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

To: Kent Rattey who wrote (2024)	11/16/1999 10:16:00 AM
From: LBstocks	Respond to of 24042

Piper Jaffray ups estimates on JDSU> Tuesday November 16, 9:37 am Eastern Time Alert: Us Bancorp Piper Ups Jds Uniphase Fy2000 Eps View to $1.33 From $1.31 (NasdaqNM:JDSU)

To: Kent Rattey who wrote (2024)	11/16/1999 4:57:00 PM
From: Kent Rattey	Read Replies (1) \| Respond to of 24042

ottawacitizen.com JDS stock bounces back after shareholder says new plant not a threat Bert Hill The Ottawa Citizen The single biggest owner of JDS Uniphase Inc. of Nepean and San Jose, California, is setting up new operations in North America. But the high-flying fibre-optics company said yesterday that doesn't mean Furukawa Electric of Japan is dumping JDS stock and declaring war. Furukawa, which owns 23 per cent of JDS stock, said this week that it will set up a subsidiary in New Jersey with the goal of becoming one of the top three North American suppliers in 24 months. John Pilitis, former head of Lucent Technologies' fibre-optics division, will head the operation. New Jersey-based Lucent is the second-biggest fibre-optic systems supplier behind Nortel Networks. The announcement was read by one Toronto-based analyst as trouble for JDS. Company spokesman Tony Muller said JDS stock fell four per cent after the analyst issued a warning to investors. But yesterday JDS and Furukawa said Furukawa has no plans to compete with JDS and that the two companies will continue to co-operate. JDS stock jumped nine per cent yesterday to close at $291.80 after the statement's release. "We do not anticipate making any significant changes in our JDS Uniphase shares," said Junnosoke Furukawa, chief executive of Furukawa Electric. Furukawa makes pump lasers, which JDS Uniphase assembles in Nepean as part of its fibre-optic amplifier product line. Furukawa owned 52 per cent of JDS Fitel, the Nepean-based company that merged with Uniphase this year. It sold some of its stock prior to and after the merger and now holds about 23 per cent of JDS Uniphase stock.