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Technology Stocks : JDS Uniphase (JDSU)
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To: Kent Rattey who wrote (21342)8/24/2001 2:22:28 PM
From: sea_biscuit  Read Replies (2) of 24042
 
I don't need to go that far. I see that they have 1.32 BILLION shares. They have let go of half of their employees. Which means that they have a good idea of what their immediate future revenues will be like. Which in turn means that even if the stock sells for a buck, it will be selling at about 1.5 times annual revenues over the next year or two.

In a normal environment, the most promising tech companies sell for 6 times sales. And they tend to be small companies that have the potential to grow rapidly. This is not a small company and believe me, we are rapidly getting to normal market environments, even though we are not there yet.

So the downside potential for this is limited only by the number of fools who can buy the story. And a year from now, a lot of those fools would have wised up.
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