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Technology Stocks : JDS Uniphase (JDSU)
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To: ownstock who wrote (23204)12/26/2002 6:36:11 PM
From: Lizzie Tudor  Read Replies (1) of 24042
 
Don and Jozef are leaving. Their end dates are set but not announced. If there ever was such a thing as an officer of the company saying the party is over, that is it.


Really?! GREAT NEWS! (if true)

Actually it doesn't always mean the party is over when the CEO leaves. Look at yahoo last year as an example. In this case maybe moral will rise with Josef gone, at least there will be fewer insider sells.

I have found P/S to be useless for companies with so much cash, btw. The bearish argument is that no=profit companies will burn through all their cash, but in most cases that isn't reasonable. The best thing is to net out the cash and THEN look at the P/S... the old "enterprise value" argument. jmo.
Lizzie
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