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Strategies & Market Trends : The New Economy and its Winners
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To: 16yearcycle who wrote (7573)6/13/2001 1:57:36 PM
From: craig crawford  Read Replies (1) of 57684
 
9:07AM JDS Uniphase (JDSU) 15.11: So much for sugar-coating the news: Wit SoundView says that "business stinks, our numbers are too high, and it's time to get them down." Firm reduces FY02
revenue estimate to $2.73 bln from $3.53 bln and EPS to $0.18 from $0.38. Wit also makes cautious comments about Corning (GLW 18.08); says proprietary checks suggest that the bottom for the
Photonics division has not been found, and FY01 and FY02 estimates are at risk.
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