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

To: Cosmo Daisey who wrote (2422)	12/1/1999 9:31:00 AM
From: goin HOG wild	Respond to of 24042

Thanks for your explanation. I was assuming these blocks were sells. Maybe that is not the case. What is your thought it?

To: Cosmo Daisey who wrote (2422)	12/1/1999 10:08:00 AM
From: LBstocks	Read Replies (1) \| Respond to of 24042

JDS Uniphase Corp: The Furukawa Electric Co. - Announcement of Rule 144 Sale NEPEAN, Ontario and SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 1, 1999--JDS Uniphase Corporation (Nasdaq:JDSU - news; TSE:JDU - news) and The Furukawa Electric Co., Ltd. announced that Furukawa Electric, through a wholly-owned subsidiary, has sold a limited portion of its holdings, approximately 1.8 million common shares, in JDS Uniphase. The sale was effected in accordance with the requirements of Rule 144 under the United States Securities Act of 1933. Furukawa Electric, JDS Uniphase's largest shareholder, with approximately 38.0 million shares, or approximately 21% of the aggregate common and exchangeable shares outstanding, has sold the shares in order to pursue certain financial improvement initiatives, including the repayment of external interest-bearing debt. As a result of this sale, Furukawa Electric continues to hold approximately 36.2 million shares, or approximately 20% of the aggregate common and exchangeable shares outstanding. Furukawa Electric is committed to remaining a long-term holder in JDS Uniphase and currently does not anticipate making any significant changes in its holdings for the foreseeable future. JDS Uniphase is a high technology company that designs, develops, manufactures and distributes a comprehensive range of products for the growing fiberoptic communications market. These products are deployed by system manufacturers worldwide to develop advanced optical networks for the telecommunications and cable television industries. JDS Uniphase Corporation is traded on the Nasdaq National Market under the symbol JDSU and the exchangeable shares of JDS Uniphase Canada Ltd. are traded on The Toronto Stock Exchange under the symbol JDU. More information on JDS Uniphase is available at www.jdsunph.com. The Furukawa Electric Co., Ltd. of Japan is a world leader in fiberoptics and optoelectronics technology and products. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as ``believes,' ``expects,' ``may,' ``should,' ``would,' ``will,' ``intends,' ``plans,' ``estimates,' ``anticipates,' and similar words. Such forward-looking statements include, but are not limited to, statements regarding the expectations, intentions or strategies of JDS Uniphase or Furukawa Electric. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, factors discussed from time to time in reports filed by JDS Uniphase Corporation with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as the date hereof and neither JDS Uniphase Corporation nor The Furukawa Electric Co., Ltd. assumes any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements. -------------------------------------------------------------------------------- Contact: JDS Uniphase Corporation Kevin N. Kalkhoven, 408/434-1800 Anthony R. Muller, 408/434-1800 www.jdsunph.com or The Furukawa Electric Co. Ltd. Junnosuke Furukawa Osamu Suzuki, 81-3-3286-3050 biz.yahoo.com