Anatomy of the UP-grade (WIT SOUNDVIEW)
JDSU and a significant portion of the Optical Networking Sector was bounced on Friday, but why? Why when not a
single of the companies have stated that a turn around is near, and even the most optimistic Analyst believe the
recovery is going to happen in 2002.
Well the answer is one loan Analyst, the analyst on JDSU that was one week late for his opinion. That’s right after
JDSU had a horrific and terrible warning a week earlier had major analysts put out the obligatory statements on the
company. They apparently actually listened to the CC call. On June 15th 2001
US Bancorp Piper, CSFB, SG Cowen, ABN AMRO Merrill Lynch, First Union Securities, Lehman Brothers,Wachovia Sec ALL
stated holds or downgrades to hold.
Also on June 15th, 2001 WR Hambrecht, Robertson Stephens,
Banc of America Securities and JP Morgan H&Q all put out REITERATES of BUYS.
Not to be outdone Wit Soundview that still as the JDSU lost over 75% of it Total price, well Wit thought about it, for
a full Week, then they decided it was time to put the Public in this stock again. Hey Lucent is a buy at 18 bucks
too, gotta be!
See how Wit Soundview (read as WIT Capital, the firm created almost exclusively to sell IPO share in 1999-2000)
to the Public on 1/22/01 from SuperDuper Buy, to just BUY. Notice the stock closed that day at 59.75,
the next day it put in the HIGH for the year 64.95, after that all the people Bought JDSU lost it.
So as not to confuse the PUBLIC, WIT Soundview came out with a REITERATION OF BUY IT, just 4 days later on 1/26/01.
Well they called the bottom, right the upgrade means we have bottomed? Well only through bad reporting. Wit
Soundview has not called the bottom, they only expect that by September, that the downcycle should be over. Implying
that—well I take that back, implying nothing like a bounce or a strong recovery or anything like that. Just that it
won’t get any worse after September quarter.
See what he said---
"Customer activity levels are unsustainably low and in our judgment the company's September-quarter guidance will
prove the low," wrote analyst Kevin Slocum.
Just what are you saying Kevin, can you add some fluff and mumbo in for me??? Please?
"We expect carriers to improve their spending patterns moving through next year. That should drive improving
results from the levels that will be reported for the June quarter and predicted for September," he wrote.
The economic concerns that exacerbated the slowdown in
spending "precipitated an unsustainably low level of equipment investment."
Thank you
Were there any bright spots in these Analysts?---YES Looking at just JDSU I would have to say that Ryan, Beck Co
and Lehman Brothers. Did the best jobs for the public that the could have reasonable done, called it quickly, and called it correctly.
Way back in January when the world was upgrading, Lehman rating came out as overall HOLD and for the optical sector
they were right—JDSU performed right with the sector.
Princeton, New Jersey, Jan. 29 (Bloomberg Data) -- JDS Uniphase Corp.
(JDSU US) was reiterated ''market perform'' by analysts Steven D. Levy and
Arnab K Chanda at Lehman Brothers.
The first Analysts to SEE IT and CALL IT was Ryan, Beck & Co. They also gave the most clear cut signal. Strong BUY
to HOLD. Some could fault the Strong Buy rating that they cut,
but if you real the times and the sector, that was
reasonable enough and correct enough for overall sentiment and general projections.
Princeton, New Jersey, Jan. 26 (Bloomberg Data) -- JDS Uniphase Corp.
(JDSU US) was downgraded to ''hold'' from ''strong buy'' by
analyst Jordan Estra at Ryan, Beck & Co.
The market is about expectations, and I fully expect that WIT Soundview will continue to maintain BUY no matter what
type of warnings and write off happen. I don’t know why this is, but its my expectation.
But hey we just report the news our viewers should know, and because of that we report Analysts, because we think our views should have that information, its valueable to them.
So was it any "news" or any wonder that WIT Soundview continued it's BUY rating. Not unless you are a lame-O.
Wolff
See the parade of buy buy buy buy buy uhhhhh wait HOLD HOLDs below, for the Analyst still pushing the stock lets hope.
06/22/01 Buy Wit SoundView JDS Uniphase upgraded from Buy to Strong Buy at Wit SoundView
06/15/01 Buy WR Hambrecht JDS UNIPHASE CORP Reiterated Strong Buy at WR Hambrecht & Co.
06/15/01 Buy Robertson Stephens JDS UNIPHASE CORP Reiterated Buy at Robertson Stephens
06/15/01 Buy Banc of America Securities JDS UNIPHASE CORP Reiterated Buy at Banc of America Securities
06/15/01 Buy JP Morgan H&Q JDS UNIPHASE CORP Reiterated Buy at JP Morgan H&Q
06/15/01 Hold US Bancorp Piper JDS UNIPHASE CORP Reiterated Neutral at US Bancorp Piper Jaffray
06/15/01 Hold CSFB JDS Uniphase downgraded from Buy to Hold at CSFB
06/15/01 Hold SG Cowen JDS Uniphase downgraded from Buy to Neutral at SG Cowen
06/15/01 Hold ABN AMRO JDS Uniphase downgraded from Add to Hold at ABN AMRO
06/15/01 Hold Merrill Lynch JDS UNIPHASE CORP Maintained Intermediate term Neutral at Merrill Lynch
06/15/01 Hold First Union Securities JDS UNIPHASE CORP Reiterated Market Perform at First Union Securities
06/15/01 Hold Lehman Brothers JDS UNIPHASE CORP Reiterated Market Perform at Lehman Brothers
06/15/01 Hold Wachovia Sec JDS Uniphase downgraded from Buy to Neutral at Wachovia Sec
06/12/01 Hold Credit Lyonnais Sec JDS Uniphase initiated at Credit Lyonnais Sec with a Hold
05/31/01 Buy WR Hambrecht JDS Uniphase Reiterated 'Strong Buy' at WR Hambrecht
05/31/01 Hold CIBC Wrld Mkts JDS Uniphase downgraded from Strong Buy to Hold at CIBC Wrld Mkts
05/30/01 Hold Morgan Stanley DW JDS Uniphase downgraded from Outperform to Neutral at Morgan Stanley
05/01/01 Buy WR Hambrecht JDS Uniphase Reiterated 'Strong Buy' at WR Hambrecht
04/27/01 Buy Corinthian Partners JDS Uniphase Reiterated 'Buy' at Corinthian Partners
04/25/01 Buy Yorkton Securities JDS Uniphase Cut to 'Accumulate' at Yorkton Securities
04/26/01 Buy Dain Rauscher Wessels JDS Uniphase Cut to 'Outperform' at Dain Rauscher Wessels
04/27/01 Hold Sprott Securities JDS Uniphase Cut to 'Market Perform' at Sprott Securities
04/28/01 Hold GMP JDS Uniphase Cut to 'Neutral' at GMP
04/24/01 Buy WR Hambrecht JDS Uniphase Reiterated 'Strong Buy' at WR Hambrecht
04/24/01 Hold Raymond James JDS Uniphase downgraded from Strong Buy to Mkt Perform at Raymond James
04/24/01 Hold McDonald Investments JDS Uniphase Rated New 'Hold' at McDonald Investments
04/20/01 Buy WR Hambrecht JDS Uniphase Raised to 'Strong Buy' at WR Hambrecht
04/20/01 Buy Robertson Stephens JDS Uniphase upgraded from LT Attractive to Buy at Robertson Stephens
04/20/01 Buy Salomon Smith Barney JDS Uniphase Raised to 'Buy' at Salomon Smith Barney
04/20/01 Buy Salomon Smth Brny JDS Uniphase upgraded from Outperform to Buy at Salomon Smth Brny
04/20/01 Buy W.R. Hambrecht JDS Uniphase upgraded from Buy to Strong Buy at W.R. Hambrecht
04/17/01 Buy Corinthian Partners JDS Uniphase Rated New 'Buy' at Corinthian Partners
03/30/01 Hold Jefferies & Co JDS Uniphase initiated at Jefferies & Co with a Hold
03/28/01 Hold Merrill Lynch JDS Uniphase downgraded from NT Accum to NT Neutral at Merrill Lynch
03/22/01 Buy Robertson Stephens JDS Uniphase downgraded from Buy to LT Attractive at Robertson Stephens
03/07/01 Buy ABN AMRO JDS Uniphase downgraded from Buy to Add at ABN AMRO
03/07/01 Buy Thomas Weisel JDS Uniphase downgraded from Strong Buy to Buy at Thomas Weisel
02/28/01 Buy Sprott Securities JDS Uniphase Cut to 'Buy' at Sprott Securities
02/27/01 Buy Yorkton Securities JDS Uniphase Reiterated 'Buy' at Yorkton Securities
02/20/01 Buy Yorkton Securities JDS Uniphase Rated New 'Buy' at Yorkton Securities
02/20/01 Hold US Bancorp Piper JDS Uniphase downgraded from Strong Buy to Neutral at USB Piper Jaffray
02/16/01 Hold First Union Securities JDS Uniphase downgraded from Strong Buy to Mkt Perform at First Union Sec
02/14/01 Buy WR Hambrecht JDS Uniphase Reiterated 'Buy' at WR Hambrecht
02/14/01 Buy US Bancorp Piper JDS Uniphase Reiterated 'Strong Buy' at US Bancorp Piper
02/14/01 Buy SG Cowen JDS Uniphase downgraded from Strong Buy to Buy at SG Cowen
02/14/01 Hold Adams Harkness JDS Uniphase downgraded from Buy to Mkt Perform at Adams Harkness
02/08/01 Buy Sprott Securities JDS Uniphase Maintained 'Strong Buy' at Sprott Securities
02/07/01 Buy WR Hambrecht JDS Uniphase Reiterated 'Buy' at WR Hambrecht
02/07/01 Buy US Bancorp Piper JDS Uniphase Reiterated 'Strong Buy' at US Bancorp Piper
02/07/01 Hold BMO Nesbitt Burns JDS Uniphase Cut to 'Market Perform' at BMO Nesbitt Burns
02/06/01 Buy CSFB JDS Uniphase Reiterated 'Buy' at CSFB
02/05/01 Buy Deutsche Banc AB JDS Uniphase Reiterated 'Buy' at Deutsche Banc AB
01/29/01 Hold Lehman Brothers JDS Uniphase Reiterated 'Market Perform' at Lehman
01/26/01 Buy US Bancorp Piper JDS Uniphase Reiterated 'Strong Buy' at US Bancorp Piper
01/26/01 Buy CSFB JDS Uniphase Reiterated 'Buy' at CSFB
01/26/01 Buy Wit SoundView JDS Uniphase Reiterated 'Buy' at Wit SoundView
01/26/01 Buy Adams Harkness JDS Uniphase downgraded from Strong Buy to Buy at Adams Harkness
01/26/01 Buy CE Unterberg Towbin JDS Uniphase downgraded from Strong Buy to Buy at CE Unterberg Towbin
01/26/01 Buy Sands Brothers JDS Uniphase Reiterated 'Buy' at Sands Brothers
01/26/01 Buy J.P. Morgan JDS Uniphase Reiterated 'Buy' at J.P. Morgan
01/26/01 Hold Ryan, Beck JDS Uniphase Cut to 'Hold' at Ryan, Beck
01/25/01 Buy Salomon Smith Barney JDS Uniphase Cut to 'Outperform' at Salomon Smith Barney
01/25/01 Buy Salomon Smth Brny JDS Uniphase downgraded from Buy to Outperform at Salomon Smth Brny
01/25/01 Buy Noble Financial JDS Uniphase Reiterated 'Buy' at Noble Financial
01/22/01 Buy Wit SoundView JDS Uniphase downgraded from Strong Buy to Buy at Wit SoundView
01/11/01 Buy Global Capital Markets JDS Uniphase Rated New 'Buy' at Global Capital Markets
12/27/00 Buy Ryan, Beck JDS Uniphase Reiterated 'Strong Buy' at Ryan, Beck
12/26/00 Buy Deutsche Banc AB JDS Uniphase Cut to 'Buy' at Deutsche Banc AB
12/22/00 Buy Wachovia Sec JDS Uniphase downgraded from Strong Buy to Buy at Wachovia Sec
12/22/00 Buy Wachovia Secs JDS Uniphase Cut to 'Buy' at Wachovia Secs
12/18/00 Buy CSFB JDS Uniphase Reiterated 'Buy' at CSFB
12/12/00 Buy Ryan, Beck JDS Uniphase Reiterated 'Strong Buy' at Ryan, Beck
11/30/00 Buy Williams Capital JDS Uniphase Rated New 'Buy' at Williams Capital
11/14/00 Buy RBC Dominion JDS Uniphase Rated New 'Outperform' at RBC Dominion
10/27/00 Buy ABN AMRO JDS Uniphase Reiterated 'Buy' at ABN Amro
10/27/00 Buy Merrill Lynch JDS Uniphase Reiterated Near-Term 'Accumulate' at Merrill
10/27/00 Buy Sands Brothers JDS Uniphase Raised to 'Buy' at Sands Brothers
10/27/00 Buy National Bank JDS Uniphase Maintained 'Buy' at National Bank
10/17/00 Buy PaineWebber JDS Uniphase Reiterated 'Buy' at PaineWebber
10/11/00 Buy SG Cowen JDS Uniphase Rated New 'Strong Buy' at SG Cowen
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