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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: James Calladine who wrote (26368)	10/27/2000 8:42:28 AM
From: signist	Read Replies (1) of 42804

First Union raises JDS earnings, revenue forecasts TORONTO, Oct 27 (Reuters) - First Union Securities raised its earnings estimates for JDS Uniphase on Friday after the maker of fiber-optics equipment quelled fears of a slowdown in the red-hot sector and beat revenue and earnings targets for its first quarter. First Union said it raised earnings estimates for JDS to 80 cents a share in 2001 from an earlier 67 cents and in 2002 to $1.10 a share from a prior $1.10. And the brokerage house raised its revenue estimates for JDS to $3.8 billion in 2001 from an earlier $3.4 billion and in 2002 to $5.7 billion from an earlier $5.2 billion. JDS said after the markets closed on Thursday that revenues grew 23 percent from the prior quarter, and earnings per share topped analyst estimates by 2 cents at 18 cents a share. ($1=C1.52 Canadian)

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