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Technology Stocks : JDS Uniphase (JDSU)

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To: zbyslaw owczarczyk who wrote (20054)	4/13/2001 4:37:38 PM
From: zbyslaw owczarczyk	of 24042

Inventories Drop, First Time Since Dec.'98 WASHINGTON (Reuters) - Stockpiles on U.S. company shelves fell for the first time in over two years in February, the government said on Friday, in a report which offered some hope inventory imbalances could be improving. The Commerce Department said business inventories fell 0.2 percent in February to $1.219 trillion after gaining 0.1 percent in January. Economists polled by Reuters had forecast inventories would be unchanged in February. The inventory decline was the first since a 0.1 percent drop seen in December of 1998 and was the largest fall since a 0.3 percent contraction in March of 1996. The report was good news for the U.S. economy because one of the imbalances which has led to the dramatic slowing of the economy was in business inventories, which were becoming bloated compared to sales. Sales of goods fell 0.3 percent to $892.13 billion in February after a 0.2 percent decline in the previous month. With sales and inventories falling by similar amounts, the stock-to-sales ratio, a measure of how long it would take to totally deplete stocks at the current sales pace, held steady at 1.37 months.

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