JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: uu who wrote (19818)	3/29/2001 8:07:08 AM
From: t2	Read Replies (1) of 24042

JDSU has a book value of $23.96, and it also has $1.13 Billion in cash with absolutely no debt That seems about right. The cash can probably be confirmed from the last earnings release and I would expect it to be in that range or higher. Book value is another matter. I believe that since JDSU is a company that did so many deals in the past 2 to 3 years (using the purchase method), the book value becomes high. I guess they were valuating their acquisitions using "new economy" valuations at the time of the deals. JDSU's books will only reflect "book value" which is really the historic costs a the time of deal announcements...and those costs were a lot higher back then. To me what matters is the cash levels of over 1 billion. The book value number is useless at this point (imho). Edit---as Mucho Mass points out, the intangible assets (basically goodwill---and lots of it) resulting from the big "purchase" deals really skews the numbers.

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