THURSDAY, DECEMBER 28, 2000 1:53:00 PM EST
SAN FRANCISCO, Dec 28, 2000 /PRNewswire via COMTEX/ -- The following is being issued by Epoch Partners, a member of the National Association of Securities Dealers, CRD number 103899:
Epoch Partners, Inc. recently issued a Research Note on JDS Uniphase Corporation (Nasdaq: JDSU).
The Research Note, issued by Mark Langley, Senior Analyst, Communications Equipment Subsystems with Epoch Partners, states that JDS Uniphase shares represent a significant buying opportunity despite the one-month postponement of shareholder meetings. The following are key highlights included in the Research Note, which can be accessed in its full form at the Epoch Web site ( epoch.com ):
-- JDS Uniphase and SDL announced Wednesday that their shareholders'
meetings will now take place at 10 a.m. PST January 26, 2001.
-- The joint press release also stated that Hart-Scott-Rodino approval was
still pending.
-- Although we have seen price erosion for some passive components for
several months now, we believe JDS Uniphase's broad product line, its
positioning for high volume manufacture (through outsourcing, overseas
manufacture and automation advances) position it well in the rapidly
growing market for fiber-optic components and subsystems.
-- The company's ability to shift production to other customers mitigates
much of its exposure to Lucent and Nortel.
-- We think JDS Uniphase shares represent a significant buying
opportunity, trading at approximately ten times our calendar 2001E revenue
estimate, approximately 48 times calendar 2001 EPS (at a P/E-to-growth
ratio of 1.0x), and 73% below their 52-week high.
Communications Equipment Subsystems Coverage
Investors can visit Epoch's Web site for an in-depth analysis of the Communications Equipment Subsystems industry and to read research coverage on the following public companies in this sector: Avanex Corporation, Endwave Corporation, Finisar Corporation, JDS Uniphase Corporation, New Focus, Inc., and SDL, Inc. Full research on these and other companies under coverage by Epoch is available for free to investors at www.epoch.com.
Full research on companies in other sectors of technology sectors under coverage by Epoch is available for free to investors through the Epoch Web site (www.epoch.com). |
