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Technology Stocks : JDS Uniphase (JDSU)

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To: Tunica Albuginea who wrote (18328)2/12/2001 4:51:16 PM
From: LJM  Read Replies (1) of 24042
 
=DJ Ciena Down-3: JDS Uniphase May Revise Outlook This Week

12 Feb 16:42


Nervousness that JDS Uniphase Corp. (JDSU) may revise its estimates when
announcing the completion of its acquisition of SDL Inc. (SDLI) also hurt
fiber-optics stocks Monday, traders said. JDS Uniphase shareholders are
scheduled to vote on the merger Monday.

"We expect management to hold a conference call on either Tuesday or
Wednesday to discuss pro forma earnings and revenue guidance," he wrote. "The
new guidance will be based on the acquisition of SDL as well as the sale of JDS
Uniphase's Zurich facility to Nortel for $2.5 billion in stock."
JDS Uniphase shares closed at $40.63, down $2, or 4.7%.

-Christine Nuzum; Dow Jones Newswires; 201-938-5172

(END) DOW JONES NEWS 02-12-01
04:42 PM
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