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Technology Stocks : JDS Uniphase (JDSU)
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To: Andy Yamaguchi who wrote (19304)3/8/2001 3:28:08 PM
From: pat mudge  Read Replies (2) of 24042
 
Andy --

You were right about slow-downs, but it's unfair to say JDS didn't warn investors. On their last quarterly call they downgraded estimates from 12% seq to 7 to 10% sequential.

After the merger was complete, they guided down once more:


Sales in the March Quarter will be at or above $1B and EPS at $0.17. FY ends in June and will see $3.9B in sales, and EPS of $0.74. This includes combined companies, elimination of Zurich, and elimination of JDS as customer of SDL. No income from NT stock.

Earlier had said visibility was cloudy. That remains today, either the same or less favorable. This has been factored into our guidance. September quarter are below earlier guidance. But sequential growth will exist. Joint company will have increased R&D.

FY’02, still too early to predict entirely. At this point we see sales of $6 Billion. You can calculate EPS based on current gross margin guidance. Even though there is uncertainty among carriers, demand is projected to increase, including demand for optical components and modules. This will be evident in second half.


Then this week they lowered estimates yet again:
dailynews.yahoo.com

Estimating $925M for the quarter vs. $1B earlier expected.
>>>>>>>>>>

They are still the sector leader and when the market climate improves, they'll get the respect they deserve. It's anyone's guess when that'll happen, though some are saying second half.

Pat
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