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Strategies & Market Trends : Technical analysis for shorts & longs

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Dec 22 4:00 PM EST

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To: Johnny Canuck who wrote (38371)	11/6/2002 4:15:07 AM
From: Johnny Canuck	Read Replies (1) of 69185

Dow Jones Business News Furukawa Elec Denies Report To Quit US Optic Fiber Output Tuesday November 5, 9:49 pm ET TOKYO -(Dow Jones)- Japan's Furukawa Electric Co. (J.FUR or 5801) Wednesday denied a newspaper report that it will stop manufacturing mass-production-type optical fibers at its U.S. subsidiary. The Asahi Shimbun reported that the U.S. unit will cease mass-production of optical fibers and focus on specialty fibers. The move would mean a drastic cutback of the company's U.S. operation only a year after it launched the U.S. business by purchasing a Lucent Technologies Inc. (NYSE:LU - News) optical fiber unit for Y280 billion, the report said. Saying the report isn't true, Furukawa Electric said the U.S. unit will continue to produce optical fibers. -Tokyo Bureau, Dow Jones Newswires; 813-5255-2929

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