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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (411)	6/21/1999 11:05:00 AM
From: Stephen L	Read Replies (1) \| Respond to of 24042

IF you are a US resident, the exchange for JDS shares to UNPH share is considered a taxable event. I am not a tax counsil (and I am very frustrated at being in this situation) but the merger documents state it is the opinion of the company's accountants that it is a taxable event. My own guess is that since JDS is not a US Domiciled entity that the stock "swap" represents a transfer of ownership interests that pre merger would not be viewed as equivalents by the IRS. The Canadian residents are lucky in the sense of getting Exchange co shares so they can keep the stock in Canadian retirement accounts. If you have any tax losses, now is the time to realize them (just remember the 30 day wash sale rule if you still like the companies).