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Technology Stocks : SDLI - JDSU transition -- Ignore unavailable to you. Want to Upgrade?

To: Red Dragon who wrote (243)	2/17/2001 7:38:44 AM
From: John Carragher	Read Replies (1) \| Respond to of 3294

If you're a retail investor who has a few bones to pick with John Roth about his ability to manage his business, you'd better get in line. The phones at Nortel probably started lighting up within moments of the announcement about slower growth, and the list of aggrieved investors and others is likely to be long. Up near the top would be JDS Uniphase, which just a week ago took $2-billion in Nortel stock in return for a plant in Zurich, Switzerland — those shares are now worth 35 per cent less. lifted from nt thread.................

To: Red Dragon who wrote (243)	2/17/2001 10:37:21 AM
From: Jack Hartmann	Read Replies (1) \| Respond to of 3294

From the 10K of JDSU 2/13/01 <iu>On February 13, 2001, the Company completed the sale of its Zurich, Switzerland subsidiary to Nortel Networks ("Nortel") for 65.7 million shares of Nortel common stock valued at $2.1 billion, as well as up to an additional $500 million in Nortel common stock payable to the extent Nortel purchases do not meet certain levels under new and existing programs through December 31, 2003. The Company expects to record a gain estimated at $1.9 billion in the quarter ended March 31, 2001. sec.gov The gain maybe something like 1.3B instead now. The $31.56 was the average price of NT when doing the math. Jack