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Technology Stocks : JDS Uniphase (JDSU)
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To: mtnlady who wrote (11708)7/22/2000 5:30:21 PM
From: t2  Read Replies (2) of 24042
 
NT is up primarly due to LU's failure again and their lowering of their future numbers. In short LU's short fall is read by all (rightly so) as NT's gain. In addition NT has announced some huge contracts over the last few weeks. NT is now the undisputed king of their niche' in the fiber optic arena. LU, Cisco and the others are lagging far behind.

I think NT went up a little on Thursday after LU's problems but yesterday I did notice a pattern with GLW and NT. To me it seemed that funds with very large positions in JDSU, started to sell a little to buy other high growth stocks in the optical biz and I think NT and GLW are at the top of the list. I would have expected GLW to start going down for a while since its earnings are already out but this pattern seems to be breaking due to the S and P addition of JDSU--which has resulted in a huge demand for Corning stock as an alternative optical play. I think the buying of GLW will be sustained for months--expecting a double by year end at least. NT has earnings coming up this week and may run up quite a bit ahead of it and possibly even afterwards as investors get a forecast for the 2nd half of the year.

In addition, I believe people had sold some of their NT for Lucent because it was thought to be a value play---I guess they learned that was a bad idea and will buy more NT when they get a chance---which adds support to the stock price preventing big declines.

NT has been my largest stock holding for a few months and will probably be for at least another year.
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