SDLI - JDSU transition Message Board

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Technology Stocks : SDLI - JDSU transition

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To: gbh who wrote (1325)	4/25/2001 2:08:06 PM
From: pat mudge	Read Replies (4) of 3294

according to DBAB, JDSU will come in at .58 for the year (ending June). >>>>>>>>>>>>> JDS UNIPHASE CORPORATION [JDSU] "BUY" JDS Uniphase Pre-Announces, Guides Down Next Quarter Significantly, Plans Major Reorganization ------------------------------------------------------------------------------- Date: 04/23/2001 EPS 2000A 2001E 2002E Price: 24.18 1Q 0.08 0.18 0.06 52-Wk Range: 141 - 13 2Q 0.09 0.21 0.07 Ann Dividend: 0.0 3Q 0.11 0.14A 0.09 Ann Div Yld: 0.00% 4Q 0.14 0.05 0.12 Mkt Cap (mm): 33,707 FY(Jun.) 0.42 0.58 0.34 3-Yr Growth: 30% FY P/EPS 57.6X 41.7X 71.1X CY EPS 0.62 0.32 NE Est. Changed Yes CY P/EPS 39.X 75.6X NM ------------------------------------------------------------------------------- Industry: TELECOMMUNICATIONS EQUIPMENT Shares Outstanding(Mil.): 1394.0 Return On Equity (2000) : 0.0% ------------------------------------------------------------------------------- HIGHLIGHTS: JDS Uniphase pre-announced its March quarter results and guided June quarter results significantly down from prior guidance. The company did not provide any guidance for FY 2002 given the continued poor visibilty. Management also announced a major restructure program to deal with the current downturn in the sector. -- Results for March quarter came in at $920 million on the top line and $0.14 for the bottom line. Our estimates were $902 million and $0.14 respectively. -- June Quarter estimates significantly changed as follows: Old Revenue: $893 million Old EPS: $0.12 New Revenue: $700 million New EPS: $0.05 -- Our new FY 02 estimates are as follows: Old Revenue: $4.4 Billion Old EPS: $0.58 New Revenue: $3.5 Billion New EPS: $0.34 -- Management also announced a major restructure program to align its costs to match with its reduced revenue expectations. Investment Conclusion -- Maintain BUY rating We maintain our BUY rating as we believe that management is pro-actively positioning the company to deal with the current slowdown and bring costs in-line with revenues. The benefits should start coming through as the top line recovers, which we expect in 2002.We believe that following the restructure JDSU will be very well positioned to benefit from the sector rebound in 2002. Thus the stock should reward investors with a long-term perspective. . . . >>>>>>>>>>>>>>>>> Who has them at .20 for '02? Pat

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