JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Hank Stamper who wrote (1854)	11/8/1999 7:51:00 AM
From: Kent Rattey	Read Replies (3) of 24042

David, This is a growth stock and p/e is a terrible ratio to go by. You are paying for growth and market share. Forget the p/e. The earnings are growing at 125%, so earnings 4 quarters ago are moot. Same with QCOM. They dumped their money losing infrastructure division last spring, essentially making those earnings moot. I don't pay attention to it, but I think the "Q" is north of 350. Price/sales is a better ratio to follow. The typical high tech company sells at 14 to 20 times sales. However, even this ratio is difficult to measure in young companies. For example; Livingston, and not to mention Juniper, Cerent and Sycamore. The classic example was McCaw Communications.....never made money, but sold for a fortune(marketshare in a hot market). Cheers, Kent

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