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Technology Stocks : JDS Uniphase (JDSU)

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To: JakeStraw who wrote (20394)	6/14/2001 4:16:23 PM
From: Rob C.	Read Replies (1) of 24042

J JDS Uniphase Outlook -2: First Call 4Q Rev View $690.1M 14 Jun 16:13 SAN JOSE, Calif. (Dow Jones)--JDS Uniphase Corp. (JDSU) revised its fourth and first quarter guidance downwards to reflect continued weakness in telecommunications carrier spending and inventory reductions by system provider customers. In a press release Thursday, JDS said it expects fourth quarter sales of $600 million, compared with already lowered earlier forecasts of $700 million. JDS will record inventory writedowns in the fourth quarter ending June 30, resulting in a loss of 6 cents to 8 cents a share for the fourth quarter, excluding other items. A Thomson Financial/First Call survey produced a mean earnings estimate of 5 cents a share for JDS' fourth quarter. The survey estimated sales of $690.1 million in the quarter. (MORE) DOW JONES NEWS 06-14-01 04:13 PM

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