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Technology Stocks : SDLI - JDSU transition
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To: Red Dragon who wrote (243)2/17/2001 10:37:21 AM
From: Jack Hartmann  Read Replies (1) of 3294
 
From the 10K of JDSU 2/13/01

<iu>On February 13, 2001, the Company completed the sale of its Zurich, Switzerland subsidiary to Nortel Networks ("Nortel") for 65.7 million shares of Nortel common stock valued at $2.1 billion, as well as up to an additional $500 million in Nortel common stock payable to the extent Nortel purchases do not meet certain levels under new and existing programs through December 31, 2003. The Company expects to record a gain estimated at $1.9 billion in the quarter ended March 31, 2001.

sec.gov

The gain maybe something like 1.3B instead now. The $31.56 was the average price of NT when doing the math.

Jack
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