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

To: dave b who wrote (645)	1/29/1999 2:49:00 AM
From: Chris Stovin	Read Replies (2) \| Respond to of 815

I have pulled myself out of a sleepless bed after milling over the deal. I wanted to put my feeble thoughts down while they were fresh. If you assume the JDS-Uniphase shares trading on the Nasdaq will be equivalent 1 to 1 with the existing Uniphase shares then.... Existing uniphase shares valued at $80 US from the other day is equivalent to $120.00 CDN (1.50 x $80 US). Half of the $120.00 CDN value is equal to $60.00 CDN which is the value of the JDS, hence the reason why JDS shareholders get .50855 shares and (based on my assumption)the uniphase shareholders get 1 for 1. The most important thing coming out of this analysis is that going forward, the JDS shares would then be pegged against the existing Uniphase shares on the basis of being equivalent to half the CDN value of Uniphase shares. For example, if Uniphase share price goes up to $88.00 US tomorrow equating to a CDN value of $132.00 CDN (1.50 x $88.00US) then the JDS shares will have a value of half that ($132 / 2) = $66.00CDN. If I am right (and who the heck knows?!) then we JDS holders will be holding our collective breath and watching what Uniphase shares trade at. This would be similar to what Dave B was describing in reference to Midland Walwyn and Merril Lynch and the share exchange in that merger. Does this sound possible or even half way intelligent? Any experts out there who can shed some light on the matter so I can sleep soundly and count sheep rather than share values? Bon soir! Chris