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

To: Nichols who wrote (6275)	2/14/2000 11:53:00 AM
From: Ibexx	Respond to of 24042

Nortel announces expansions: _____ Monday February 14 11:29 AM ET Nortel to Spend $260 Mln on Optical Push By Susan Taylor OTTAWA (Reuters) - Nortel Networks Corp., one of the world's largest communication equipment makers, said on Monday it will spend $260 million and hire 3,400 staff to meet blistering demand for its fiber-optic network gear -- just three months after announcing a $400 million expansion. Nortel (Toronto:NT.TO - news)(NYSE:NT - news) now forecasts 30 percent growth in its production of fiber-optic products in 2001, up from the $10 billion that Nortel said it will ship to customers in 2000. ``The $10 billion number that we've quoted is what we expect our revenue in optical systems to approach... and that is a production-limited number,' said Nortel Chief Executive John Roth in a conference call with media and analysts. ``Demand from our customers is actually in excess of that.' Nortel said on Monday that it will spend about $64 million on two facilities in England, at Paignton and Monkstown, adding 900 jobs. In Ottawa, $102 million will be invested and 1,000 more jobs created, and in Montreal an $84 million expansion will add almost 1,000 jobs. Other Nortel facilities will see about $10 million in spending and 450 new jobs. Globally, 3,400 positions will be created in manufacturing, engineering, supply-chain management and customer service. ``In total, within a three-month period, we will have invested about $660 million, in excess of 8,000 jobs, all to service Nortel's rapidly growing optical business,' Roth said. ``This expansion will result in an approximately 30 percent increase over and above the increases we announced last fall -- which were about a six-fold increase in our ability to produce optical systems.' Nortel's previously announced expansion will be in place by this summer. The expansion announced on Monday is likely to be complete by year's end. Some analysts have said that Nortel has suggested during its roadshows that optical sales could surpass projections of $10 billion by $2 billion to $3 billion. ``To the degree that we can over-achieve our capacity-increase plan, we'll in fact maybe do better than the $10 billion,' Roth said during the call. ``But at this point that's a pretty aggressive number as it is.' The expansion signals sustained strength in Nortel's optical network sales, said John Wilson, analyst at Bunting, Warburg Dillon Read in Toronto. ``It's just booming, booming, booming,' he said. ``We've been hearing for a while on this roadshow that they've been talking about doubling again of capacity...when you're doing that, you're just basically flat out, booming.' Nortel shares rose to C$176.95 on the news on Monday morning before pulling back to C$172 on the Toronto Stock Exchange, a gain of C$1.25. In New York, the issue moved up to 121-3/4 then slipped to 118-3/8, a gain of 1/8. Two other announcements also helped lift its shares. Nortel said on Monday it had struck a sales deal with GTE Corp. (NYSE:GTE - news) for fiber-optic equipment that can carry up to 160 gigabits of data per second in metropolitan areas. It is the first major sale since Nortel purchased that technology from Newbridge Networks Corp. (Toronto:NNC.TO - news) affiliate Cambrian Systems Corp. in December 1998. GTE said it will offer advanced optical services in metropolitan centers in Washington, California, Virginia, and Florida. Nortel also announced a broad patent cross-licensing agreement with Tellabs Inc. (NasdaqNM:TLAB - news), which sells voice and data network systems, in which the two firms will have rights to each other's patented technology including optical networking gear. Nortel did not disclose the net royalty it will receive under the deal. Ibexx

To: Nichols who wrote (6275)	2/14/2000 12:09:00 PM
From: Eski	Read Replies (1) \| Respond to of 24042

I think he's the JDSU cheerleader.

To: Nichols who wrote (6275)	2/14/2000 2:25:00 PM
From: t2	Read Replies (1) \| Respond to of 24042

With all due respect, you do realize that stock such as JDSU do not go straight up? you do realize that they correct, often? you do realize that JDSU could stay in this trading range for some time? Absolutely! That is why I have been saying that the weeks before a stock split will be the key for the next phase of JDSU's upward move. I had been hoping for it to stay around the 200 range until it gets set for the upward move. You will also notice that I have not been saying the stock will go up imediately for quite some time. 2 weeks before the stock split should be the best move up. It could start moving ahead of the shareholder approval of the increase in shares next Friday. I am basing this on the pattern it showed in December. you do realize at the end of the year it could even be lower than it is today? Sure it could but I expect it after a split or two.<g> I ask you these questions because your posts seem to reflect an attitiude that gravity will move this stock higher, that JDSU MSUT go higher. It was a few short weeks ago when JDSU was at its high of 248, when you predicted we'll hit 275 by earnings. Ever since then you've been beating the drum, almost daily, that "JDSU is in a good position for a move." If I offended, I am sorry, but its getting tiresome. (BTW, JDSU is my 2nd largest holding) Nichols, I did hit my year end target before the stock split in December of 300. I picked that price when the stock was around 220 less than a month before the split date. So I missed the earning price target. I try to be right more times and that is my secret to making money. 70% or higher accuracy is all I aim for (although i think i am doing better than that<g>). Much of the gains in December ahead of the split killed a rally going into earnings in January. I am very confident of a big gain ahead of the split. My reasoning is partly due to how the sector itself has been doing lately. Until now, there had been no reason to rush and buy JDSU. The volume has stayed low. It is just a reality that these types of stocks trade with momentum and stocks splits do create that momentum. They do not go up steadily like a GE for example. It shares the top spot in my portofolio along with GLW. I am not ready to dump it. Instead, I try to pick up more on any buying opportunity. You should know that the Furukawa selling has been a huge barrier to overcome. I am just stating that it is temporary. That is my opinion and that is why I have been saying. My conclusion: The stock rallies big time in the 2 weeks ahead of the stock split in a big way and also rallies somewhat next week. Investors realizing this pattern may want to start buying late this week. I am just stating what I think the stock will do. I welcome any views that disagree with me. If i am wrong, you can be the first to tell me when the stock splits. I cannot image a price below 260 but I won't predict an upper target yet. Good Luck with your JDSU. I feel you will do well with it. I don't mind hearing your opinions on the way the stock is moving or will be moving. Much of our predictions are based upon what we seeing in the markets etc... BTW--I am still sticking to my belief that the S and P 500 addition when it happens will either jump start the stock (if it happens in the next week or so) or if it happens later, will help push this stock higher.