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

To: John Boluyt who wrote (1706)	11/4/1999 6:54:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 24042

JDS Uniphase shares soar The Ottawa Citizen Another month, another hundred bucks. The price of JDS Uniphase stock jumped $30.05 or 12 per cent yesterday to close at $282. Only a month ago, the high-flying fibre-optic company was trading at $183. There was no news to explain the sharp rise in the stock yesterday, only the sound of analysts running to try to stay ahead of the fast-moving stock. Several issued new estimates last week, forecasting a price of $160 to $190 U.S. in the next year. JDS closed at $191 7?16 in U.S. trading yesterday, up $20 7?16. The stock has risen so quickly that the company might have to institute a 2-for-1 stock split -- as it did in July -- to bring the price down to manageable levels. Last week JDS, which has operations in Nepean and San Jose, California, said it expects sales to double in the next year. One possible factor for the latest increase could be plans by Nortel Networks to invest $400 million to triple production of fibre-optic gear in the next year. Investors appear to have decided Nortel's decision is more an endorsement than a threat to JDS's position as the world's largest independent maker of fibre-optic gear. Nortel stock rose $4.65 to close at $94 yesterday.