JDSU: The Perfect Storm
Adding to the "storm" discussed here (earnings plus S&P 500 listing, etc.), I just received an e-mail from the Gilder Group that July's Gilder Technology Report will be posted mid-morning tomorrow (Tuesday). I know that Gilder said his July report would be some sort of mid-year review (implying that there might not be any new picks highlighted), but UNPH / JDSU being a core "telecosm" stock of his, I can't believe he wouldn't have updated the July report to include some sort of mention of the JDSU/SDLI merger. Gilder really hasn't said much lately about JDSU, although it has been one of his very best picks (picked in 1997 when it was UNPH) (other great early picks being QCOM, CIEN, SUNW). Maybe since some of his latest picks haven't done so well (TERN, XLA, A), he will remind us that he was pounding the table for UNPH when its market cap was south of $2 billion. At any rate, I doubt he would say anything negative about JDSU, especially since he "doesn't do price." (!) Best of luck to all JDSU longs. |
