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Technology Stocks : JDS Uniphase (JDSU)

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To: DownSouth who wrote (755)8/10/1999 8:23:00 PM
From: JMD  Read Replies (2) of 24042
 
DownSouth--your post re: JDSU being a safe (low PE) harbor caught my eye. I've been waiting two years for this great company to go on sale and just haven't been able to pull the trigger. Am I missing something--seems like it's trading at about 55 X 12 months forward earnings. Don't misunderstand me please: there are lots of issues with higher multiples with nothing like this quality. Still, 55 doesn't seem very low to me. Comments welcome. Regards, Mike Doyle
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