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Technology Stocks : JDS Uniphase (JDSU)
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To: SJS who wrote (5251)1/26/2000 6:30:00 PM
From: t2  Read Replies (1) of 24042
 
RE: S and P CNXT addition.
It makes some sense. Their revenue is about 1.6 billion. Their growth rate is somewhere around 20%. S and P committee appears to be a show me how you did rather than how you will do. Fair enough but slightly narrow minded. They don't want to put in based upon potential.

JDSU on the other hand is over 100% in revenue growth.
Now that the current earnings and revenues of JDSU get included and the last Dec 98 quarter sales are deleted, we should be close to 700 million and still growing 25% sequently (overall) for next quarter.

Another key factor is that due to the closing some deals this past quarter, the outstanding shares should also increase. That is the market cap goes up.
I think they gave 2 days for index fund managers to buy Conexant before it gets added. I bet they will need to give index fund managers at least a week to do their buying when JDS gets in.

If you thought the Yahoo addition caused a stir, we will be in for a shock when JDSU finally gets in. I hope they wait longer until we get to over 100 billion in market cap. That will be fun. Actually, that may also be a factor for S and P to add it after the December quarters numbers are factored into S and P's decision.

Conexant rocketed up this evening. The JDSU addition is inevitable in the near term. At least the committe now has more up to date numbers to base their decision upon.
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