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Technology Stocks : JDS Uniphase (JDSU)
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To: puborectalis who wrote (20971)7/28/2001 5:30:34 PM
From: Sam2482  Read Replies (4) of 24042
 
It looks like we have a solid floor in the $8.00 area. If I was short I would be covering in a hurry. Not much downside left from here. The news and results couldn't get much worse and the stock held in this area. Any surprising good news will make the stock pop up.

I like the bold moves the company is taking to position itself for rapid growth when the demand picks up....compare this mgmt to sunw who despite the business slowdown will not make the necessary cutbacks. The billions of dollars were never there....just accounting. JDSU cleaned up the overstated "goodwill"...good timing to do it. Other companies should follow. GLW is anther co that let it all hang out and the stock is actually climbing.
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