JDS Uniphase (JDSU) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JDS Uniphase (JDSU)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jmanvegas who wrote (19039)	2/23/2001 11:21:21 AM
From: JakeStraw	of 24042

"JDS Uniphase's (JDSU:Nasdaq - news) price target and earnings estimates were cut this morning by Morgan Stanley Dean Witter, which said it expected declining revenue for the optical fiber company. Morgan Stanley cut its price target on the company to $50 from $95 and lowered its earnings estimate for the fiscal third quarter to 16 cents a share from 17 cents. The current 18-broker consensus is 17 cents for the quarter. "For the next quarter, we expect a 9% sequential decline in revenue to $925 million, compared to our prior estimate of sequentially flat revenue," the note said. "A broad recovery in visibility looks unlikely." thestreet.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next