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

To: Boplicity who wrote (3448)	12/28/1999 11:16:00 PM
From: t2	Respond to of 24042

The afterhour trades on Isld were fresh---331+. However,it remains to be seen if it opens at those levels tomorrow. It will also depend on how internet and B2B stocks open tomorrow. They were also moving up significantly afterhours.

To: Boplicity who wrote (3448)	12/29/1999 6:26:00 AM
From: Glenn McDougall	Respond to of 24042

JDS Uniphase stock heats up on fibre optics boom Analysts revising targets Jill Vardy Financial Post OTTAWA - Shares in JDS Uniphase Corp. split in two today, as analysts scramble to revise their estimates of how high the stock can go. Shares in the fibre optic equipment giant climbed yesterday and the previous day in anticipation of the two-for-one split, approved by shareholders Dec. 16. Then they suddenly fell in a late-day slump that hit the entire Nasdaq exchange, as investors sold off stock to raise cash before the year-end. The slump trimmed $15 3/4 (US) off the stock's value, which closed at $319 1/2 (US). On Monday, the shares jumped $37 1/8 (US) to $335 1/4 (US). The shares will open trading at a post-split level of $159 3/4 (US) today. Mark Langley, technology analyst at Gruntal & Co., said yesterday he expects the fibre optics company to reach a pre-split value of $420 (US) within six months and maintained his "outperform" rating. Wachovia Securities Inc. also upped its price target for JDS Uniphase yesterday, suggesting the stock could hit $400 (US), pre-split in the next 12 to 18 months. Post-split, that target is $200 (US). Wachovia initiated coverage of JDS Uniphase on Dec. 10, with a "buy" recommendation and a price target of $300 (US). "The stock has risen some 40% since then, in our opinion, due to its leading position in a very attractive market, investor enthusiasm for strong growth potential in the optical market, and the company's 2-for-1 stock split." In Canada, the stock trades as exchangeable shares in JDS Uniphase Canada Ltd., which has been trading on a post-split basis since Dec. 20. The stock flirted with its 52-week high on the Toronto Stock Exchange on Dec. 24, its last trading day, before closing at $224.30. Anthony Muller, JDS Uniphase's chief financial officer, said the shares of many of his company's competitors are also up. "The [fibre optic] group as a whole has been performing very well. I think there is an increasing awareness of the potential for growth in fibre optic telecommunications," he said. "We're very pleased with the stock price performance, but our most important job is taking care of our customers." Meeting that customer demand is getting tougher for companies like JDS Uniphase, which announced it will spend $125-million (US) to add 600,000 square feet to its global manufacturing facilities next year. The largest single expansion will take place in Ottawa, where the company will build new R&D, manufacturing and office space in the third phase of its main campus facility. Plants will also be expanded in Australia, Pennsylvania, Connecticut, New Jersey, Florida and England. "I don't know when we are starting [construction] but I know we are late," Jozef Straus, the company's president, told investors at the annual shareholders' meeting Dec. 16. It's critical for JDS Uniphase to expand to keep up with appetite for its fibre optic products, used by telecommunications equipment manufacturers to build high-speed networks for data traffic.