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

To: Northern Cougar who wrote (3084)	12/16/1999 4:12:00 PM
From: Bill Holtzman	Read Replies (1) \| Respond to of 24042

NC thanks a bunch. It's always better to get the info from someone who was there rather than through the media cheese grater. So, $1000/share by 2003? I think we'll see 500 (or 250 again, post split) in 2001.

To: Northern Cougar who wrote (3084)	12/16/1999 4:16:00 PM
From: Lee	Read Replies (1) \| Respond to of 24042

Hello NC,..Re:.JDSU AGM I was at the meeting Thanks very much for the happy news report. Sounds great! Cheers, Lee Edit - More on the meeting 16 Dec 14:14 OTTAWA (Dow Jones)--JDS Uniphase Corp. (JDSU) shareholders approved a two-for-one stock split at the first annual meeting of the combined JDS Fitel Inc. and Uniphase Corp. The split, which will bring the company's outstanding shares to 600 million, is effective Dec. 22 on Nasdaq and Dec. 20 on the Toronto Stock Exchange. The company, which has dual headquarters in San Jose, Calif., and Ottawa. Kevin Kalkhoven, co-chairman and chief executive of JDS Uniphase, told the annual meeting that the fiber-optics components and modules manufacturer is growing so fast that its chief challenge in the coming year is keeping up with customer demand. "Capacity, capacity, capacity," he said of the company's challenge. "If we don't supply our customers, they will have to do it themselves." Earlier in the day, the company announced a $125 million plant capacity expansion at several locations in Canada, the U.S., Australia, and England. The largest will occur in Ottawa, where a 360,000 sq. ft. R&D and manufacturing facility will be built. Fast growth has propelled JDS Uniphase to top $1 billion in annualized sales earlier this year, said Kalkhoven, and he predicts the company will become the first to total $2 billion in sales. He did not set a date for reaching the sales growth goal. The company has made six acquisitions since the merger on July 6, and Kalkhoven didn't rule out further acquisitions in the coming year. It's stock value has increased 163% since the merger. In Nasdaq trading Thursday, the company's stock is up 18 at 246 3/4, on volume of about 3.2 million shares. -Julian Beltrame, Dow Jones Newswires; 613-237-0668 (END) DOW JONES NEWS 12-16-99 02:14 PM