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

To: pat mudge who wrote (2505)	12/2/1999 4:27:00 PM
From: Glenn McDougall	Read Replies (1) \| Respond to of 24042

RESEARCH ALERT-Gruntal starts E-Tek at outperform NEW YORK, Dec 2 (Reuters) - Gruntal & Co. said on Thursday it started its coverage of optical networking company E-Tek Dynamics Inc. (NASDAQ: ETEK) with a rating of outperform. -- Set long-term price target at $124. -- Set intermediate-term price target at $91. -- Set fiscal 2000 EPS estimate at $0.78. -- Set fiscal 2000 revenue estimate at $285.5 million. -- Set fiscal 2001 EPS estimate at $0.96. -- Set fiscal 2001 revenue estimate at $401.4 million. -- Set fiscal 2002 EPS estimate at $1.14. -- Set fiscal 2002 revenue estimate at $542.5 million. -- Set fiscal 2003 EPS estimate at $1.43. -- Set fiscal 2003 revenue estimate at $738.1 million. -- "E-Tek is a leading supplier of components, modules, and subsystems to dense wavelength division multiplexing (DWDM) and optical network system vendors. DWDM is an enabling technology to help service providers meet bandwidth demands." -- "We believe that E-Tek is the market share leader in couplers, isolators, and micro-optic integrated components." -- E-Tek was up 5-5/8 at 82-1/8 in early Thursday trading on the Nasdaq stock market. If this is where Gruntal thinks ETEK is going what does it say for JDSU? Regards Glenn