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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (37891)	6/14/2001 5:18:48 PM
From: Dealer	Read Replies (1) of 65232

JDSU--About that revision.....Can you put that in a few words: JDS Uniphase (JDSU) 13.81 -0.37: -- Update -- Lowered sales forecast will require an increase in excess inventory reserves of $225 to $250 mln. Excluding inventory write-downs, company anticipates pro forma results would be profitable (consensus $0.05 profit). "The business downturn has been rapid, steep and unprecedented, and the continuing lack of visibility from our customers suggests to us that a cautious outlook continues to be warranted for the short term.; see press release. JDS Uniphase (JDSU) 13.81 -0.37: -- Update -- Company warns for Q4; reduces Q4 sales outlook to $600 mln (consensus $690 mln); sees Q1 sales of $450 mln (consensus $664 mln). Sees Q4 pro forma loss of $0.06-$0.08 (including write-downs) vs consensus of $0.05 profit; see press release.

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