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Gold/Mining/Energy : JDS Fitel -- Ignore unavailable to you. Want to Upgrade?

To: Chris Stovin who wrote (487)	12/7/1998 6:26:00 PM
From: Stang	Respond to of 815

FYI: Ottawa local TV news just mentioned that a top brokerage firm rated JDS their top Canadian Tech company pick. I think they said Midland. May explain the jump. Stang

To: Chris Stovin who wrote (487)	12/7/1998 9:16:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 815

From Down Jones, hints a US listing might be on the horizon: <<< December 7, 1998 Dow Jones Newswires Nesbitt Burns Boosts JDS Fitel To 'Most Attractive' By Ben Dummett TORONTO (Dow Jones)--JDS Fitel Inc.'s (T.JDS) stock is up sharply Monday, after Nesbitt Burns Inc. raised its rating on the telecom equipment stock to "most attractive" from "above average attractive." In a research note issued earlier Monday to Nesbitt clients, analyst Brian Piccioni also raised his target price on JDS' stock to C$47.50 from C$30.00, citing the higher multiples investors are using to value the comparable issues of U.S. firms Uniphase Corp. (UNPH) and E-Tek Dynamics Inc. (ETEK). Piccioni couldn't be reached for comment. Currently, on the Toronto Stock Exchange, JDS is trading up 3.50 at 38.50. The Nesbitt Burns Inc. note follows news Friday that JDS Fitel Inc. (T.JDS), a maker of fiber-optic components based in Nepean, Ont., formed an alliance with Corning Inc. (GLW) to design and make isolators for Corning's fiber-optic equipment. Optical isolaters are devices used to reduce reflections, eliminate interference, crosstalk or other instabilities in optical transmission systems. The alliance isn't worth a huge amount of money to JDS, but it's strategically important, noted Duncan Stewart, fund manager at Tera Capital Corp. "Corning is the superman within the fiber-optic commmunity," Stewart remarked, adding the alliance represents a shifting in the competitive landscape in favor of JDS. Specifically, the alliance appears to come at the expense of E-Tek Dynamics Inc. (ETEK), which is a supplier of optical isolators to Corning. Indeed, E-Tek's stock fell about 8% on Nasdaq Friday, after JDS and Corning announced their alliance. E-Tek's stock, though, rebounded sharply Monday, gaining 3 15/16 to 24. And the stock remains sharply above its trading debut price last Wednesday of 12. Despite a surge in JDS' stock Monday, the issue has been on a tear for several sessions. Before Monday, the stock had jumped 16% from the beginning of the month. This surge comes on the heels of a bullish report on the stock issued Nov., 24, by Niko Theodosopoulos, technology analyst at New York based Warburg Dillon Read LLC. Theodosopoulos initiated coverage with a "strong buy," suggesting the company is "currently considering a possible listing in the United States." Citing JDS' broad product line, the analyst wrote that he expects JDS to maintain gross margins of about 52% through its fiscal year ending May 31, 2000. >>>>