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

To: SJS who wrote (7980)	3/23/2000 11:58:00 AM
From: CodeMogul	Read Replies (1) \| Respond to of 24042

Actually, in going back over the news wires, it's pretty clear that Bloomberg was making their best effort to 'create' a story. If you re-read paragraph three, paying attention to what is actually said from what is paraphrased, this is clear: >>> Alcatel, E-Tek's No. 1 customer, wants the acquisition delayed until it can find another source of components, said Alcatel USA Vice President of Product Strategy Paul Harrison. That process that could take as long as a year, he said. ``On some components there are no other suppliers,' Harrison said. ``We don't want to get into a situation where there's only a single supplier.' <<< I think Paul Harrison got his quote placed out-of-context, while Bloomberg filled in the rest of the picture. Follow that paragraph up with a nice "bode ill for the deal" from a token anti-trust lawyer, and you've got a story. Or, at least something to trade on, if one were to be "in-the-know". Trust no one ;-) -CodeMogul

To: SJS who wrote (7980)	3/23/2000 3:41:00 PM
From: Rick Escher	Read Replies (2) \| Respond to of 24042

Steve, You are right of course that the little people can get shafted. However, the point I was trying to make was that a decision based on due diligence is probably better than one made based on stories like Bloomberg's. No question, DD has to be revisited as new information emerges - but that doesn't mean I toss out my previous DD. In the case of ETEK, my personal belief is that it would be foolish for Justice to block the deal. This technology is evolving so quickly that the advantage gained by JDSU in merging with ETEK will be finite - my guess is 18 months. At some point, if the market forces are strong enough, another player will emerge. Whether that player is SDLI merged with whomever, a Nortel spin-off or a Japanese company, who knows. The only thing that I think is certain is that a player will emerge and that should be enough to satisfy Justice. I also do not believe Justice will do anything to disadvantage an American company in favor of foreign companies or in favor of permitting a significant foreign competitor to emerge.