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Technology Stocks : JDS Uniphase (JDSU)

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To: peggylynn who wrote (11011)6/23/2000 9:58:00 AM
From: pat mudge  Read Replies (1) of 24042
 
Comments on the merger from JP Morgan:

. . . We believe that the likely closing of the E-TEK deal (which should happen on June 30th, following the E-TEK shareholder vote on June 28th) should be a positive catalyst for JDSU, allowing the company to focus on integration and what's next strategically for the combined entity. We also believe that we are likely to see better results from the combined JDSU/ETEK than management is conservatively suggesting as E-TEK's business looks to be in very good shape with Wall Street projections likely being too low. JDSU remains our core holding in the optical components markets and we believe the company will likely continue to set the pace both financially and strategically for the industry. We remain bullish on shares of JDSU and will revise our earnings estimates when the deal officially closes later this month.
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