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

To: Glenn McDougall who wrote (4948)	1/22/2000 9:54:00 AM
From: John Carragher	Read Replies (2) \| Respond to of 24042

Barron's interview with Strong Growth Stocks fund manager. some comments.... While Ognar has backed away from pure Internet plays, he is stepping up on what he calls the "arms dealers" of the Internet: infrastructure companies. There's no one in that group better positioned than JDS Uniphase, Ognar says. The company makes parts for fiberoptic data transfer, which will be the conduit for information exchange over the Internet. A shortage of these components, which caused Lucent to miss earnings estimates last quarter, is a sign of pent-up demand. "There's a great 10-year period ahead where they [will be] a leader in fiberoptic components, a leader in application laser technology." He thinks that JDS Uniphase can increase earnings in excess of 50% during the next five years and is considering bumping up his price target of $250 a share and keeping the stock. Ognar thinks the acquisition of E-Tek Dynamics, announced last week, will only help the stock by adding critical mass. The combined company will have 70% market share in the white-hot sector. JDS Uniphase is a core holding, so Ognar doesn't tinker with it much, but he would add to it if the price dipped. Ognar also views JDS Uniphase as a strong candidate for inclusion in the Standard & Poor's 500 Index. If it were included in the benchmark, index players would have to step up and buy, which would give JDS shares a huge boost. DAVID FRANECKI covers mutual funds for Dow Jones Newswires.

To: Glenn McDougall who wrote (4948)	1/22/2000 11:59:00 AM
From: t2	Read Replies (1) \| Respond to of 24042

Unlike the companies behind many high-flying tech stocks, analysts agree that JDS is the real deal -- no dot-com fluke or trick of the light, but a reflection of an excellent company, with excellent products in an excellent market. Great article. I found the above comment represents how i feel about the company. I think most shareholders of JDSU/JDU are probably not big investors in dot.com companies. They just recognize the making of a CISCO or INTEL. Personally, i don't invest much in dot.coms type of high fliers either. Compared to the internet stocks, this one is dirt cheap. Still remember KK's comments about this not being an industry where some college kid set up operations, referring the internet companies. The high barriers to entry and the incredible growth makes this company and the industry the place to be.