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Technology Stocks : JDS Uniphase (JDSU)

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To: Greg Jung who wrote (1399)10/25/1999 7:14:00 PM
From: Brian K Crawford  Read Replies (1) of 24042
 
What's wrong with these numbers, where a liberal
use of the "-" is indicated?


Greg, what is wrong with the numbers is that they do not exclude the one time charges related to the JDS Fitel/Uniphase merger.

If you factor those charges out, JDSU is earning around $.25 per share, per quarter, after tax.

So the stock isn't cheap, selling at over 100 times forward earnings.

As you already noted, sales are growing very fast. So are operating earnings. Expect more acquisitions to occur. Expect more acquisition related write-offs. It is a Cisco-like situation.

Sales and profits would be growing faster, but management reportedly cannot fill all the orders.

I have a question for you. Are you sincere or just having a bit of fun?

Brian
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