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

To: t2 who wrote (4706)	1/18/2000 7:42:00 PM
From: SJS	Respond to of 24042

I didn't see this posted, but wanted to make sure that folks here saw it anyway. It was from Briefing.com this morning: ___________ JDS Uniphase (JDSU) 194 7/16 +2 1/4: Just a few months ago, we were writing that JDS Uniphase was acquiring Optical Coating Laboratory (OCLI 355 +1 1/2) for approximately $2.8 bln. That deal is still in the process of being worked out, but the legal department at JDSU is going to get even busier following last night's announcement that JDSU is acquiring E-Tek Dynamics (ETEK 184 +48 1/8) in a stock deal valued at roughly $15 billion based on Friday's closing prices. Of course, the legal department must be getting used to this by now given that JDSU has employed a successful growth-through-acquisition strategy. In any event, the current agreement, which calls for the exchange of 1.1 shares of JDSU common stock for each common share of ETEK, has created quite a buzz on Wall Street this morning, and needless to say, a nice pop in shares of ETEK which are up 35% at the moment. The impending union will bring together two, successful competitors in the red-hot space of fiberoptic component suppliers, and create a force to be reckoned with in the industry. Subsequently, there has already been talk of possible antitrust concerns affecting this deal. Those concerns are perhaps best reflected in the relatively sizeable gap (16%) between the current value of JDSU's offer price for E-Tek and where ETEK shares are now trading. That said, should the deal win the approval of shareholders and regulatory authorities, E-Tek would operate as a wholly-owned subsidiary of JDS Uniphase. Together it is expected the companies will be able to bring greater volume and a broader range of products to customers faster which would be an important selling point given the overwhelming demand for bandwidth among service providers. That strong demand was recently affirmed by the Lucent earnings warning, and was acknowledged this morning on CNBC by the CEOs of these two companies as they remarked that neither company, on its own, could meet current demand. The competitive threat of this union notwithstanding, other fiberoptic components suppliers, such as SDLI, Inc. (SDLI 226 1/2 +18 1/2) and MRV Communications (MRVC 59 5/16 +5 11/16) are benefitting from the announcement given valuation comparisons and merger speculation; but the announcement, if nothing else, has also succeeded in highlighting again the strong demand for the products these companies offer. As such, whether this deal happens or not, the stocks of the fiberoptic component suppliers are expected to remain a hotbed for investors this year.-- PJO

To: t2 who wrote (4706)	1/18/2000 8:07:00 PM
From: blaireo1	Read Replies (2) \| Respond to of 24042

I was in Ottawa this past weekend to visit the folks and on my way out of town, travelling along old Hwy 16, I noticed some construction cranes over the tree-lines. As I drove closer I could make out a building... a magnificent structure. A structure blessed with the famous JDS Uniphase logo. I decided to drive in and have a look. As I drove into the site I was overwhelmed by the long line of cars leading up to the main entrance. It was Sunday, so I was extremely surprised. The line-up was something you would encounter on any given morning at a Tim Horton's Drive-thru. I parked to one side and was astonished at what I observed. Drivers were getting out their cars... walking a few steps to the sidewalk leading to the entrance.... and then dropping to their knees... heads briefly gazing up at the JDS Uniphase Logo on the door and then, with great emotion on their faces, they slowly leaned forward and gently kissed the ground. In some cases I saw entire families performing this ritual-like task. All this was going on with the temperature at a frigid 20 below celsius. As cars departed more cars arrived. All the cars I saw were late model, in fact, just about all of them could have just been purchased from a lot. Most had personalized licence plates. I remember a few of them. One Ferari had "LUV JDU". A Mercedes had "BUY ETK". A fully loaded Lexus had the name -- I assume it was a name -- "STOVIN" while other flashy cars had plates with names like "G MCDGL", "MUDGEY" and a peculiar one, which I couldn't figure out, simply had "T2". All in all, it was quite a sight. On the drive back home, I couldn't help but wonder if this happened every Sunday. My, how Ottawa has changed from when I grew up there. Blaireo