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Technology Stocks : JDS Uniphase (JDSU)
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To: pat mudge who wrote (3503)12/30/1999 2:37:00 PM
From: Tecinvestor  Read Replies (4) of 24042
 
Pat, I have some serious reservations about PaineWebber's $1000 target on QCOM, particularly the timing vis-a-vis year end and the forthcoming 4-1 split at the close today. I remember not too long ago, on October 21, 1999, PaineWebber downgraded SUNW because of fears of the "Y2K bubble effect", as a result of which SUNW took an unwarranted hit. Bottom line, I question PaineWebber's bona fides and suspect it had a private agenda when it came out with such a huge revision on QCOM. I'd be willing to bet its key clients knew of the revised target well prior to the announcement.

I am more impressed with Gruntal's revised targets on JDSU than I am with PaineWebber's revised target on QCOM.

JMHO.

Tecinvestor
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