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

To: fishweed who wrote (1764)	11/5/1999 1:00:00 AM
From: jay silberman	Read Replies (1) \| Respond to of 24042

Gruntal on JDSU/OCLI: gruntal.com JDS Uniphase Corporation (JDSU - $191.44 @ 8:00 am EST, 11/4/99) 1-1 (Outperform-Outperform) Int.-Term Target Price: $217 Long-Term Target Price: $360 JDS Announces Acquisition of OCLI - JDS Uniphase signed a definitive agreement to acquire Optical Coating Laboratories, Inc (OCLI-NASDAQ-$119.25-Not Rated) in an all-stock transaction valued at $2.8 billion. - According to our calculations, the acquisition will be accretive to JDSU?s F2000E EPS by approximately $0.02, using 15.3 million diluted shares for OCLI, assuming no revenue or cost synergies. - According to the agreement, OCLI shareholders will receive 0.928 JDSU shares per OCLI share, which represents a 49% premium over Wednesday?s close. - JDSU expects the transaction to close in the third quarter of F2000. - We continue to rate JDSU shares a 1-Outperformer in both the intermediate and long term. Mark Langley