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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Gofer who wrote (814)	5/5/2002 6:14:22 AM
From: Al Collard	Read Replies (1) \| Respond to of 1590

Hi Gofer, You covered: JDU-t @$ 7.57 X 2,103 shares = $27,317.97 You sold: JDU-t short @$ 7.57 X 3,608 shares = $27,312.56 Interesting strategy Gofer. Good luck with your new pick, Al

To: Gofer who wrote (814)	5/15/2002 6:56:30 AM
From: Al Collard	Respond to of 1590

JDU-t...in the news: Globe says JDS writes down value of its Nortel equity Wed 15 May 2002 The Globe and Mail reports in its Wednesday, May 15, edition that according to a filing with United States regulators JDS Uniphase has written down the value of its Nortel Networks equity by $84.5-million (U.S.) during the first nine months of this fiscal year. The Globe's Simon Tuck writes that the document, dated Tuesday, says JDS had 24.7 million Nortel shares as of March 31. The stock, acquired during JDS's $3-billion (U.S.) all-stock sale to Nortel of a manufacturing facility in Zurich, Switzerland, had a value at the end of the quarter of $110.9-million (U.S.). The filing by JDS said the company writes down the value of an investment when that value has dropped and is believed to be "other than temporary." Nortel shares hit a nine-year low earlier this week, closing Monday at $4.03 (Canadian) on the Toronto Stock Exchange. The extent of JDS's writedown marks just the latest twist since the deal was consummated in early 2001 by the two companies. Two days after the sale was announced, Nortel trimmed its profit expectations by almost 20 per cent for 2001, which slashed the value of Nortel's shares -- and about $1-billion (U.S.) off the price that JDS received for its plant.