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Technology Stocks : JDS Uniphase (JDSU)

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To: pat mudge who wrote (15582)	12/28/2000 9:18:21 AM
From: Curtis E. Bemis	Read Replies (1) of 24042

Techbits-"Rumors Take On New Weight Thanks In Part To The Internet" We might take note of this short blurb in todays IBD- p. A4, by Murray Coleman. " Investors beware- These dog days in the stock market mean that even the most trivial event can take on a life of its own. Just ask the folks at BroadVision Inc. The value of their stock dropped almost 15% in one day recently after an analyst noted that a large client had discontinued plans to expand part of its business-to-business e-commerce program. The customer, a division of GE Electric Co, decided to defer launching a single Web site. The fact that GE operates hundreds of Web sites, many of which use BroadVisions B2B software, got lost in the shuffle. Online news outlets, wire services, and cable news channels spread the reports. Stock industry pros say what happened with BroadVision isn't unique. Analysts are privately complaining about overeager sales pros inside their own investment houses. Technology helps many of these marketers spread rumors to a wider audience. 'People make mistakes'. says Keith Crosley, a BroadVision spokesman. 'But there is a lesson here for investors'"

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