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To: Frank Ferrari who wrote (30275)1/15/1998 2:23:00 AM
From: pat mudge  Respond to of 31386
 
[JDS Fitel]

Frank --

Thanks for the stock tip. The only bit of news I could find was the following press release. From this my interest is piqued. If you have any URLs, let me know.

Cheers!

Pat

<<<
Dow Jones Newswires -- January 8, 1998

JDS Fitel Buys Nepean, Ont. Land For C$4.7M

NEPEAN, Ont. (Dow Jones)--JDS Fitel Inc. (T.JDS) said it has purchased 54 acres of land in the South Merivale Business Park in Nepean, Ont. for about C$4.7 million.

In a news release, JDS Fitel said it intends to construct a campus facility on the land to accommodate future expansion plans.

It said the initial phase of the development will consist of a 257,000-square-foot research and development, manufacturing and office facility.

Construction of the initial phase is scheduled for completion in August.

The company said it has an option to purchase up to an additional 53 acres of land in the South Merivale Business Park for possible future development.

JDS Fitel manufactures and distributes a broad range of products for the growing fiber-optic communications market.>>>