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


To: David C. Burns who wrote (6785)2/25/2000 5:52:00 PM
From: t2  Read Replies (1) | Respond to of 24042
 
The Exchangeable Shares will commence trading on a post-split basis on The Toronto Stock Exchange on February 29, 2000. The Common Stock will continue to trade on Nasdaq on a pre-split basis, under the symbol "JDSU," until March 11, 2000, when the Common Stock will commence trading on a post-split basis. Additionally, during the period beginning March 3, 2000, through March 10, 2000, the Common Stock will also trade on Nasdaq on a post-split basis, under the symbol "JDSUV."

Can someone explain this in English? OR should I take it as written? The way I read it, we will have JDSU and JDSUV trading on the Nasdaq for a week. Why????
I have not heard of other companies doing this and that is why it seems unusual to me.



To: David C. Burns who wrote (6785)2/26/2000 9:26:00 AM
From: Zhaohui Li  Read Replies (2) | Respond to of 24042
 
>> JDS Uniphase Corporation (Nasdaq:JDSU and TSE:JDU) today announced that its stockholders approved an increase in the Company's authorized Common Stock from 600 million to 3 billion shares at its special meeting today.

Does anybody know how JDSU plans to increase? After this coming split 600 M to 1.2 B, they are still 1.8 M short. New split or secondary offer?



To: David C. Burns who wrote (6785)2/26/2000 8:42:00 PM
From: pat mudge  Read Replies (2) | Respond to of 24042
 
The Exchangeable Shares will commence trading on a post-split basis on The Toronto Stock Exchange on February 29, 2000. The Common Stock will continue to trade on Nasdaq on a pre-split basis, under the symbol "JDSU," until March 11, 2000, when the Common Stock will commence trading on a post-split basis. Additionally, during the period beginning March 3, 2000, through March 10, 2000, the Common Stock will also trade on Nasdaq on a post-split basis, under the symbol "JDSUV."

I know there has to be a reason for choosing two different trading dates for the split, one for TSE and one for NASDAQ, but I'd like an explanation just the same. Anyone know?

TIA --

Pat