SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (17743)5/8/2000 7:45:00 AM
From: Dealer  Read Replies (1) | Respond to of 35685
 
JDSU--JDS Uniphase Acquires Casix

PR NEWSWIRE - May 08, 2000 06:59

NEPEAN, Ontario and SAN JOSE, Calif., May 8,
2000 /PRNewswire via COMTEX/ -- JDS Uniphase Corporation (Nasdaq: JDSU) (Toronto: JDU) today announced that it has acquired Fujian Casix Laser Inc, a leading supplier of crystals, fiberoptic components and optics for telecommunications networks. Casix is based in Fuzhou, Fujian, China.

Casix's key technologies consist principally of fiberoptic component processing and precision assembly; optical design, fabrication and coating; and advanced crystal growth and processing. Casix is ISO 9001 certified.

Casix will operate as a wholly owned subsidiary of JDS Uniphase. It was acquired in a transaction accounted for as a purchase. Terms were not disclosed.

"The acquisition of Casix represents an important move in our global manufacturing strategy," commented Jozef Straus, JDS Uniphase Co-Chairman, President and Chief Operating Officer. "The Casix management team has demonstrated strong leadership skills which we expect will serve us well for our first venture in China. In addition, we believe the advanced materials science expertise at Casix is a key to new generations of components for optical networks."

JDS Uniphase is a high technology company that designs, develops, manufactures and distributes a comprehensive range of products for the growing fiberoptic communications market. These products are deployed by system manufacturers worldwide to develop advanced optical networks for the telecommunications and cable television industries. JDS Uniphase Corporation is traded on the Nasdaq National Market under the symbol JDSU and the exchangeable shares of JDS Uniphase Canada Ltd. are traded on The Toronto Stock Exchange under the symbol JDU. More information on JDS Uniphase is available at jdsunph.com .

Casix is a leading supplier of crystals, fiberoptic components, optics and lasers for the fiberoptic telecommunications network industry and employs approximately 750 people, primarily at its principal offices in Fuzhou, Fujian, China. Crystals produced or processed by Casix include YVO4 and Lithium Niobate, both of which are used in the production of various advanced fiberoptic components. Fiberoptic components produced by Casix include basic assemblies such as fiber tips ("pigtails") and jumpers, and components such as collimators, isolators and polarization beam splitters. Casix also performs significant production and processing of basic optical elements such as etalons, waveplates, prisms, isolator cores, windows and filters, and the application of anti-reflective coatings to various optical elements.

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "intends," "expects" and similar words. Such forward-looking statements include, but are not limited to, the statements regarding the potential benefits of the Casix acquisition to JDS Uniphase, the expectation that Casix's management team will serve JDS Uniphase well in its first venture in China, and JDS Uniphase's intended use of Casix's research and development talents. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, factors discussed from time to time in reports filed by JDS Uniphase Corporation with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and JDS Uniphase Corporation assumes no future obligation to update the reasons why actual results could differ materially from those projected.

SOURCE JDS Uniphase Corporation

(C) 2000 PR Newswire. All rights reserved.

prnewswire.com -0-

CONTACT: Kevin Kalkhoven, Co-Chairman and CEO, or Anthony Muller, Sr., Vice President and CFO, both of JDS Uniphase Corporation, 408-434-1800





To: Dealer who wrote (17743)5/8/2000 10:55:00 AM
From: Dealer  Respond to of 35685
 
MARKET SNAPSHOT

Dow recovers
Nasdaq takes a hit

By Julie Rannazzisi, CBS MarketWatch
Last Update: 10:46 AM ET May 8, 2000 Market Pulse
Bond Report

NEW YORK (CBS.MW) -- A slumping technology sector took the Nasdaq into the minus column Monday with most of the weakness stemming from big-cap tech stocks.

Weakness in the networking arena due to a fall in shares of Cisco Systems weighed on the Nasdaq. Also lower were shares of Internet and computer software companies.

In the broader market, biotech and paper stocks slipped while oil service shares rose. The retail sector continued to suffer while drug stocks got a boost from a brokerage upgrade of Pfizer.




The Dow Industrials added 11 points, or 0.1 percent, to 10,590 at 10:45 a.m., erasing earlier losses. Upside leaders were shares of Walt Disney, Coca-Cola and J.P. Morgan while Hewlett-Packard, SBC Communications, Wal-Mart and Home Depot led on the downside.

The Nasdaq Composite dropped 95 points, or 2.5 percent, to 3,721. The Nasdaq 100 index tumbled 112 points, or 3.1 percent, to 3,575.

The Standard & Poor's 500 Index fell 0.8 percent while the Russell 2000 Index of small-capitalization stocks lost 1.2 percent.

Volume came in at 147 million on the NYSE and at 250 million on the Nasdaq Stock Market. Market breadth was negative, with losers outnumbering winners by 9 to 5 on the NYSE and by 17 to 10 on the Nasdaq.

In specific issues, Cisco Systems (CSCO: news, msgs) lost 4, or 5.9 percent, to 63 3/4 on the heels of a negative cover story in Barron's citing the company's sky-high valuation. See full story.

Shares of Pfizer rose 1 1/16 to 45 11/16. The company was upgraded to a "buy" from "neutral" by Lehman Brothers based on high expectations of its combination with Warner-Lambert. See Rating Revisions.

Shares of Verio (VRIO: news, msgs) surged 22 5/16, or 62 percent, to 58 1/4. Japan's NTT Communications Corp. will purchase the 90-percent stake of Verio that it does not already own for about $5.5 billion in cash. See full story.

Shares of Ancor Communications (ANCR: news, msgs) tacked on 14 to 45 3/16 following news that it's being purchased by QLogic (QLGC: news, msgs) in a $1.7 billion deal. See full story. QLogic will pay about $52.72 per share for Ancor, a premium of 69 percent over the company's closing price on Friday. Shares of QLogic fell 9 7/16 to 90 1/2.

Shares of Microsoft lost 1/4 to 70 7/8 following news that the software giant is ready to give a counterproposal to the government's call for a company breakup which would include opening access to parts of the Windows code, according to the Washington Post. See full story.

In earnings news, Medarex (MEDX: news, msgs) said it lost 13 cents in the first quarter, less than the expected loss of 15 cents a share, per First Call. The company lost 3 cents a share in the same period last year. See full story. The stock fell 3 63/64 to 58 3/4.

May Dept. Stores (MAY: news, msgs) posted a first-quarter profit of 35 cents a share, matching the First Call estimate. The company earned 34 cents a share during the same period last year. The stock inched up 1/8 to 28 1/2.

In the bond market, prices eked out minor gains following last week's dreadful performance that saw yields back up substantially. Yields on the 10-year rose 29 basis points last week while the 30-year climbed by 23 basis points.

The 10-year Treasury note inched up 2/32 to yield 6.50 percent and the 30-year bond added 1/32 to yield 6.185 percent. See Bond Report.

Regional market
coverage
North America
Europe
Asia
ADR Report
Currency rates
Intl' Indexes


There are no economic releases on tap Monday with the week's most market-moving numbers -- April retail sales and the producer price index -- to be unleashed on Thursday and Friday. View economic calendar and forecasts and historical economic data.

In currency markets, the euro continued its descent against the dollar, shedding 0.1 percent to 0.8956. The market is on alert for intervention to sustain the fledgling currency on the part of the European Central Bank. The dollar was near flat levels against the yen at 108.77.

In the commodity arena, June crude added 4 cents to $27.33 while the Bridge CRB index edged down 0.05 to 216.03. View latest commodity prices.

Julie Rannazzisi is markets editor for CBS MarketWatch.





To: Dealer who wrote (17743)5/8/2000 2:48:00 PM
From: im a survivor  Respond to of 35685
 
IARC NEWS

Information Architects to Provide Kodak With XML Solutions for Photography Services On Interactive Television

CHARLOTTE, N.C.--(BUSINESS WIRE)--May 8, 2000--

iA's Metaphoria(R) Framework Brings Rich Picture-Based

Content and Functionality to Interactive TV Set-tops

Information Architects (iA; NASDAQ: IARC), providers of XML-based dynamic content aggregation and syndication solutions, today announced an agreement with Eastman Kodak Company (NYSE: EK) to supply technology infrastructure, architectural solutions and development services to support Kodak's interactive television service, announced earlier today in collaboration with Scientific-Atlanta.

The new service is being developed collaboratively by Kodak and Scientific-Atlanta, with trials expected to begin in the fall. Kodak will offer consumers an easy way to view, edit, organize, share, order prints of and publish digital pictures from their TVs via broadband, interactive television technology.

The power and flexibility of iA's Metaphoria Framework will add value to the Kodak service through the aggregation and syndication of picture-related content, as well as providing innovative new ways of sharing and managing pictures online. Metaphoria leverages leading-edge JAVA and XML technologies to offer solutions that enable content or information sources to seamlessly distribute and aggregate both information and functionality across multiple sites and devices.

"We are pleased to be working with Kodak in the development of their interactive TV service," said Robert Gruder, CEO of iA. "iA's Metaphoria Framework provides scalable, two-way dynamic exchange of functionality and data in any format -- including pictures and multimedia. Our growing client base has demonstrated how Metaphoria provides an ideal foundation for expanding Web-based business models and enhancing online customer and affiliate relationships.

"Picture-related content, applications and functionality are quickly becoming the most popular areas in online technology," Gruder added. "Metaphoria's ability to easily repurpose content for dynamic aggregation and syndication to any connected device, including interactive television set-tops, lays the foundation for a variety of eBusiness and Internet applications."

"Bringing digital photography into the living room through the TV opens a world of possibilities for consumers," said Brian Marks, director of business development, Consumer Digital Services, Eastman Kodak Company. "We are pleased to be working with Information Architects on developing the underlying technology that will support our interactive television service."

For additional information about Kodak products and services, visit the Kodak website at kodak.com .