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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Hank Stamper who wrote (455)	6/30/1999 12:17:00 AM
From: mariner	Read Replies (1) \| Respond to of 24042

David Since you've been claiming JDS/UNPH has been overpriced for at least 6 months now, perhaps you could let us know when you expect a reasonable 25 PE price? The combined company will grow on the order of 50% plus a year. JDS itself was growing around 80%. Last time I checked, the demand for their products was growing faster than the supply. While the stock is not cheap, anyone who has followed your counsel has lost a huge move over the past six months. I'm not trying to be sarcastic or attacking, but your waiting for a 25 PE is unrealistic and likely to keep you out of one of the most potentially rewarding tech issues going. From someone who bought at the depths of last fall's selloff, I will tell you that I haven't sold a share, and will continue to hold until there is a fundamental change in the requirement for JDS/UNPH products. I have not seen any indication of that to date. PS: For our US friends, has anyone confirmed that the combination forces a crystallization of your capital gains? I would have thought one could simply role over into the new venture since you haven't really disposed of your investment in the firm. (Note: as someone who is more focussed on the exchangeable shares, I might be off base here, cannot claim to have read the details on the US version of the new shares).

To: Hank Stamper who wrote (455)	6/30/1999 8:04:00 AM
From: wlheatmoon	Read Replies (1) \| Respond to of 24042

David, Well thought out scenario. UNPH is/will be a monster...but of course, things do change, just look at DELL,,,,supposedly the unbeatable monster has been tamed.... UNPH will be more affordable again,,,,I wouldn't use PE as an entry point, but rather the 50 or 200 day moving average. UNPH is a momentum stock now....it may take off and never look back,,,,just look at QCOM,,or it may crash and burn when the momentum players get bored. Personally, I would like to see a market correction to get in, but like many others, the hardest part is trying to be patient. If this stock never looks back and keeps flying, another train will come down the track. Best of luck. mike

To: Hank Stamper who wrote (455)	7/1/1999 1:26:00 PM
From: Pete Mimmack	Respond to of 24042

Fuel to the fire on "Buy now vs Buy later" : Message 10340946 One man's detailed story of buying/selling/buying/holding MSFT for years. It definitely can work to "just do it", but personally, I'm with you, Dave, in waiting for something more reasonably valued. I've had enough balloons pop on me that I'm willing to wait, accumulating the cash to buy an even bigger position in a stock that I have high confidence in being a good value that will provide a good return. There are many paths to riches. Pete

To: Hank Stamper who wrote (455)	7/2/1999 1:54:00 PM
From: Kayaker	Read Replies (3) \| Respond to of 24042

David..... some numbers for you. The PE ratio for UNPH at the end of June is expected to be 127.5, for Telecom equipment companies, it is 53.4, and for the S&P500 it is 28.5. UNPH looks high until you consider growth. Growth over the next 5 years for UNPH is expected to be 39.7% per year, for Telecom, 27.4%, and the S&P500, 7.0%. The PEG ratio for UNPH is 2.87, for Telecom, it is 5.24, and for the S&P500 it is 3.56. So, UNPH is cheap. biz.yahoo.com PS. Next time I take the ferry to Crofton I'll wave at you on my way through Duncan. Bob Salt Spring