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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: John Pitera who wrote (1452)	7/10/2000 8:54:49 AM
From: wlheatmoon	Read Replies (1) of 2850

JDS Uniphase to Buy SDL for $41 Billion Jul 10 7:03am ET NEW YORK (Reuters) - Fiber optics product makers JDS Uniphase Corp. and SDL Inc. said on Monday they would merge in a stock deal worth $41 billion. Under the definitive agreement, 3.8 shares of Canada's JDS Uniphase will be exchanged for each SDL share, the companies said. SDL will operate as a wholly-owned subsidiary of JDS Uniphase once the transaction closes. The deal must still be approved by shareholders and regulators, the companies noted. ``This combination brings together world class technical and manufacturing teams that promise to deliver best-in-class products at increased volumes for today's systems while developing solutions for tomorrow,'' said Don Scifres, SDL chief executive. ``We also expect to enable the migration from today's hybrid integration and module level products to tomorrow's truly integrated system on a chip.'' SDL shares closed Friday up $10-7/8 at 295-5/16, off a high of 315-1/8. JDS Uniphase's New York-traded stock closed at $116-3/16, off a high of 153-3/8.

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