JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: Kent Rattey who wrote (21647)	9/19/2001 10:32:23 AM
From: szabel	Read Replies (1) of 24042

The most poorly mismanaged company in the market. Shorts most reliable haven Fiber-optic equipment maker JDS Uniphase said Wednesday it would take more writedowns than anticipated in the current quarter as a result of its declining market capitalization. The Canadian-based company said it could face additional charges in the quarter and for the fiscal year as a result of early reductions of about $4.2 billion in goodwill for the year ended June 30 and about $1.1 billion for the quarter ended March 31. The company also anticipates additional writedowns for the quarter ending Sept. 29. As a result of the writedowns, JDS Uniphase (JDSU: Research, Estimates) said it took a $76 million charge for increased inventory and reserves. The company also reclassified the writedown of about $512 million in the fair value of common stock it owns in Nortel Networks Inc., from an unrealized to a realized loss. JDS shares fell 11 cents to $5.24 in before-hours trading Wednesday after a 5-cent drop Tuesday.

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