JDS Uniphase (JDSU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JDS Uniphase (JDSU)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Boplicity who wrote (10020)	5/4/2000 1:55:00 PM
From: Tecinvestor	Read Replies (1) of 24042

JDSU passed over yet again. Sapient to Replace Reynolds Metals in S&P 500; Shares Rise 5/4/00 9:08:00 AM Source: Bloomberg News URL: cnetinvestor.com Cambridge, Massachusetts, May 4 (Bloomberg) -- Shares of Sapient Corp., which will replace Reynolds Metals Co. in the S&P 500 Index following Alcoa Inc.'s acquisition of the No. 3 aluminum maker, rose as much as 20 percent. Sapient, which helps firms build software and Internet systems, rose 14 1/4 to 93 5/8 in midmorning trading. The shares earlier touched 95 1/4. Sapient will join the S&P 500 Index after the close of trading today. Yesterday, Alcoa completed its purchase of Reynolds for $5.75 billion in stock and debt. Companies' shares typically rise when they join the S&P 500 because many mutual funds that try to mimic the performance of the index must buy the shares. Money managers often are judged by comparing their performance with the S&P 500.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next