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


To: Ray Cayen who wrote (5854)2/1/2000 1:01:00 PM
From: SJS  Read Replies (3) | Respond to of 24042
 
JDSU and ETEK shut out press from their presentation:

at the Banc of America Securities Technology Week 2000 conference........

Quiet, please

Of note, five companies weren't permitting the press to attend their presentations to analysts and investors. They include International Rectifier Corp. (IRF: news, msgs), Sanmina (SANM: news, msgs) and SilkNet Software (SILK: news, msgs), JDS Uniphase (JDSU: news, msgs) and E-Tek Dynamics (ETEK: news, msgs) and InterWave Communications have closed their doors.



To: Ray Cayen who wrote (5854)2/1/2000 1:11:00 PM
From: t2  Respond to of 24042
 
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.


This is the type of sale that does not bother me. Fukuwara does this regularly is my understanding. All it means (to me) is that there may be some more aggressive buying by mutual funds to take advantage of any weakness caused by this sale of stock. Once this sale is complete, there may not be much weighing down this stock going into the stock split. We could have a huge rally by then. That is why i am also looking to add more shares today/tomorrow.



To: Ray Cayen who wrote (5854)2/2/2000 2:55:00 AM
From: Becky B  Read Replies (4) | Respond to of 24042
 
Re your post: Furukawa to unload 7 million JDSU shares...
"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."

Will you please provide the source site for this bizarre news?

As a holder of both JDSU and Furukawa shares, I try to follow this company closely and am surprised to have missed something this big.

Following its Dec. Rule l44 sale, Furukawa on Jan. 9 announced plans to gradually liquidate, by the end of March 2002, shares sufficient to cover a Y50billion shortfall in its retirement fund obligations. During this same time frame, Furukawa also announced: (1) licensing of its lead-frame alloy technology (used for logic integrated circuits) to Hitachi; (2) introduction (this month) of high-security Infonet-VP100 VPN equipment for e-commerce authentication; (3) alliances in developing keyboard-less (remote control/voice recognition) internet devices; (4) development of standards for mega-speed dedicated-use internet backbone routers; as well as (5) its continuing fibre-optics collaborations with JDSU and LU. (Not exactly 'old world' stuff...)

IMO these announcements were in themselves sufficient to have stimulated increased volume, volatility and the 30% increase in Furukawa's share price since Dec. 1st.

I'd appreciate your posting the link that states Furukawa would actually dump its increasingly valuable JDSU shares just 'to curb "yo yo" swings' in its own much more modest share price.

This just doesn't seem to track...

TIA -- Becky B.