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

To: Brian P. who wrote (7926)	3/21/2000 7:56:00 PM
From: k_maxwell	Read Replies (2) \| Respond to of 24042

Exactly, Brian. You hit the nail on the head. The article said that the DOJ is "looking into" whether the merger will have an anticompetitive effect. It's like, no sht, Sherlock! That's what they do with all the filings they receive! They fcking read them, and "look into" whether there's a potential anticompetitive effect! Did the author think that normally they just make paper airplanes out of them? Geez, Bloomberg really looks like crap after that article. Must not be much journalistic talent out there to choose from...

To: Brian P. who wrote (7926)	3/22/2000 12:19:00 AM
From: John Waddell, Ph.D	Read Replies (2) \| Respond to of 24042

Some thoughts on the JDSU/ETEK merger. I'm long ETEK, so this may be simply an attempt to assuage my fears, but I think there are some positive pieces of information in the Bloomberg article. For one, the representative from LU said they were not taking a position one way or another on the merger. Had he said that LU opposed it, that would have been news. More important, JDSU said the original 30 days are not up yet. I was certain they were, considering the deal was announced on Jan 18. I also thought the market had become concerned about the deal because the 30 days were up and there was no news. We on this board were certainly discussing trying to get some info. from JDSU IR about this. (We should have told them we were calling from Boomberg.) Since the original government review is not up, this means the earliest JDSU could have presented their materials to the Gov. would have been late February. I can think of only two reasons for such a long delay: Either the JDSU lawyers are incompetent, or they wanted to take the time to get all their ducks in a row before presenting to the Gov. Given JDSU's general competence and the fact that they have already made 6 acquisitions, I think it was the latter. If this is so, and we and the JDSU management all know that this deal will receive a lot of scrutiny, then they probably went all out to make a good presentation. This was also evident in the JDSU comments in the article. All of this points to an increased, rather than decreased, probability that the Gov. will approve the deal on the first go-around. So, the current false scare may be a perfect buying opportunity. I certainly hope so.