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Technology Stocks : JDS Uniphase (JDSU)

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To: Becky B who wrote (5899)	2/2/2000 9:46:00 AM
From: Kent Rattey	Read Replies (1) of 24042

Hi Becky B, You will find the article under this one listed under JDS Uniphase in the "High Tech" section; ottawacitizen.com Wednesday 2 February 2000 Investors barred from attending JDS conference presentation Anthony Effinger Bloomberg News SAN FRANCISCO -- JDS Uniphase Corp., the No. 1 maker of parts for fibre-optic communications networks, closed its presentation at the Banc of America Securities technology conference yesterday to all but the securities firm's clients. Banc of America said the session was closed because JDS Uniphase is in the process of buying E-Tek Dynamics Inc. for about $15.5 billion U.S. in stock. Investors not invited to the San Francisco conference had no way of getting information from a presentation by JDS Uniphase chief financial officer Anthony Muller. U.S. Securities and Exchange Commission chairman Arthur Levitt has criticized the practice of providing information only to institutional investors and analysts. Mr. Levitt has said that the practice, known as selective disclosure, puts small investors at a disadvantage to institutions, such as pension and mutual funds. Banc of America spokeswoman Jennifer Smith said her firm closed presentations by companies that are in the midst of making acquisitions or undertaking other activities that they think hamper their ability to disclose more about their operations. "Out of courtesy to them, because they are in a quiet period, we limit attendance at their sessions to our client base," Ms. Smith said. "It's a joint agreement between the companies presenting and our compliance department."

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