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


To: SJS who wrote (8293)4/3/2000 5:52:00 PM
From: mact  Respond to of 24042
 
OTTAWA, April 2 (Reuters) - United States anti-trust officials have asked JDS Uniphase Corp. <JDSU.O> <JDU.TO> and E-Tek Dynamics Inc. <ETEK.O> for more information on their proposed stock swap, which is valued at about $18 billion.

Ottawa-based JDS, the world's largest supplier of components for fiber optic networks, and E-Tek said they had received a request on Friday for additional information and other documents on their proposed merger from the Antitrust Division of the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act.

"JDS Uniphase and E-Tek intend to respond promptly and fully to the government requests, which are not unusual in a merger of this size that involves new, rapidly changing and important technologies," the companies said in a joint statement.

JDS and E-Tek said they still expect to complete the merger in the second quarter of this year as indicated on January 17 when they unveiled the plan. JDS will exchange 2.2 shares for each E-Tek share. The ratio was adjusted to reflect a two-for-one stock split on March 10.

The merger is subject to the approval of E-Tek shareholders, regulatory approvals and other customary closing conditions. Based in San Jose, Calif., E-Tek designs and manufactures components and modules for fiberoptic systems.

JDS Uniphase stock closed C$3 stronger at C$173 in Toronto on Friday and on Nasdaq was up 4-5/16 at 120-9/16. E-Tek closed up 27-1/4 at 235-1/4 on Nasdaq.



To: SJS who wrote (8293)4/3/2000 5:58:00 PM
From: Kayaker  Read Replies (1) | Respond to of 24042
 
an unexpected conference call tomorrow morning regarding an "important company announcement"...

Cool! Maybe Phase IV will be announced? Something good would be appreciated since I took a chance and bought a pile of April 115 calls today.



To: SJS who wrote (8293)4/3/2000 6:12:00 PM
From: Kayaker  Respond to of 24042
 
JDS to hold call Tuesday on "important" announcement
Reuters Company News - April 03, 2000 17:00
(In U.S. dollars unless indicated)

OTTAWA, April 3 (Reuters) - JDS Uniphase Corp. , the world's biggest supplier of parts for fiber-optic equipment in phone networks, is holding a conference call at 8 a.m. EDT (1200 GMT) on Tuesday morning to discuss an "important company announcement"...Analysts suggested the timing and wording of the announcement made it was unlikely that JDS had negative news on its proposed merger with E-Tek Dynamics Inc.

marketwatch.newsalert.com