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Technology Stocks : JDS Uniphase (JDSU)

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To: t2 who wrote (4058)1/7/2000 10:17:00 PM
From: Chris Stovin  Read Replies (1) of 24042
 
Picked this off the "Raging Bull" thread

By: YONSU 01-07-00 at 08:38 am
Reply To: None Post # 4074


After listening to the CEO McGinn of LU this morning, his assessment of the Optical business is that it is exploding. That fact, and the fact the LU didn't ramp up may mean a blowout quarter for competitors, which just happens to include JDSU. Mr. McGinn mentioned his Optical dept is about the same size as JDSU's tho he did not say in all the same areas, which may be the cause for the company missing the quarter. If LU did not have the higher end product for the quarter it will relate directly to NT and JDSU and their bottom line. We should see a significant bounce today in both stocks moving into the earnings, The unemployment number to just released stays at 4.1%, wages .06 up, a bit higher than expected. A neutral for the markets, which is good for the slide of the past 3 days. Look at this as a buying opportunity for all the stocks you want, its a gift time a little late for Xmas.

Yonsu

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