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

To: Becky B who wrote (5899)	2/2/2000 3:32:00 AM
From: b_spiral	Read Replies (1) \| Respond to of 24042

One old Furukawa news article Friday, January 7, 2000 Furukawa Elec To Cover Retirement Pay By Equity Sales TOKYO (Nikkei)--Furukawa Electric Co. (5801) plans to cover the shortage in parent company retirement pay obligations totaling 50 billion yen by the end of March 2002, company officials said. The leading electric wire and cable maker aims to raise funds mainly by selling equity stakes in group companies, especially JDS Uniphase Corp. (JDSU), a U.S. affiliate included in the firm's consolidated balance sheet under the equity method. Unrealized profit on JDSU shares is estimated at 1.2 trillion yen. By the end of the business year through March 31, Furukawa aims to cover 18 billion yen out of the shortage using funds raised from a December sale of JDSU shares. Assuming a discount rate of 3%, retirement pay obligations would swell to 80 billion yen by March 2000. Furukawa has already covered 30 billion yen of the liabilities. (The Nihon Keizai Shimbun Friday morning edition) -------------------------------------------------------------------------------- Corporate Profiles: FURUKAWA ELECTRIC(5801)

To: Becky B who wrote (5899)	2/2/2000 8:58:00 AM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 24042

"This just doesn't seem to track..." I wondered about that too, but certainly do not have your background with Furukawa . Thanks so much for posting that information. Jeff Smith

To: Becky B who wrote (5899)	2/2/2000 9:46:00 AM
From: Kent Rattey	Read Replies (1) \| Respond to of 24042

Hi Becky B, You will find the article under this one listed under JDS Uniphase in the "High Tech" section; ottawacitizen.com Wednesday 2 February 2000 Investors barred from attending JDS conference presentation Anthony Effinger Bloomberg News SAN FRANCISCO -- JDS Uniphase Corp., the No. 1 maker of parts for fibre-optic communications networks, closed its presentation at the Banc of America Securities technology conference yesterday to all but the securities firm's clients. Banc of America said the session was closed because JDS Uniphase is in the process of buying E-Tek Dynamics Inc. for about $15.5 billion U.S. in stock. Investors not invited to the San Francisco conference had no way of getting information from a presentation by JDS Uniphase chief financial officer Anthony Muller. U.S. Securities and Exchange Commission chairman Arthur Levitt has criticized the practice of providing information only to institutional investors and analysts. Mr. Levitt has said that the practice, known as selective disclosure, puts small investors at a disadvantage to institutions, such as pension and mutual funds. Banc of America spokeswoman Jennifer Smith said her firm closed presentations by companies that are in the midst of making acquisitions or undertaking other activities that they think hamper their ability to disclose more about their operations. "Out of courtesy to them, because they are in a quiet period, we limit attendance at their sessions to our client base," Ms. Smith said. "It's a joint agreement between the companies presenting and our compliance department."