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

To: Guy Gordon who wrote (4483)	1/15/2000 1:01:00 AM
From: Jack T. Pearson	Respond to of 24042

The greatest thing we have going for us is that Greenspan is a gradualist. Absolutely! But I don't think Greenspan is worried about shocking the market. It takes four to six months for the effects of a rate increase to become fully effective in the economy. It is better to make a series of small changes rather than a few big ones when you won't see the results for six month. That way, if he overdoes rate increases, it won't be as hard to correct the error. It may not have anything to do with the market.

To: Guy Gordon who wrote (4483)	1/15/2000 1:28:00 AM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 24042

The Friday issue of Investor's Business Daily listed JDS Uniphase Corp as one of the top new buys by top-rated mutual funds. 74 funds bought $3.099B during the latest reporting period. Only Qualcom and Nokia had larger $ buys by the funds. Only EMC, Sun, Cisco, and Amgen had more of these funds buying. That is out of 130 top stocks. Of course, this data probably reflects what happened in Dec. Also in same issue of IBD, PBHG Large Cap 20 Fund manager, Michael Sutton, was asked what his top holding is. His reply: "Right now it's JDS Uniphase, which was purchased in June. It's the clear leader in the optical components market, which can reach more than $10 billion in 2000. That represents 75% to 100% growth over 1999 growth. We expect JDS' revenue to be up over 100% year-over-year. This is a company with a great management team that's executing. Valuations look stretched, but it would be our argument that the fundamentals will catch up with that."