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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: xstuckey who wrote (351)	5/26/1999 8:27:00 PM
From: xstuckey	Read Replies (2) \| Respond to of 24042

Check this out ! 2:1 stock split Uniphase Expects 2-for-1 Stock Split After JDS Merger (Update1) Uniphase Expects 2-for-1 Stock Split After JDS Merger (Update1) (Updates with closing share prices.) San Jose, California, May 26 (Bloomberg) -- Uniphase Corp., the No. 1 maker of lasers for optical networks, is likely to split its stock 2 for 1 after merging with JDS Fitel Inc., Chief Executive Kevin Kalkhoven said. Uniphase stock has risen 96 percent this year. Shares of JDS Fitel, the biggest maker of filters used in fiber-optic networks, have more than doubled. The companies will seek final approval for the merger, now valued at US$5.38 billion, in shareholder meetings on June 28. ''Are we a candidate for a stock split? Logically and obviously yes,'' Kalkhoven said in an interview. ''Two for one is a reasonable number.'' Once merged, Uniphase and JDS plan to combine their products in new fiber-optic components instead of supplying them separately to phone-equipment and networking companies. Kalkhoven said the post-merger JDS Uniphase Corp. won't split its stock before reporting at least one quarter of combined results. Shares of San Jose, California-based Uniphase rose 10 15/16 to 136 1/4. JDS rose C$6.90 (US$4.70) to C$99.90. The companies said yesterday that their merger was approved by the U.S. Securities & Exchange Commission, the last regulatory agency to give it a go-ahead. JDS, based in Ottawa, and Uniphase are benefiting from the growing use of fiber optics to handle the mushrooming volume of data and Internet traffic on phone networks. Uniphase lasers generate the pulses of light that carry information on fiber-optic networks. JDS filters are used in products that boost the capacity of fiber cables with a technology called wave-division multiplexing, or WDM. Both companies supply components to Lucent Technologies Inc., the biggest phone-equipment maker, Nortel Networks Corp., Alcatel SA, and Ciena Corp., among others. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min. Access More Information and Services Above ©1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks. Best Trading, X