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

To: jackmore who wrote (1985)	11/12/1999 11:32:00 AM
From: quidditch	Read Replies (1) \| Respond to of 24042

Furukawa had been JDS Fitel's principal stockholder and gradually reduced its stake to about 51% or so, then down to 48%. It's consent to see its stake reduced in a combined UNPH and JDS Fitel was critical to allow the merger to move forward. Don't know the exact reason for this announcement or the timing thereof; perhaps there was some scuttlebut in the market about potential competition between JDSU and the now, no-longer controlling stockholder. Steve

To: jackmore who wrote (1985)	11/13/1999 11:00:00 AM
From: Kent Rattey	Read Replies (2) \| Respond to of 24042

Sorry about all the posts, I've been traveling... This is the reason for the press release: www2.photonicsonline.com{85A1B279-979D-11D3-9A6B-00A0C9C83AFB}&Bucket=HomeLatestHeadlines Fitel Technologies Enters North American Optoelectronics Marketplace; John Pilitsis to Head 11/11/99 In a move to establish a strong presence in the North American fiber optics and optoelectronics market, Japan-based Furukawa Electric Co. (FEC) has formed Fitel Technologies Inc. (Clinton, NJ). Supported by more than 1,000 FEC scientists, engineers, and product developers, Fitel will concentrate on marketing, regional product development, sales, and manufacturing. To help achieve its ambitious goal of being one of the top tier optoelectronic suppliers within 24 months, the company has named John Pilitsis to the position of CEO; Pilitsis was formerly COO of Lucent Technologies (Murray Hill, NJ) Optoelectronics business. Fitel is targeting pump lasers, passive devices for dense wavelength division multiplexing (DWDM) applications, and devices based on micro-electro-mechanical systems (MEMS) technology.