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Politics : Formerly About Advanced Micro Devices
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To: Jim McMannis who wrote (147867)6/27/2002 1:54:28 AM
From: tejek  Read Replies (2) of 1584636
 
Out of Lucent, Corning, JDS Uniphase and Conexant...

Which ones will not go bankrupt and might be worth some bottom fishing?

My picks would be JDSU and CNXT. However, check out the numbers and see what you think:

**GLW: Cash: $1.8 billion
Total Assets: $3.7 billion

ST/LT Debt: $4.8 billion
Total Liabilities: $7.0 billion

**CNXT: Cash: $.260 billion
Total Assets: $.740 billion

ST/LT Debt: $.7 billion
Total Liabilities: $1.047 billion

**JDSU: Cash: $1.6 billion
Total Assets: $2.1 billion

LT/ST Debt: $.0006 billion
Total Liabilities: $.7 billion

**LU: Cash: $4.8 billion
Total Assets: $14 billion

ST/LT Debt: $3.4 billion
Total Liabilities: $20 billion

Understand that CNXT's numbers are pre-merger and spinoff. And the other caveat, JDSU and CNXT may well survive but they may not be the powerhouses they once were....it depends on the demand for fiber optic and wireless. Do we have enough fiber optic to last us for a while, and is wireless reaching the place where growth comes mostly from replacement?

Its hard to believe but in the 70's, they say companies like XRX and Polaroid and Eastman Kodak were the hi tech of that time......and look where they are today. Some did okay but others are nothing.

ted
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