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Technology Stocks : JDS Uniphase (JDSU)

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To: Hank Stamper who wrote (430)6/29/1999 3:28:00 PM
From: Toby  Read Replies (1) of 24042
 
On the other hand, the completed merger makes it much more likely JDSU will enjoy the winner take all fruits of the Gorilla Game, ala Cisco Systems. Earnings have grown around 90% per year, not quite the PE of the combined firms, pro forma, but the firm can consolidate its businesses, reap added value, and acquire whatever they don't have with their high priced stock.

Yes, it's overpriced. But what will it cost in five years?
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