Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who started this subject	10/25/2000 9:43:45 PM
From: Dave Gore	Read Replies (4) of 120523

Lehman covered their butts today. Will Morgan, Paine, and others do the same after issuing ridiculous price targets on JDSU? Of course this is nothing new. Remember Goldman Sachs giving Priceline a rating of a BUY with a $120 target? Or how about Robertson Stephens giving it a Strong Buy rating when the stock was already at $134! LOL! 05-May-99 10:27 ET priceline.com Inc. (PCLN) 134 13/16 +13/16 (+1%): BB Robertson Stephens upgrades issue from "buy" to a " strong buy" based on higher than expected Q1 revenues and consumer recognition. Intraday support $134. 23-Apr-99 14:34 ET priceline.com Inc (PCLN) 90 1/2 14 1/8 (+19%) --Update-- According to sources who have read the Goldman Sachs report, firm plans to start coverage with a "recommended list buy" and a 6-12 month price target of $120. If so many unsuspecting people weren't being hurt by these guys, I'd find it funny. Hopefully everyone will learn to take what these guys say with a grain of salt. Often the big brokerage houses are either trying to keep or get business from the companies they issues these strong targets on. 10/25/00 9:38 pm EDT WHAT LEHMAN SAID TODAY (after the NT blowup) 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. Will Paine Webber and Morgan do the same after their targets of 160 and 250! Remember this? 28-Jul-00 15:00 -- 16:00 ET JDS Uniphase (JDSU) 118 5/8 -10 : Mrgn Stanley Dean Witter reiterates OUTPERFORM rating and price target of $160. 27-Jul-00 13:00 -- 14:00 ET JDS Uniphase (JDSU) 134 -1 15/16: PaineWebber reiterates BUY; ups price target to $250 from $220; cites huge sequential growth in June 2000 quarter and strong demand; believes synergies from ETEK acquisition could have accelerating effect on growth.

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