VoyForums
[ Show ]
Support VoyForums
[ Shrink ]
VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, [4] ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 07:59:58 01/03/00 Mon
Author: warren
Subject: JDSU plans to split again...

Breaking News : Telecom



JDS Uniphase Jumps 14% on News
of Another Stock Split
By TheStreet.com-NYTimes.com Staff

1/3/00 9:56 AM ET


Updated from 8:19 a.m. EST:

JDS Uniphase (JDSU:Nasdaq - news), the fiber-optic
supplier that was one of the Nasdaq Stock Market's
best performers in 1999 with an 845% gain, Monday got
2000 off to a flying start by declaring its third 2-for-1
stock split in six months. The stock rocketed 14%
higher at the open, leading an early 120-point rally in the
Nasdaq.

San Jose-based JDS, whose last 2-for-1 split took effect
last week, will pay out the additional shares March 10 to
shareholders of record March 1. The stock split is
subject to shareholder approval of a measure that will
boost authorized shares to 3 billion from 600 million.
JDS, which currently has 287 million shares outstanding
and a market capitalization of around $52 billion, said
shareholders will meet Feb. 25 to ratify that move.
Monday morning, the stock was up 22 1/4 to 183 9/16.

As TheStreet.com noted in a Dec. 8 article, JDS has
been one of the primary beneficiaries of investors'
infatuation with the stocks of companies that build
networks for the Internet. With telephone carriers and
ISPs straining to ease traffic bottlenecks by fattening
their fiber-optic networks, companies such as JDS
Uniphase, SDL (SDLI:Nasdaq - news) and E-Tek
(ETEK:Nasdaq - news) have thrived by furnishing the
bundles of amplifiers, filters and other components that
solve those problems. The rise in those stocks was one
of the primary drivers of the Nasdaq's 84% rally in 1999.

[ Next Thread | Previous Thread | Next Message | Previous Message ]
[ Contact Forum Admin ]

Forum timezone: GMT-8
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.