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Technology Stocks : JDS Uniphase (JDSU)

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To: Kent Rattey who started this subject	10/25/2000 9:17:22 PM
From: Dave Gore	Read Replies (1) of 24042

Look at Lehman trying to cover their butts today after what they said late last month. Why didn't they do their homework in the first place? Remember last month (before Regulation FD) they still could talk to NT management in private for guidance that the rest of us weren't privy to. WHAT LEHMAN SAID TODAY (after the NT bombshell) JDS Uniphase (JDSU) 72 3/16 -22 7/8 : Lehman Brothers downgrades to OUTPERFORM from BUY; brokerage believes there is significant near-term risk to JDSU. Expects company will report solid quarter, but with limited upside given problems faced by LU and NT. What Lehman said on Sept. 26th 26-Sep-00/ 09:30 -- 10:00 ET JDS Uniphase (JDSU) 107 19/32 +25/32: Lehman Brothers initiates coverage with an OUTPERFORM rating and price target of $130; says JDSU has emerged as dominant merchant vendor in its market; believes company’s strategy to acquire technology and capacity and to focus on manufacturing efficiencies are exactly what is needed for success in this market. Gee...thanks Lehman! What a big help you are!

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