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


To: Master (Hijacked) who wrote (5853)2/1/2000 12:53:00 PM
From: Ray Cayen  Read Replies (3) | Respond to of 24042
 
not sure if this has been posted yet (too many posting to follow all of them), my apologies if it has:

Largest JDS shareholder unloads

JDS Uniphase's single largest shareholder plans to sell up to seven million shares, or 10 per cent
of its holdings.

Furukawa Electric Co. Ltd.'s reason for unloading the stock is it has been causing its own stock to
yo-yo on the Japanese exchanges. The company deals most in 'old world' products such as
copper and aluminum, commodities that are still depressed in the still saggy Asian marketplace.

Furukawa bought into JDS Uniphase in the early 90s when JDS was a struggling startup. It
grabbed a 70 per cent stake, and added the 'Fitel' portion to JDS's name. It reduced its holdings
when JDS went public, and continued selling until it owned just about 20 per cent.

JDS had no comment on the stock sale.



To: Master (Hijacked) who wrote (5853)2/1/2000 1:03:00 PM
From: t2  Respond to of 24042
 
It could be the FEJ selling part of its JDSU stake--yesterday's news.
In addition, JDSU appears to be a trading stock--no anxious buyers or sellers.
Once we get to mid February leading upto to the approval of increased authorized shares to facilitate the stock split, we should start moving up on several days of big gains. Right now, there does not appear to be any urgency to ride this stock given the news vacuum at the current time.

The S and P committee does not give advance notice to any fund managers of an upcoming addition to the 500 index. It is always a surprise.
I have been trying to just determine the likely candidates---on thestreet.com, they listed Cox Communications, Level 3, QWST, JDSU and 1 or 2 others.
-I also see a strong case made for Veritas.



To: Master (Hijacked) who wrote (5853)2/1/2000 1:05:00 PM
From: t2  Respond to of 24042
 
OT BCE and NT. I am not that concerned about my NT holding but i did add a lot of BCE. If BCE goes up, NT should follow. IMHO, i believe it is undervalued (on a relative basis) and this stock dividend biz is only temporary. Investors/funds will see beyond it and seize the opportunity to buy NT or BCE.

After all, there is no fundamental change in the the biz of NT or BCE.
BCE can be bought by the value funds while NT can be for the growth funds.
iMHO, good combination.



To: Master (Hijacked) who wrote (5853)2/1/2000 1:48:00 PM
From: Guy Gordon  Read Replies (3) | Respond to of 24042
 
I hate these "conspiracy theory" posts.

"I am now wondering if some imminent news isn't keeping JDSU down. Could the S&P announcement be close? Are they giving fund managers time to get in?"

Is any evidence ever given? Is there ever any follow-up? No. It's always "My stock is down today. Must be them manipulating the market."

Does anybody ever blame a conspiracy when their stock goes up? Surely, if there is a conspiracy, the aim must be for the stock to rise after "they" have bought it. Why do we never see anyone post "Yes! I got in when they manipulated the price down and now I'm riding it up with the big boys."?

I'll tell you why. It's all BS.



To: Master (Hijacked) who wrote (5853)2/2/2000 12:50:00 AM
From: Jack T. Pearson  Read Replies (1) | Respond to of 24042
 
Relax, JDSU is behaving just like it has for the past 3 1/2 months. It is still in an upward trading channel. Of course, there have been a couple of downgrades in the last two days. There is a split coming in four weeks. The last time there was a split, JDSU bottomed about three weeks before the split. Sideways or even small downward movement (5% lower closing price) in the next week wouldn't surprise me, but it also wouldn't panic me.