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

To: Kayaker who wrote (4713)	1/18/2000 10:07:00 PM
From: Bob Biersack	Respond to of 24042

RESEARCH ALERT - Gruntal ups E-TEK target CHICAGO, Jan 18 (Reuters) - Gruntal & Co. analyst Mark Langley on Tuesday raised his intermediate price target on E-TEK Dynamics (NasdaqNM:ETEC - news) to $231 from $152, following the announcement of its merger agreement with JDS Uniphase (NasdaqNM:JDSU - news). -- Also raised his long-term price target on E-TEK to $323 from $214, the analyst wrote in a research note. -- On Monday, San Jose, Calif.-based JDS Uniphase, the world's leading fiber optic equipment maker, announced plans to take over E-TEK, also a player in the fiber optic equipment business, in an all-stock deal valued at about $15 billion. -- The analyst also said he continued to recommend purchase of E-TEK shares.