Peggylynn --
Between the two of us, we keep the waterfront covered. :)
A little JDS Fitel history "from the archives":
Message 7538812
Mr. Junnosuke Furukawa, President of The Furukawa Electric Co., Ltd. stated: ''The fiberoptic industry is evolving rapidly and we recognize that, by merging together, JDS FITEL and Uniphase will be a stronger enabling force in that evolution. We are very pleased to be part of making this transaction possible, as we will be the largest shareholder in the company. Furukawa looks forward to a long-term relationship with JDS Uniphase.'' Furukawa, JDS FITEL's largest shareholder with 40.5 million shares, or approximately 52% of the outstanding shares, endorses the merger. In order to effect a limited return on its significant ongoing investment, Furukawa intends to sell approximately 3.5 million of its shares of JDS FITEL in the near term. Furukawa has engaged CIBC Wood Gundy Securities Inc. as a financial advisor regarding the proposed sale.
Also a cooperative agreement:
jdsunph.com
Junnosoke Furukawa, President and CEO of Furukawa Electric, added, "We are pleased to continue this co-operative relationship with JDS Uniphase and believe it will provide significant benefits to our customers in the future. We have a long-standing and excellent partnership, and we will continue to support JDS Uniphase in its endeavors. Consequently, we do not anticipate making any significant changes in our holdings of JDS Uniphase shares."
And for smiles, a few posts picked up while looking for the Furukawa information:
Message 8960677
Feb. 4,1999
Message 7657237
Feb. 3, 1999
Message 7644190
The price of JDSU at that time was in the 85 to 88 range, pre-split, and since then there have been three 2:1s.
Pat |
