JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: pat mudge who wrote (14097)	11/9/2000 9:19:12 AM
From: gbh	Read Replies (1) of 24042

Hi Pat, I finally bit the bullet and started buying jdsu yesterday. It appears I was a bit early. As far as the current correction goes, its a combination of inventory (whether jdsu and others deny it or not) and valuation, imo. I think the component suppliers may just take a bit longer to see it than you think. Perhaps in a few weeks, maybe a month or two. However, this inventory business will be relatively short-term, imo, and will work itself out over time (not sure how much). The real question I think is the "valuation correction" taking place. What is the right valuation for these 100+ PE stocks? Perhaps we are simply entering a "new" market where stocks will trade at a discount to their long-term growth rate. Oh wait, that would be the "old" market... Gary

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