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Technology Stocks : JDS Uniphase (JDSU)

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To: Becky B who wrote (5899)	2/2/2000 3:32:00 AM
From: b_spiral	Read Replies (1) of 24042

One old Furukawa news article Friday, January 7, 2000 Furukawa Elec To Cover Retirement Pay By Equity Sales TOKYO (Nikkei)--Furukawa Electric Co. (5801) plans to cover the shortage in parent company retirement pay obligations totaling 50 billion yen by the end of March 2002, company officials said. The leading electric wire and cable maker aims to raise funds mainly by selling equity stakes in group companies, especially JDS Uniphase Corp. (JDSU), a U.S. affiliate included in the firm's consolidated balance sheet under the equity method. Unrealized profit on JDSU shares is estimated at 1.2 trillion yen. By the end of the business year through March 31, Furukawa aims to cover 18 billion yen out of the shortage using funds raised from a December sale of JDSU shares. Assuming a discount rate of 3%, retirement pay obligations would swell to 80 billion yen by March 2000. Furukawa has already covered 30 billion yen of the liabilities. (The Nihon Keizai Shimbun Friday morning edition) -------------------------------------------------------------------------------- Corporate Profiles: FURUKAWA ELECTRIC(5801)

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