From Goldman Sachs
JDS Uniphase NASDAQ:JDSU
Technology
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Mar 9 2000
Goldman Sachs [GS] has filed with the SEC to sell 816,819 shares of JDS Uniphase [JDSU], but we are still extremely bullish on the fundamentals of the company. As the hands-down leader in optical components, JDS Uniphase should continue to see strong growth in its business for the foreseeable future. Any short-term pullbacks in the stock as a result of the filing should be treated as a buying opportunity.
As of its last filing in December 1999, Goldman Sachs held 1.44m shares of JDS Uniphase, so the recently filed sale of 816,819 shares represents more than half of its holding. However, the total shares to be sold are not too significant: over the past 45 trading days, the average trading volume on JDS Uniphase has ranged from just over 5m shares to more than 16m shares.
In terms of company fundamentals, we remain as upbeat as ever. According to market research firm RHK, demand for optical components continues to exceed supply. FWD this page to:
Fayad is a semiconductor analyst for StreetAdvisor.com. As a full-time employee of StreetAdvisor.com, Fayad is prohibited from actively trading individual stocks, options, and bonds. As per company policy, Fayad has not opened a new position in a stock since February 1, 2000 |
