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Technology Stocks : JDS Uniphase (JDSU)
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To: Dr. D who wrote (11084)7/6/2000 3:14:49 PM
From: pat mudge  Read Replies (2) of 24042
 
I'm one of the few who actually reads SEC filings. For what it's worth:

freeedgar.com

The following segments give some concern:


. . . our existing Uniphase Netherlands facility has not achieved acceptable manufacturing yields since the June 1998 acquisition, and there is continuing risk attendant to this facility and its manufacturing yields and costs. Moreover, we recently completed construction of a new laser fabrication facility at Uniphase Netherlands, and this facility has not yet reached targeted yields, volumes or costs levels. . . .

The impact of these mergers and acquisitions as well as other acquisitions consummated in the past five years resulted in amortization expense of $249.6 million and $607.7 million for the three and nine months ended March 31, 2000. In addition, we are also accounting for the E-TEK merger using the purchase method of accounting. In-process research and development, which is currently estimated at $251 million, will be expensed in the fourth quarter of fiscal 2000. Intangible assets including goodwill will be generally amortized over a five year period. The amount of purchase cost allocated to goodwill and other intangibles is estimated to be approximately $16 billion. If goodwill and other intangible assets were amortized in equal quarterly amounts over a five year period following completion of the E-TEK merger, the accounting charge attributable to these items would be approximately $843 million per quarter and $3.4 billion per fiscal year.


After the merger was complete and the stock didn't rebound, I took half my position off the table. I'll add when I see more strength.

Pat
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