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Technology Stocks : JDS Uniphase (JDSU)
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To: pat mudge who wrote (11265)7/11/2000 12:39:49 PM
From: t2  Read Replies (2) of 24042
 
Pat, It still looks like the ARBs have reduced the discount on the SDLI shares today.

Generally, it takes 1 to 2 days for a stock to start on the road to recovery after such a big deal announcement. I think the time of year has not helped JDSU (unlike the ETEK deal announcement). If this was a late fall deal, I think both stocks would have gone.

I find it interesting how people are suggesting JDSU overpaid for SDLI. If JDSU was pursueing SDLI, this logic would have made sense. Considering the CEO of SDLI made the first call, I would think JDSU saw more than they expected to. They must have been impressed.

Lets see if the recovery on JDSU starts late this afternoon.
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