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

To: Glenn McDougall who wrote (1595)	11/2/1999 8:33:00 AM
From: Kent Rattey	Respond to of 24042

Nortel to unveil plans to build Kanata plant 'Major announcement' on $20M project expected today Bert Hill The Ottawa Citizen Nortel Networks is expected to officially reveal plans for a $20-million fibre-optic component plant in Kanata today. Nortel chief executive officer John Roth has scheduled a news conference for this morning to announce, along with Industry Minister John Manley, what Nortel calls "a major announcement on global strategy." However, the announcement at the National Press Theatre was upstaged yesterday by some heavy ground-moving equipment. Work started on the 17-acre site on Palladium Drive east of the Corel Centre as a sign of Nortel's urgency in increasing production of fibre-optic gear. Later today, Nortel will officially seek a building permit at Kanata City council for the first stage of construction of a light manufacturing plant. Kanata officials have been involved in the project for some time, and approval should go quickly because the land is already zoned for that purpose. The first phase of the plant of 125,000 square feet will employ about 300 people during normal business hours and evening and night production shifts of about 125 people each. Nortel has told local real estate industry officials that it hopes to have the plant in operation by next summer. A second phase is expected to follow soon, which would double the plant size. The first phase will cost a minimum of $12.5 million to build, but sophisticated manufacturing equipment and high construction standards which virtually eliminate vibrations will boost the price much higher. The land is expected to cost $225,000 an acre -- a record for industrial land sale. The Kanata plant is one part of Nortel's international strategy to quickly ramp up production facilities to meet the demand for fibre-optic gear. Sales are expected to double in the next year to almost $5 billion, or 25 per cent of Nortel overall sales. JDS Uniphase of Nepean and San Jose, California, the leading independent maker of fibre-optic equipment, also announced last week it expects sales to double in the next year. Fibre-optic gear lets telephone companies drastically increase the capacity of their systems in response to the wave of demand created by the Internet and corporate internal networks.

To: Glenn McDougall who wrote (1595)	11/2/1999 8:34:00 AM
From: James Fulop	Read Replies (1) \| Respond to of 24042

Food chain question to the "arms merchants"- I read the following article and am interested in who is providing the DWDM infrastructure >>Time Warner Telecom, Inc. (Nasdaq: TWTC - news), a leader in building fiber networks to offer data, Internet and voice for local businesses, today announced plans to connect customer telecom traffic on a 788-mile fiber backbone between Dallas, Ft. Worth, Houston, San Antonio, Austin and Waco, Texas.<< biz.yahoo.com Any ideas? Thanks.