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


To: Wyätt Gwyön who wrote (11215)7/10/2000 6:59:52 PM
From: Road Walker  Read Replies (4) | Respond to of 24042
 
Mucho,

I don't think this has a snowballs chance in Santa Clara of going through.

re: GLW could have made the deal but chose not to pay up. Therefore, they should have no complaints if somebody else decides to ante up.

Should is very different than will. They will say/do what is in the best interest of GLW.

re: Also, Scifres and Straus mentioned that the deal would be good for customers, so what's not to like.

It's unlikely they would say it would be bad for customers.

IF the deal were to go through, it would create a powerhouse. My take is that they said "what the heck, lets give it a try". Sort of like buying a lotto ticket, you know you won't win, but if you do...

If this was 1 1/2 years ago, or 6 1/2 months in the future, I would say it would have a chance. Not now, not with Klein and Reno. With WCOM/FON it could be reasonably argued the deal increased competition, I don't see where this has a leg to stand on.

At least not now.

John



To: Wyätt Gwyön who wrote (11215)7/10/2000 9:25:42 PM
From: onurbius  Read Replies (1) | Respond to of 24042
 
<. With SDLI now trading at about a 20% arb discount, it looks on first glance like the DOJ may be seen as a dealstopper. >

I don't think so. The play behind the play is to create the perception of uncertainty by selling down JDSU and artificially keeping the spread at big discount. When the premium starts to evaporate both stocks are chased much higher. Strong hands are long SDLI and will be long JDSU again soon.