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Gold/Mining/Energy : JDS Fitel

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To: Chris Stovin who wrote (659)	1/30/1999 3:46:00 PM
From: pat mudge	Read Replies (1) of 815

Chris -- If you want to listen to the cc replay, the number is: 800-558-5253, access code 1635102#. There were several questions regarding US versus Canadian shareholders and tax consequences. As I understand it, US holders will be issued shares in JDSUniphase and Canadians will maintain the Canadian equivalent until they decide to sell. Once the current shares are redeemed (could take years), all shares will be JDSUniphase and traded on both the Nasdaq and TSE. As for the overall tone of the conference call, it appears the market is growing by leaps and bounds and instead of competing and doubling their efforts to enter each other's markets, the two companies decided to join forces and use their combined strengths to be first to market in both active and passive components.(Speed to market emphasized over and over.) They will develop more modules but will not become a systems vendor. Any shareholders who have questions can call Leslie Brown at Uniphase, 408-570-2000 or Eileen Nolan at JDS, no phone no. given. Merger is estimated to close by the end of June though the two companies would like it to happen sooner. Pat

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