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Author: caveman2 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 102  
Subject: jdsu splits again Date: 1/3/2000 5:25 PM
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got this off cbs marketwatch:
_______________________________________________________
JDS Uniphase to split stock 2-for-1

By Deborah Adamson, CBS MarketWatch

SAN JOSE, Calif. (CBS.MW) -- On the heels of a late-December stock split, JDS Uniphase greeted the New Year by announcing another split that sent its shares up 8 percent in recent trading.

The maker of parts for fiber optic equipment
rose by 12 15/16 to 174 1/4.

JDS said it will split its stock 2-for-1 on March 10, affecting shareholders of record on March 1. The
company's Canadian counterpart -- JDS Uniphase Canada Ltd. -- will mirror the split.

JDS Uniphase said it will seek shareholder approval Feb. 25 to increase its number of authorized shares to 3 billion from 600 million
_______________________________________________________


well, it's nice jdsu/ocli is so optimistic about their future so as to do back to back 2:1 splits. i would have preferred a single 3:1 split, though. rampant splitting can devalue a stock (if the directors aren't careful) by swamping the market with too many shares.

any thoughts on this, or are we all frenzied bulls?

fred
"caveman2"
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