WR Hambrecht + Co Initiates Coverage of JDS Uniphase (JDSU) With a Buy Rating and Target of $180
PR Newswire ~ March 22, 2000 ~ 8:46 am EST
Company Leads as Component Supplier for Optical Communications
SAN FRANCISCO, March 22 /PRNewswire/ -- The following is being issued by WR Hambrecht + Co, a member of the National Association of Securities Dealers, CRD number 45040:
WR Hambrecht + Co today initiated research coverage on JDS Uniphase (Nasdaq: JDSU) with a buy rating and a price target of $180. WR Hambrecht + Co's eNetwork Technologies analyst Jim Liang cited the strong growth potential of the optical communications market and JDS Uniphase's leadership in the optical components market as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.
"We believe shares of JDS Uniphase are an ideal vehicle for investors looking to participate in the expected long-term growth of the optical communications market. With the combination of JDS Fitel -- the premier passive optical component company, and Uniphase -- the leading active optical component company, JDS Uniphase has become the dominant total solutions optical component company," Liang said.
Liang projects JDS Uniphase's total revenues could reach $1.3 billion in fiscal 2000 and $2.3 billion in fiscal 2001, up from the fiscal 1999 total of $ 588 million.
JDS Uniphase is the leading supplier of optical components, including both active and passive components, for the optical communications market.
About WR Hambrecht + Co
WR Hambrecht + Co (www.wrhambrecht.com) is an online investment bank founded by Silicon Valley pioneer Bill Hambrecht. WRH+Co is leveraging technology to bring transparency to capital formation and securities exchange. The firm focuses on investing for its own account and providing underwriting and advisory services for technology and emerging growth companies. WRH+Co serves institutional and retail clients with global equity research, sales and trading, as well as electronic brokerage and online private equity syndication. WR Hambrecht + Co has offices in San Francisco, New York, Boston and Philadelphia and is backed by industry leaders including: American Century, epartners, Fidelity Ventures, Instinet Corporation and Novell.
/CONTACT: David Eckstein of WR Hambrecht + Co, 415-551-3128, or deckstein@ wrhambrecht.com/
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