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

To: fishweed who wrote (6204)	2/10/2000 10:23:00 PM
From: Apple12	Read Replies (3) \| Respond to of 24042

Did anyone see this news today? Is this going to be a reason for more selling? JDS Uniphase Sees 3Q Chg $84.1M For Optical Coating Buy Thursday, February 10, 2000 04:40 PM Mail this article to a friend WASHINGTON (Dow Jones)--JDS Uniphase Corp. (JDSU, news, msgs) will take an $84.1 million charge in the fiscal third quarter ending March 31 for in-process research and development in connection with its acquisition of Optical Coating Laboratory Inc., completed Friday. The information was disclosed in the company's quarterly report filed Thursday with the Securities and Exchange Commission. Under the terms of the deal, each outstanding Optical Coating share was exchanged for 1.856 shares of JDS Uniphase common stock. Outstanding options to acquire Optical Coating common stock were converted into options to purchase the JDS Uniphase common stock at the same exchange ratio. The transaction is valued at $2.8 billion, according to the filing. Based in San Jose, Calif., JDS Uniphase makes laser subsystems and equipment for fiber-optic telecom, signal processing and laser-based semiconductor wafer inspection and analysis