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Technology Stocks : JDS Uniphase (JDSU)

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To: Kent Rattey who wrote ()	2/12/2000 8:18:00 AM
From: Kent Rattey	Read Replies (1) of 24042

Two other takeovers by JDS revealed Bert Hill The Ottawa Citizen JDS Uniphase Inc. of Nepean and San Jose, California, has revealed that its spent $67.2 U.S. million buying two companies in the Ottawa area last year. In filings with the Securities and Exchange Commission, JDS disclosed for the first time that it spent $39.5 million in stock and cash to by AFC Technologies Ltd. of Hull in August. The three-year-old company has 20 employees who make optical amplifier equipment. It also revealed that the full cost of buying Oprel Inc. of Nepean was $27.7 million, or 60 per cent more than disclosed in initial filings. Oprel is six years old and has 25 employees. JDS disclosed in the most recent filing that it paid $9.3 million U.S. in cash as well as 95,458 shares previously disclosed to buy Oprel. The local acquisitions were a small part of the $20 billion U.S. spent by JDS Uniphase on seven deals since last August to strengthen its line of fibre-optic components. Most of the deals were financed by JDS stock, which has soared more than tenfold in the past year and has given the company the purchasing muscle to emerge as the biggest component manufacturer with more than 60 per cent of the world market provided by independent suppliers. The spectacular rise in fibre-optic stock prices is generating a big day for another group of Canadian executives and investors who are now part of JDS. In May 1998, E-Tek Dynamics of San Jose bought ElectroPhotonics Solutions Corp. of Toronto for $40 million in stock. JDS bought E-Tek last month for $15.5 billion. Now, 15 ElectroPhotonics executives and investors are selling 400,000 E-Tek shares for $82 million. Chief executive Tino Alavie leads the group with shares worth $42 million.

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