Uniphase Corporation to Join Nasdaq-100 Index Beginning May 5, 1999
WASHINGTON, May 4 /PRNewswire/ -- Uniphase Corporation (Nasdaq: UNPH - news), of San Jose, California, will become a component of the Nasdaq-100 Index®, effective at the close of trading Tuesday, May 4, 1999. Uniphase will replace Jacor Communications, Inc. (Nasdaq: JCOR - news), which is scheduled to be acquired by Clear Channel Communications, Inc.
Uniphase Corporation, with a market capitalization of $ 5 billion, is a leader in the field of optoelectronics. It designs, develops, manufactures and markets fiber optic telecommunications components, modules and lasers. The company's products are sold to the telecommunications and cable television markets.
The Nasdaq-100 Index, launched in January 1985, rose more than 80 percent in 1998, although past performance is not necessarily indicative of future performance. The Nasdaq-Amex Market Group(SM), which operates The Nasdaq Stock Market® and the American Stock Exchange®, is a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States. The union of Nasdaq® and Amex® creates the world's first financial market that brings together central auction specialist and multiple Market Maker systems.
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