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Gold/Mining/Energy : JDS Fitel

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To: Stephen J who wrote (637)	1/28/1999 11:14:00 PM
From: Carpe per Diem	Read Replies (1) of 815

one JDS share $60CND + one UNPH share $80US = $180CND/2 = $90CND ?? If this is a merger of equals...why as JDS shareholders should we expect a windfall? $90 CND couldn't possibly be in the cards. If that were true...Uniphase shareholders will be crying in their watered down yankee suds. Imagine them trading their $80 US shares for $90 CND (equivalent) shares...I don't think so. This deal requires more explanation. Long term it looks great, shares will jump tomorrow no doubt, but open at $90 CND...don't bank on it. If I'm wrong..I'll bid JDS and short Uniphase. Rinks

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