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

To: Glenn McDougall who wrote (733)	2/16/1999 5:45:00 AM
From: Glenn McDougall	Respond to of 815

NBN Insight: Fibre optics looking up WebPosted Mon Feb 15 20:12:06 1999 newsworld.cbc.ca TORONTO-- Explosive demand from the cable, Internet and telecommunications sector is making the fibre-optics industry a lucrative place to be. Few companies have been benefiting more from this boom than JDS Fitel. Since last October, JDS has rocketed skyward on the Toronto Stock Exchange. The stock has climbed from a low of about $15 in the fall to a high of $67.40. Though JDS has been losing a little bit of its altitude in recent days. It closed Monday at $59.75, a drop of 95 cents. The stock received a further boost last month, when JDS Fitel announced "a merger of equals" with Uniphase Corporation of San Jose, California. If the merger meets with shareholder approval, the deal is expected to close in June. NBN's Jeannie Lee spoke to the Chairman and Co-CEO of JDS Fitel, Jozef Straus. He believes the new JDS Uniphase Corporation is ideally positioned in the industry. He expects the company will continue to grow both by acquisition and innovation.