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Technology Stocks : JDS Uniphase (JDSU)
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To: Lee who wrote (3645)1/3/2000 9:22:00 AM
From: t2  Read Replies (2) of 24042
 
Too many stock splits are not in the best interest of shareholders IMHO. When the float becomes very large, it's increasingly difficult for the stock price to gain appreciation.

I think JDSU is far from that point. If it continues to grow and come through with earnings, there is nothing stopping it from going a lot higher even with larger float.

Sorry for repeating this over and over but it is not even in the S and P 500 yet.

An example of the large float problem is AOL. However, i don't even think that is the factor for them---it is the free internet issue for them.

I don't buy the large float argument for JDSU yet. 1 year from now---i don't know.
Large companies like Oracle, Cisco, SUNW, MSFT had no problem going a lot higher even with large floats.
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