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


To: blaireo1 who wrote (6090)2/7/2000 11:40:00 PM
From: Guy Gordon  Read Replies (1) | Respond to of 24042
 
If I am reading this right, it may account for some of the downward pressure on JDSU Monday.

FEJ had concluded a forward contract on Monday to sell 4.45 million shares in JDS Uniphase in August this year, it said.

I think this means that Furukawa's holding company signed a contract to sell 4.45M shares of JDSU in August, 2000. Whoever bought that futures contract may be hedging by shorting JDSU today.