Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (15354)	12/5/1999 12:16:00 PM
From: blaireo1	Read Replies (1) \| Respond to of 18016

Ian, If you look at JDSU, albeit it was a merger of equals, they created CDN exchangeabble shares listed on the TSE as JDU. This was to avoid problems with those shareholders holding JDS Fitel shares in their RRSP who would have seen their shares become US shares thus potentially causing problems with the 20% foreign content restriction. The interesting thing about the JDSU merger was that those investors holding the original Uniphase shares had to take a tax hit right away... it was deemed to be a taxable event...while the holders of CDN JDS did not. It only becomes a taxable event when they sell their JDU shares or exchange them into JDSU. Provides us Canadians with a little more flexibility in terms of tax planning. I wonder if Cisco would create some CSCO exchangeable shares for us? They could keep the same TSE symbol -- NNC -- that would work nicely! Heck, if they had a problem with it I would let them use CNN. ;-) Cheers! Blaireo