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


To: tensforme who wrote (1762)11/5/1999 12:05:00 AM
From: t2  Respond to of 24042
 
biz.yahoo.com

Thursday November 4, 11:35 pm Eastern Time
JDS Uniphase hasn't hit the roof --BusinessWeek
NEW YORK, Nov 4 (Reuters) - Despite a dizzying price-earnings ratio of 147, fiber optics maker JDS Uniphase Corp. (NasdaqNM:JDSU - news) has a way to go, a capital management officer told BusinessWeek.

Robert Gillam, president and chief investment officer at McKinley Capital Management, told the magazine that he believes JDS' stock, selling Thursday at $191-7/8 can go further.

The company has $1 billion in cash and its pro forma sales jumped 104 percent, to $230 million from $113. Profits rose to $51 million, or $0.29 per share, from $23 million or $0.14 per share, BusinessWeek said.

Gillam told the magazine that JDS is poised to compete with the giants, such as Lucent Technologies (NYSE:LU - news) Inc.




To: tensforme who wrote (1762)11/5/1999 1:25:00 AM
From: DOUG H  Read Replies (1) | Respond to of 24042
 
That's what I've been looking at today. I'll let you know what I find.



To: tensforme who wrote (1762)11/5/1999 11:27:00 AM
From: TI2, TechInvestorToo  Read Replies (2) | Respond to of 24042
 
Greetings to thread, I find my way here from the chip and chip equipment end of the industry. Trying to diversify more into the net side of the output of my other holdings. I have a lot to learn. In my research today, learned that RFMD and ORTL are rising in sympathy with JDSU as secondary play. Any guesses on technical entry point for JDSU? 180 maybe (when the market gets scared again about something).
TIA
TI2