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Technology Stocks : JDS Uniphase (JDSU)
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To: zbyslaw owczarczyk who wrote (16789)1/21/2001 10:54:27 PM
From: t2  Read Replies (3) of 24042
 
Scott Moritz (street.com) and friends won't give it up. I am now finding them amusing; Sagawa was hilarious when he commented on Nortel after the earnings. He should realize that when the market has an appetite for low grade bonds of communication companies, it signals an explosion in spending is on the way.

These guys just pushed some stories so far and are now trying to continue trying to prove their silly thesis. It is sad that these people scared so many investors into dumping the shares. Now we should see the flip side of that.

Of course he continues to avoid the real issue:
That being, the reallocation of budgets to newer technogies like optical. So even if absolute spending decreases, optical spending continues to increase just like before.

Hope this reporter (or mouthpiece for the hedge fund) goes to JDSU website and watch the presentation the company made on january 9/2000.

Nah...I guess it is better to keep quoting these anonomous hedge fund people who are caught in a bad short position.<g>

"Some of these companies may be giving investors false hope. There's no reason to think that
lower interest rates will mean the bad times are over," says a New York networking analyst who
asked not to be identified.

That makes me laugh--why be afraid of being identified.
The quote from the hedge fund manager in Moritz's story is even funnier.

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Did anyone catch the 1.25 billion junk bond offering by Nextel on Friday. They called it a "drive by" deal. Out of nowhere and the market was there for it. Prior to that we had Mcleod USA having oversubscribed bonds.
Yes..it is really hard to raise funds in this environment when companies can do "drive by" junk bond debt offerings. <ggg>
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