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Technology Stocks : JDS Uniphase (JDSU)
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To: Master (Hijacked) who wrote (6784)2/25/2000 7:40:00 PM
From: Brian P.  Read Replies (2) of 24042
 
Since I bought JDSU at $53 and ETEK at $172, I'm going to be holding a third of my portfolio in one stock (at current prices) when they merge. I'm sure many here have a similar story to tell. I don't plan on selling this stock for years--that decision is easy. But with a forward p/e of $260/$1.10 = 236 vs. a five-year expected growth rate of, what, 50%?, how can these price levels be sustained? This is a mania.
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