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Technology Stocks : JDS Uniphase (JDSU)
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To: SJS who wrote (12618)9/13/2000 6:45:15 PM
From: Perry Ganz  Read Replies (1) of 24042
 
Analysts Bullish on JDSU
By: Cecily Barnes
9/13/00
Source: CNET Investor
Analysts pledged their support for JDS Uniphase today after the maker of fiber-optic components discussed its future at an analyst's day conference.
ABN Amro, Credit Suisse First Boston and UBS Warburg reiterated "buy" ratings on the company. Merrill Lynch reiterated "near term accumulate" and Griffiths McBurney raised its rating to a "buy."


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JDSU 104.25 1.06


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JDSU shares rose $2.21 to $105.50 in trading today. This year, shares of the company have traded as high as $153.42 and as low as $26.31.

Merrill Lynch analyst Thomas B. Astle recapped key messages presented at the company's meeting yesterday. Astle said JDSU identified manufacturing capacity as its key to growth, and said that it hopes to increase this capacity by four times in any 18-month period.

"We have heard this before but during this meeting the company provided considerable evidence of its ability to do this through factory expansion, automation, outsourcing and process engineering," Astle wrote.

Astle said the company also spoke convincingly of its plans to stay ahead in emerging technologies, specifically optical componentry.

"We remain quite comfortable with the JDSU story and would encourage investors to use weakness to accumulate stock," Astle wrote.
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