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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (2160)	7/10/2000 12:57:57 PM
From: SJS	Respond to of 3951

Hi Pat. Saw this news and I'm marking the comments about the other players (this corroborates this thread's discussion earlier this morning...) ______ Fiber-optic sector rises after JDS-SDL merger deal NEW YORK, July 10 (Reuters) - Shares of fiber-optic companies rose following JDS Uniphase's <JDSU.O> <JDU.TO> announcement that it has signed a deal to buy rival SDL Inc. <SDLI.O> for $41 billion in stock. Shares of SDL Inc. <SDLI.O>, which were valued at a nearly 50 percent premium over their Friday closing of 295-5/16 under the terms of the deal, rose 23-3/4 to a new 12-month high of 319-1/16 in heavy trading on the Nasdaq stock market. The shares have traded as low as 28-1/4 in the past year. Canada's JDS Uniphase fell 18-1/2 to 97-11/6 as the most actively traded issue on Nasdaq. The shares have traded between 19-5/16 and 153-3/8 in the past year. The stock was down 22.60 to 150.00 on the Toronto Stock Exchange. Credit Suisse First Boston analyst James Parmelee said the deal highlights the importance of optical component technologies. The deal is positive for emerging fiber-optic suppliers, including Avanex Corp. <AVNX.O>, New Focus Inc. <NUFO.O> and Bookham Technology Plc <BKHM.O> <BHM.L>, all of which recently debuted on Nasdaq. Shares of Bookham were up 4-15/16 at 69-1/4, while New Focus jumped 16-1/2 to 98 and Avanex rose 11-1/2 to 118-1/4. Other companies that rose following the news, despite an 11.26 drop in the tech-heavy Nasdaq, included network equipment provider Sonus Networks Inc. <SONS.O>, which had its initial public offering in May, gaining 4-5/16 to 146-1/16. Agilent Technologies Inc. <A.N>, recently spun-off from Hewlett-Packard Co. <HWP.N> rose 2-1/4 to 69-11/16. Linthicum, Md.-based Ciena Corp. <CIEN.O>, which makes equipment that boosts the capacity of fiber-optic networks, rose 5-1/4 to 177-1/8. Shares of communications equipment maker Harmonic Inc. <HLIT.O>, rose 2-3/16 to 25-5/8. The stock, which was hit in late June after warning of weak second-quarter earnings amid declining sales to AT&T Corp. <T.N> and slow revenue growth at it cable TV systems unit, was still trading near its year-low of 2-3/16 at 25-5/8. But fiber-optic cable maker Corning Inc. <GLW.N>, which has been active in the acquisition game in the past 18 months, was off 5-11/16 at 251 on the New York Stock Exchange.

To: pat mudge who wrote (2160)	7/10/2000 1:10:06 PM
From: t2	Read Replies (2) \| Respond to of 3951

Pat, I can see who will be the CEO of the JDSU/SDLI combination. It looks set for the current chief of SDL to become the new CEO. The writing seems to be on the wall for this one but they have to wait for approval of the merger before making such an announcement. JS seems more of a technical expert. What do you think of this possibility? I would point out that Josef Straus and Kevin Kalkhoven were in on the acquisition game a lot earlier than SDLI.