JDS Uniphase Corp. agrees to Acquire Casabyte
Thursday, January 04, 2007
Shares of JDSU rose today more than 4% to 17.93$ after the company said that it planned to buy Casabyte, a company specializing in monitoring the service quality of mobile phone networks. According to JDSU this acquisition will help to bolster its position in the network quality assurance market. In my opinion I think that this acquisition could be very good for JDSU, Casabyte provide automated quality assessment technology to the wireless industry.
The technical chart show that JDSU just broke out of downtrend line (from 22 Nov to 3 Jan 07) Volume is starting to pick up and RSI come back to the Bullish area.
The technical chart show that JDSU just broke out of downtrend line (from 22 Nov to 3 Jan 07) Volume is starting to pick up and RSI come back to the Bullish area.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
