million JDSU shares... "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." Will you please provide the source site for this bizarre news? As a holder of both JDSU and Furukawa shares, I try to follow this company closely and am surprised to have missed something this big. Following its Dec. Rule l44 sale, Furukawa on Jan. 9 announced plans to gradually liquidate, by the end of March 2002, shares sufficient to cover a Y50billion shortfall in its retirement fund obligations. During this same time frame, Furukawa also announced: (1) licensing of its lead-frame alloy technology (used for logic integrated circuits) to Hitachi; (2) introduction (this month) of high-security Infonet-VP100 VPN equipment for e-commerce authentication; (3) alliances in developing keyboard-less (remote control/voice recognition) internet devices; (4) development of standards for mega-speed dedicated-use internet backbone routers; as well as (5) its continuing fibre-optics collaborations with JDSU and LU. (Not exactly 'old world' stuff...) IMO these announcements were in themselves sufficient to have stimulated increased volume, volatility and the 30% increase in Furukawa's share price since Dec. 1st. I'd appreciate your posting the link that states Furukawa would actually dump its increasingly valuable JDSU shares just 'to curb "yo yo" swings' in its own much more modest share price. This just doesn't seem to track... TIA -- Becky B.

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