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To: StockHawk who wrote (7518)	10/4/1999 11:55:00 PM
From: StockHawk	Respond to of 54805

JDSU up $9.75 today. (JDU.) JDS Uniphase to Acquire EPITAXX, Inc. BUSINESS WIRE - October 04, 1999 03:18 SAN JOSE, Calif., Oct 4, 1999 (BUSINESS WIRE) -- JDS Uniphase Corporation (Nasdaq: JDSU and TSE:JDU) today announced the signing of a definitive agreement to acquire EPITAXX, Inc. (EPITAXX), based in Trenton, New Jersey. EPITAXX is a leading supplier of optical detectors and receivers for fiberoptic telecommunications and cable television (CATV) networks. EPITAXX's products include long wavelength detectors and receivers that address a number of applications including dense wavelength division multiplexing (DWDM) and SONET/SDH transmission, optical network monitoring for terrestrial and undersea networks, test and measurement, and fiberoptic analog CATV. The terms of the acquisition agreement provide for a purchase price of $400 million payable in JDS Uniphase Common Stock to the EPITAXX security holders. A closing in November 1999 is anticipated, subject to certain closing conditions, including the obtaining of required clearances under the Hart-Scott-Rodino Antitrust Improvement Act and other governmental approvals. "We are very pleased to bring EPITAXX into the JDS Uniphase family," said Kevin Kalkhoven, JDS Uniphase Co-Chairman and Chief Executive Officer. "The capability to supply advanced detectors and receivers, both in component form and as part of integrated modules, is a very significant step for JDS Uniphase in expanding our "active" optoelectronic product lines. We offer the broadest range of components and modules in the fiber optics marketplace available today from any independent merchant vendor and believe that the acquisition of EPITAXX will further extend our leadership role in providing complete solutions to our customer base." A majority of EPITAXX's shares are held by a subsidiary of Nippon Sheet Glass Co., Ltd. (NSG), a key supplier of micro-lenses to JDS Uniphase. Mr. Yozo Izuhara, President of NSG commented, "This transaction marks another milestone in NSG's increasingly close relationship to JDS Uniphase, which is a major customer of our micro-lens products. We look forward to continuing collaboration between the two companies in providing advanced products and technologies for the rapidly growing fiber optics telecommunications marketplace." Noboru Hiraguri, Vice-Chairman of EPITAXX, Inc. stated, "We believe that this acquisition is a very positive step for NSG, EPITAXX and JDS Uniphase." Dr. Yves Dzialowski, President and Chief Operating Officer of EPITAXX, Inc., said, "We look forward to joining JDS Uniphase and to integrating our technology and products with the wide array of products offered by JDS Uniphase. This new relationship coincides well with our existing efforts to leverage our technological leadership into advanced optical detectors and receivers and to significantly increase our manufacturing capacity, particularly for our 2.5 and 10 Gb/s Avalanche Photo Diode (APD) receivers and detectors for optical network monitoring." More information on EPITAXX, Inc. is available at www.expitaxx.com.

To: StockHawk who wrote (7518)	10/5/1999 12:53:00 AM
From: Sommers	Read Replies (3) \| Respond to of 54805

Thanks SH. But the quote wasn't to be taken literally. BTW, While the world was peeing their pants 12 months ago, I placed the three largest trades of my life: 10/1/98 CSCO at 29.062, 10/5/98 CSCO at 24.8, and again on 10/7/98 CSCO at 21.7 - I'll never forget October 7, 1998 for as long as I live, I was shaking like a leaf! I bought GMST today with a portion of these obscene gains. However, if the Q, CSCO, MSFT, INTC and GMST all go Chapter 11 you'll be able to find me at the local strip club:0) Best, --Sommers