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Technology Stocks : SDLI - JDSU transition

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To: pat mudge who wrote (374)2/23/2001 11:22:00 AM
From: Jack Hartmann  Read Replies (2) of 3294
 
10:39 ET JDS Uniphase (JDSU) 29 3/16 -1 3/8 (-4.5%): Merrill Lynch "pro-actively" reducing estimates to reflect revised outlook provided by JDSU's largest customer, Nortel; reduces FY01 est to $0.73 from $0.70 and FY02 forecast to $0.74 from $0.88; believes that calendar 2001 will be a challenging yr for much of the communications equipment space as carriers minimize spending due to economic and capital market concerns.
from briefing.com

Reacting, not forecasting, these ML people.

Jack
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