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

To: t2 who wrote (8420)	4/4/2000 6:00:00 PM
From: lawdog	Read Replies (1) \| Respond to of 24042

A positive for tomorrow...Island was down. When is that POS ever correctly predictive?

To: t2 who wrote (8420)	4/4/2000 6:01:00 PM
From: SJS	Read Replies (1) \| Respond to of 24042

JDS Uniphase (JDSU-$111.63-Cap $71B-Buy) Announces Acquisition of Cronos FY00E: $0.37, FY01E: $0.56 ú JDSU announced the stock-based acquisition of Cronos Integrated Microsystems valued at $750M; Deal to be accounted for as a purchase transaction, is expected to close in April 2000, and does not require regulatory approval; Excluding charges, acquisition effectively neutral to JDSU EPS. ú Cronos is a manufacturer of MEMs optical switches with a current rev run-rate of $10M; MEMs is a key component for photonic switches which can be used in a multitude of applications incl cross-connect, ADM, dispersion compensation and gain equalization; Cronos is shipping to 20 customers (incl major system OEMs) and the majority of revenue is generated from foundry services for its customers? MEMs designs. ú View acquisition as a modest positive for JDSU as it enhances the company?s offering of switching solutions beyond its current opto-mechanical and polymer-based offerings (used for low port applications); Do not expect transaction to impact the regulatory review process of the ETEK merger; Reiterate BUY.