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


To: SJS who wrote (8974)4/16/2000 11:08:00 AM
From: t2  Read Replies (1) | Respond to of 24042
 
Someone mentioned that, split adjusted, JDSU was at 96 when they announced the ETEK purchase.
We're now at 79.
If we go lower, and STAY lower, at what possible price would they be compelled to look hard at the deal and possibly call it off?


Steve, I think there is no chance of this merger getting called off if it receives regulatory approval. Remember that ETEK stock will take off in a big way once the DOJ approves it. 2.2 shares of JDSU per ETEK share. That puts ETEK at around 175. Of course if JDSU starts moving back up soon, the gains in ETEK shares will be pretty good.

I believe ETEK is even more interested in making sure the deal goes through since the market is getting rough. It adds more security as the larger caps are likely to bounce back much faster than the smaller caps. I think JDSU is now one of the large caps on the Naz. If I was buying the market now, i would stick to the larger companies for the time being.

That is why the deal will be approved right away by ETEK once it gets to that stage.

IMHO, it is a done deal if the DOJ says OK. At this point, i think the DOJ is not going to try to rock the markets (again) and the odds of approval have probably gotten higher.



To: SJS who wrote (8974)4/16/2000 11:49:00 AM
From: Boplicity  Read Replies (1) | Respond to of 24042
 
Sorry to butt in, but ETEK shares have been going down too. I'm sure the ETEK's broad realizes the sum is greater then parts and that the price is relative.

G



To: SJS who wrote (8974)4/16/2000 10:52:00 PM
From: jack bittner  Read Replies (1) | Respond to of 24042
 
Steve, i could not imagine jdsu calling off the etek merger. they both will manipulate the numbers to do it. that is a prime example of seeking mental synergy plus increasing market dominance.