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

To: Kent Rattey who wrote (6021)	2/5/2000 9:14:00 AM
From: Kent Rattey	Read Replies (2) \| Respond to of 24042

JDS Uniphase Completes $5.7 Bln Purchase of Optical Coating By John Stebbins JDS Uniphase Completes $5.7 Bln Purchase of Optical Coating San Jose, California, Feb. 4 (Bloomberg) -- JDS Uniphase Corp., the world's biggest maker parts for fiber-optic communications networks, said it completed its purchase of Optical Coating Laboratory Inc. for about $5.7 billion in stock. Optical Coating shareholders approved exchanging each of their shares for 1.856 shares of JDS Uniphase. Based on JDS Uniphase's closing price today, the company is paying $391.96 a share for Optical, which has about 14.5 million shares outstanding. Optical shares fell 9 5/8 to 390 3/8 today. Acquiring Optical, which gets 95 percent of its filter sales from JDS Uniphase, moves JDS toward its goal of doubling or tripling production by the end of the year. JDS Uniphase's sales to phone-equipment makers like Nortel Networks Corp. and Lucent Technologies Inc. are surging as they race to buy lasers and filters to meet demand for fiber-optic gear. JDS Uniphase said in November that it expected the acquisition of Santa Rosa, California-based Optical to add to earnings per share immediately. Shares of San Jose, California-based JDS Uniphase fell 4 5/8 to 211 3/16. The stock has risen more than 10-fold from a year ago.