Well, that's the shoe I was worried might drop. Now that it has, I think I can exhale.
A glance at year/year comparisons:
JDSU, Q4/00:
jdsuniphase.com
July 26, 2000 – JDS Uniphase Corporation (Nasdaq:JDSU and TSE:JDU) today reported sales for its fourth quarter ended June 30, 2000 of $524 million and pro forma net income of $114 million or $0.14 per diluted share. Sales for the year ended June 30, 2000 were $1.43 billion.
Same quarter for SDLI:
sdli.com
<i.>July 20, 2000 — SDL, Inc. (Nasdaq: SDLI) today announced record revenues of $110.5 million and pro forma net income of $27.2 million, or $0.33 per diluted share, for the second quarter ended June 30, 2000.
Combined sales: $634M vs. current estimate of $600M
JDSU, Q1/01:
jdsuniphase.com
October 26, 2000 – JDS Uniphase Corporation (Nasdaq:JDSU and TSE:JDU) today reported sales for its first quarter ended September 30, 2000 of $786 million and pro forma net income of $177 million or $0.18 per diluted share.
Same quarter for SDLI:
sdli.com
October 19, 2000 — SDL, Inc. (Nasdaq: SDLI) today announced record revenues of $146.5 million and pro forma net income of $40.4 million, or $0.45 per diluted share, for the third quarter ended September 30, 2000.
Combined sales $932M vs. current estimate of $450M.
>>>>>>>>
At the H&Q conference, JDSU’s CFO said inventories would be worked down by September. If that holds true, then the above projections should have the worst factored in.
Someone once said when you sleep with a giant, be careful when it rolls over. Carriers are about as big as giants get, and merciless when they change positions.
Pat |
