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

To: pat mudge who wrote (752)	2/23/1999 8:28:00 AM
From: Chris Stovin	Read Replies (1) \| Respond to of 815

This in the Globe and Mail today....I'll have to type it because the article is not online... JDS Fitel up 6.25 A few years back, nobody but a few geeks with thick glasses and greasy hair had even heard of this outfit. Now JDS is a global player and just about every portfolio manager in Canada wants a piece of it. The company, based in the Ottawa suburb of Nepean, is in the process of becoming a dominant world player in fiber optics with its $5 billion plus merger with Uniphase Corp of San Jose California. In a market mad for technology, investors are baying for the stock: The suits at Wood Gundy found ready buyers for almost a quarter billion dollars worth of JDS shares this month without leaving their bar stools at Canoe. JDS shares, up more than fivefold from a low of $12.45 in the morbid market of October, are now only just short of their Jan 29 record of high of $72. Uniphase surged $8.25 (U.S.) yesterday on massive volume of more than 1.8 million shares on the Nasdaq Stock market to close at $95.87. As of Friday, JDS also joined the Toronto Stock Exchange's blue chip 100 share index . It and ATI Technologies Inc. replaced Loewen Group Inc. and Extendicare Inc.