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

To: John Boluyt who wrote (1752)	11/4/1999 7:37:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 24042

Want to send this story to another AOL member? Click on the heart at the top of this window. JDS Uniphase Shares May Rise on Technology, Business Week Says San Jose, California, Nov. 4 (Bloomberg) -- JDS Uniphase Corp. shares may continue to rise on the strength of the fiber- optic equipment-parts maker's technology, Business Week reported, citing McKinley Capital Management Inc. Chief Investment Officer Robert Gillam. Sales more than doubled in its first quarter ended Sept. 30 to $230 million, and profit before acquisition costs rose to 29 cents, beating estimates. ''In terms of technology, it really has a tailwind behind it,'' Gillam told Business Week. JDS Uniphase today agreed to buy one of its suppliers, Optical Coating Laboratory Inc., for about $2.83 billion in stock, and shares closed at 191 7/8, after touching a record 204 1/8 earlier. (BW 11/15 P297)