Oclaro, Inc. (Avanex-Bookham) Message Board

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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)

OCLR 8.260

0.0%

Dec 10 4:00 PM EST

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To: Raymond Duray who wrote (898)	11/12/2000 5:04:48 PM
From: Elmer	Read Replies (1) of 2293

Hi Ray, [[See what a lousy election result can do for my mood? Scary stuff. Imagine what I'll be spewing to the thread in a week when we approach a Constitutional crisis... <gg> ]] It looks like we may get a CC (not conference call) since nobody wants to back down and we'll be counting votes by hand for the next four years. If some of the stocks like AVNX and JDSU continue down on the order of 30%-40% more, they begin to trade at their forward earnings times long-term growth rate (i.e., dividend growth model prices). A lot of people think those prices would be justified. But that is a long ways to go and great company's like AVNX seldom get to those dividend growth model prices.

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