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Technology Stocks : JDS Uniphase (JDSU)
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To: Cary Salsberg who wrote (20985)7/29/2001 12:02:42 PM
From: Sam2482  Read Replies (1) of 24042
 
Cary, I think given the info that I have JDSU is making making "bold" moves to streamline itself for the future. I believe JDSU will effectively be downsizing by 55% of its staff. SUNW won't layoff despite falling business. Don't forget even with all the bad news or should I say accounting moves they still substantially increased their cash position. I prefer cash too a fluffed up balance sheet loaded with goodwill that didn't exist. The big #'s make for good headlines but the fact is they increased their cash position. Time will tell but any shorts that are hanging around are hoping for a few bucks at best while their risk is enormous. The smart shorts were there when the stock was bloated at over $100. I doubt given the current risk/reward ratio's that the smart ones are still hanging on. Just my view.
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