JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Alastair McIntosh who wrote (11693)	7/21/2000 11:40:06 PM
From: Warren Gates	Read Replies (1) of 24042

TIME TO UPDATE THE STREET.COM NUMBERS: old: 60 billion market cap = .47% of S&P = $4.7 billion worth of JDSU to be bought next Wednesday new: 126 billion market cap (938 million shares JDSU+ETEK X $135 per share) = .98% of S&P = $9.8 billion worth of JDSU to be bought = 72 million shares Of course, the funds have already got some of their brokers scooping up shares. No rules against these especially since this is the biggest S&P addition ever. The brokers are taking the risk though with 3 more days to go since technically they still own it. We've averaged 70 million in the past 2 days. Since Nasdaq double counts, 70 million have been bought so far. No one knows whether these are daytraders, arbs, shorts, funds but i would assume some of these buys are already being committed to the S&P funds. It's ridiculous to think we'll have 100+ million volume on the last hour of Wednesday. 3 more days to go. At this pace, if we may be at $150 on Wednesday.

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