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Strategies & Market Trends : Angels of Alchemy

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To: Bald Man from Mars who wrote (9031)	8/18/2000 2:08:27 PM
From: ColtonGang	Read Replies (1) of 24256

Why NT should buy BKHM.........``We are exploring a range of options with JDS that would enable us to address the explosive demand for our optical systems and concerns relating to the proposed merger with SDL,'' Nortel spokesman Jeff Ferry said. ``Our biggest concern is maintaining supply.'' Nortel expects its sales of fiber-optic equipment to exceed $10 billion this year and needs to ensure it has enough components to make those products and to boost production in the future. If JDS acquires SDL, Nortel won't be able to buy components from one when the other runs out. Nortel Networks (NT: news, msgs) declines to comment on market speculation that it may be preparing to acquire U.K.-based Bookham Technology (BKHM: news, msgs). Shares of the British fiber-optic technology company are up 8, or 15.3 percent, to 60 5/16 on volume of 2.4 million shares, almost triple the average daily volume. Shares of Brampton, Ontario-based Nortel rose 1 3/16 to 83 3/16.

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