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To: Dealer who wrote (26023)7/19/2000 9:00:19 PM
From: Dealer  Respond to of 35685
 
JDSU--S&P welcomes JDS Uniphase
Rite Aid checks out

By Tim Eaton, CBS MarketWatch.com
Last Update: 7:24 PM ET Jul 19, 2000 NewsWatch
Latest headlines

NEW YORK (CBS.MW) -- Standard & Poor's said Wednesday JDS Uniphase will replace Rite Aid Corp. in the S&P 500 Index after the close of trading on July 26.

An S&P release said Rite Aid (RAD: news, msgs), the drugstore chain, is being removed for lack of representation.

JDS Uniphase (JDSU: news, msgs), developer and manufacturer of fiber optic communications devices, will be added to the S&P 500 Communications Equipment industry group.

Share of JDS Uniphase closed down 4 9/16 in regular trading Wednesday at 106 3/4. After hours, however, the stock shot up 15 3/4 and was trading at 122 1/2.

Rite Aid shares rose 1/16 to 4 15/16.



To: Dealer who wrote (26023)7/19/2000 9:25:54 PM
From: Ex-INTCfan  Respond to of 35685
 
re" That means that index fund managers are going to
have to buy a tremendous amount of JDS next Wednesday."

Not from me . . . I'm not selling. Let's see, we've got the shorts out there, and a bunch of optical fans who won't sell. Gee, I wonder what will happen to the share price? I think if it prints 120 tomorrow it will be the low of the day. Look for 150 by close of business Friday.

INTCfan