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

To: red jinn who wrote (6518)	2/20/2000 1:22:00 PM
From: Cyrus Mashhoodi	Respond to of 24042

Today's NYTIMES article:Here is a portion of the article Liz Ann Sonders Campbell, Cowperthwait Pick: JDS Uniphase Maybe it's because she just had her second child, a girl. But Ms. Sonders does not quarrel with the notion that buying and holding a stock for 10 years is a little like parenting. "It won't all be great, and you have to be nurturing," she said. Ms. Sonders is a managing director and a member of the investment policy committee at Campbell, Cowperthwait, a money management firm in New York that is a division of the United States Trust Company. The firm, which manages $4.5 billion, mostly for high-net-worth individuals, has an impressive track record; its gains last year exceeded 55 percent. Much of the appreciation is a result of big investments in technology stocks, which now make up nearly 60 percent of the firm's model portfolio. "To me, it is fairly easy to suggest that technology will be the area that will be the big winner" over the next decade, she said. "In general, it is where you want to look for opportunities." It is also the space that JDS Uniphase, Ms. Sonders' top buy-and-hold pick, occupies. The company, which makes fiber optic products for telecommunications and cable television companies worldwide, is one of the market's darlings, returning 984 percent over the last year. "It is the marriage of a great company and great management with great industry fundamentals," Ms. Sonders said. "At a minimum, the fiber optic component market is expected to quadruple in size over the next three years. The only hindrance is that there is too much demand." Of the companies that compete in this market, JDS Uniphase "has the broadest product line," Ms. Sonders said. "They are the dominant player in terms of scale and size, and their earnings will grow at a 50 percent annual rate over the next three to five years," she said.

To: red jinn who wrote (6518)	2/20/2000 1:48:00 PM
From: Mehitabel	Read Replies (1) \| Respond to of 24042

Exactly so, red jinn. Thank you for expressing so clearly the objection some of us have to any one person, however gifted, arrogating to himself the right and power to control the whole economy. regards

To: red jinn who wrote (6518)	2/20/2000 7:40:00 PM
From: Bill Holtzman	Read Replies (2) \| Respond to of 24042

OT Why do you think Greenspan thinks he can control the economy? He's just a man doing the best he can. His best happens to be better than most. Show me where he said he thinks he "owns" the economy. He's about as humble as a guy in his position can be. The people who dislike him generally dislike the admiration he gets and project it onto him as arrogance. What other public officials do you see on CNBC trotting across a street in a "Columbo" trenchcoat looking like someone's grandfather? As far as those who question him, I put Greenspan ahead of the Nobel winners. The fact that they come out with arguments against him is nothing more than competitiveness in their own field. Don't you think Dan Marino always wanted to beat Elway? I restate my point that the guy who actually performs at the highest level, especially for many many years, has no peers. These other people may have the talent of Greenspan, but they haven't had the opportunity to prove it at his level. It's not necessarily their fault, but it's the way it is. Until they do their opinion means little to me. Yes I haven't refuted Kudlow. I'm not an economist and don't pretend to be, unlike some on this thread. I view things through my own frame, which has more to do with human nature and is unique to me. If I had economist credentials as you appear to, I might feel differently but I don't think it would be that substantially different. Regards Bill

To: red jinn who wrote (6518)	2/20/2000 11:35:00 PM
From: Tulvio Durand	Respond to of 24042

From my limited Econ 101 exposure, Planned Economy never has worked well for long (USSR being one of the more recent examples). Yet the urge persists in FOMC and Greenspan in particular to "tune" the economy as if anyone could possibly understand the system well enough to do so, or to use interest rates as the solitary tool in attempting such control. "Laissez Faire" or hands off has worked best. What's so wrong with leaving interest rates alone until we see at least some inflation occuring? Does anyone believe that the raising of interest rates has been directly responsible for preventing inflation thus far, and that we need more of the same? Are we crediting the rooster (Greenspan) for bringing up the sun? Greenspan should, himself, take a hike. Tulvio