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

To: Harry Stein who wrote (7425)3/9/2000 9:56:00 PM
From: Scripts  Read Replies (1) | Respond to of 24042
 
Hi Harry. The JDU stock "split" before March 8 I believe. I think you bought post split JDU stock. On a presplit (US) basis the current JDU shares are about C$395.



To: Harry Stein who wrote (7425)3/9/2000 10:05:00 PM
From: Cyrus Mashhoodi  Respond to of 24042
 
Gilder report due out mid-morning tomorrow (et). For those interested.



To: Harry Stein who wrote (7425)3/9/2000 10:16:00 PM
From: CodeMogul  Read Replies (1) | Respond to of 24042
 
Harry,

Fret not, your shares will split after market on the 10Mar, as it states in the press release:
"Concurrently, the Board of Directors has established March 2, 2000, as the record date for the previously announced two-for-one split of its common shares, and the concurrent two-for-one split of the Exchangeable Shares of JDS Uniphase Canada, Ltd. The payment date for the stock dividend and the stock split will be March 10, 2000."

JDS Canada are your JDU shares.

I know the wording is screwey. This happens every time an issue I watch splits, because new investors just don't understand the "record date" concept as it pertains to dividends. A split is a non-cash dividend, so really record date means nothing. On the next market day after the payable date of the stock split (as they usually happen after market close,) you will find the shares in your account.

As for !!intelligent!! markets, I won't even go there. ;->

-CodeMogul



To: Harry Stein who wrote (7425)3/9/2000 11:26:00 PM
From: Guy Gordon  Respond to of 24042
 
You don't have to worry about the split. If you paid the pre-split price, you get the new shares. If you paid the post-split price, you don't. There is no way to screw it up either to your benefit or detriment.



To: Harry Stein who wrote (7425)3/10/2000 5:34:00 AM
From: nihil  Respond to of 24042
 
you get "stock plus due bill for 2 to 1 split" -- everything's copacetic.


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