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

To: t2 who wrote (12477)	8/31/2000 10:26:59 PM
From: onurbius	Respond to of 24042

TOKYO, Sep 01, 2000 (AsiaPulse via COMTEX) -- Furukawa Electric Co. (TSE:5801), a leading maker of electric wire and fiber optic cables, will list its U.S. subsidiary on the Nasdaq Stock Market by early November, hoping to raise some US$100 million, the company announced Thursday. U.S. subsidiary Optical Communication Products Inc., a manufacturer of optical communications system parts, has filed an application to list with the U.S. Securities and Exchange Commission. The funds raised will be used for capital investment and research and development. Furukawa Electric will continue to hold a majority stake in the U.S. company after the listing. Optical Communication makes optical links, which convert light signals to electric currents and vice versa. The firm posted US$40 million in sales in the year ended Sept. 30, with levels doubling over recent years because of the rapid spread of wavelength division multiplexing, an optical communications technology for transmitting several wavelengths in a single optical fiber. Furukawa Electric listed affiliate JDS Uniphase Corp. on the U.S. Nasdaq last year. The firm is estimated to be sitting on a 1.6 trillion yen appraisal profit from its stake in JDS Uniphase. (Nikkei) (C) 2000 Asia Pulse Pte Ltd -0- INDUSTRY KEYWORD: Share/credit issues