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To: abuelita who wrote (26413)7/24/2000 11:30:11 AM
From: im a survivor  Read Replies (1) | Respond to of 35685
 
what are peoples thoughts to corning/nortel?

Isnt nortel a large chunk of revenue for jdsu....will this not hurt jdsu ?

keith@itfigures!.com



To: abuelita who wrote (26413)7/24/2000 12:08:21 PM
From: im a survivor  Read Replies (1) | Respond to of 35685
 
Well, I just covered the last half of my JDSU with AUG $150's...got 10 5/8.

This Corning/Nortel deal could be a thorn in the side. Just saw some talking head say that Nortel represents a large % of JDSU revenue, that they will of course lose if the deal goes thru. Anyway, just trying to play it safe. The part I just covered, I bought the otherday at $122. If they take it at $150, then I made $28 plus my $10 5/8 premium, or $38.50, a little over 35% for 3 weeks or so. If it stays under $150 and doesnt get called, then I at least shaved $10 5/8 from my cost basis, and still hold a stock I want for the long haul.

Anyway, It's gonna be interesting to see how this all falls in place...earnings, jdsu/sdli, inclsuion into S & P, and now the Corning Nortel Deal.

keith@ilovejdsubutanythingcanhappenasweallknowbynow.com