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

To: jmanvegas who wrote (3006)	12/15/1999 12:49:00 PM
From: Venkie	Read Replies (1) \| Respond to of 24042

I buy jdsu and it buys a company...i guess they bot it with my money<huh> they r taking ny gains for the moment...hope its good. JDS Uniphase buys tech company (Full text of press release from Canadian Corporate News) DECEMBER 15, 1999 JDS Uniphase Acquires Oprel Technologies NEPEAN, ONTARIO and SAN JOSE, CALIFORNIA--JDS Uniphase Corporation (NASDAQ:JDSU; TSE:JDU) announced today the acquisition of Oprel Technologies Inc., a developer of optical amplifiers, test equipment and optoelectronic packaging. The terms of the transaction were not disclosed. The acquisition of Oprel extends JDS Uniphase's current product portfolio and broadens its technological base for future product development. Oprel's product line includes Erbium Doped Fiber Amplifiers (EDFA) for fiberoptic networks and a full-line of test equipment for optoelectronic devices. Oprel has also developed packaging for devices including DFB laser diodes, high-temperature and high-power laser diodes, and semiconductor optical amplifiers. Jozef Straus, Co-Chairman, President and COO of JDS Uniphase stated, ``We are very pleased that Oprel will be joining JDS Uniphase. We believe that their products and technologies will further strengthen our growing product portfolio and enhance our ability to address customer requirements with faster time-to-market delivery.' Dr. George Chik, President of Oprel Technologies added, ``We are very excited by today's announcement. As part of the JDS Uniphase family, we believe that we will be better positioned to meet the growing market opportunities by providing customers with a broader range of resources to deliver the products they require.' Oprel Technologies was founded in 1993 in Nepean, Ontario and has 25 employees. 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 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' and ``expects' and similar words. Such forward-looking statements include, but are not limited to, statements regarding the expectation that the acquisition will extend JDS Uniphase's product portfolio and broaden its technological base, the belief that the Oprel's products and technologies will strengthen JDS Uniphase's product portfolio and enhance its ability to address customer requirements, the belief that the addition of Oprel to JDS Uniphase will better position Oprel to meet market opportunities, and the belief that relevant markets will continue to grow. 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 of the date hereof and JDS Uniphase Corporation does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements. FOR FURTHER INFORMATION PLEASE CONTACT: JDS Uniphase Corporation Kevin Kalkhoven Co-Chairman and CEO 408/434-1800 or Anthony Muller Senior Vice President and Chief Financial Officer