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

To: Bulldozer who wrote (1127)	9/29/1999 3:39:00 PM
From: SJS	Read Replies (1) \| Respond to of 24042

JDS soars with new technology demonstration By Susan Taylor OTTAWA, Sept 29 (Reuters) - Market darling JDS Uniphase Corp. <JDSU.O><JDU.TO> continued to find favour with investors on Wednesday after the fiber-optic equipment developer unveiled new technology and plans for a stock split. Shares in the JDS, the result of a June 30 merger between San Jose, Ca.-based Uniphase Corp. and Ottawa-area based JDS FITEL Inc., led the Toronto Stock Exchange with net gains. The issue firmed C$7.50 on Wednesday to trade at C$177.50 in Toronto, up 4.4 percent, following a gain of C$6.95 Tuesday. On Nasdaq, the stock rose $4-13/16 on Wednesday to $121- 3/8 as 2 million shares traded hands. JDS, the world's No. 1 maker of parts for fiber-optic equipment in phone networks, sells passive components that boost network capacity and active components that push large volumes of data along the networks. The firm said on Tuesday it is demonstrating technology that uses fewer parts to do more work, which will mean JDS customers can cut inventory and maintenance costs. The system is likely about two years from commercial release. "This is a major bit of technology," Chief Financial Officer Tony Muller told Reuters. "The development effort is at least five years old." Today, manufacturers must supply one laser and one modulator for each channel in dense wavelength systems, which run up to 80 channels. The JDS prototype features a tunable laser that can cover up to 20 channels and a modulator that can cover an entire range of channels at two different speeds. The technology is being demonstrated at two industry events in Chicago and France this week. "It is an indication of how JDS Uniphase can add value by putting the pieces together for our customers," said Chief Executive Kevin Kalkhoven in a statement. The firm also said on Tuesday it had approved a two-for-one split of its common stock payable as a stock dividend paid December 29. ($1=$1.46 Canadian)