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

To: t2 who wrote (5265)	1/26/2000 7:42:00 PM
From: Walcalla	Read Replies (1) \| Respond to of 24042

----------------------------------------------------------- 4. JDS Uniphase Makes the A-List (JDSU) Investment newsletter maven Gregory Spear just added JDS Uniphase (JDSU) to his A-List Model Portfolio. Spear's A-List consists of stocks recommended by at least four of his favorite newsletters, and he added JDS Uniphase after the stock earned a thumbs-up from Timer Digest. JDS Uniphase offers a one-stop shop for companies that need equipment for fiber optic networks. The firm dominates the field over such big league competitors as Lucent and Alcatel. Spear likens JDS Uniphase today to the go-go days of the PC industry. For instance, people greeted the 80 megabyte hard drive with skepticism: "you'll never be able to use all of that space." Today, hard drives are measured in gigabytes, not megabytes, but demand continues to rise. For the same reason, Spear scoffs at those who fear a bandwidth glut in fiber optic networks. "Inexpensive bandwidth, like inexpensive data storage, manufactures its own demand," Spear says. He quotes analysts that predict $15.8 billion in fiber optic component spending in 2000 and $739 billion by 2025. Spear expects "tremendous performance" if JDS Uniphase can hold on to the lead. Today's results hint at what's in store, Spear says. For its most recent quarter, JDS Uniphase reported a 104% rise in net sales and a 121% increase in earnings to $0.29 per share (excluding merger-related costs). Shares of JDS Uniphase has responded in kind, so Spear recommends investors average into the stock. "But don't wait too long to get a full position in this backbone leader," Spear says. "Be prepared for volatility and don't let it shake you out of your position. This is a keeper."