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

To: SJS who wrote (14586)	12/4/2000 11:21:15 AM
From: K. Bloomquist	Read Replies (1) \| Respond to of 24042

Yes, I am saying you can sell JDSU at a loss today, buy SDLI today and recognize the loss for tax purposes on JDSU. The future receipt of JDSU shares for SDLI shares is structured as a tax-free exchange and therefore qualifies as an exception to the wash-sale rules. CYA statement - you should consult your own CPA make sure he/she agrees- but it is clear to me. Also, as possible interest to option holders, I am taking the position on my return that options on the same company but with different expiration dates and different strike prices are not substantially identical. This only applies if you own only options on a stock in the first place - it does not apply if you sell stock and buy options on that stock within 31 days of selling the stock. This position of saying that options on the same stock but with different expirations and strikes are not substantially identical is open to argument - so you should consult your own CPA on that one- he may deem that position too risky.