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

To: michael a. rowe who wrote (7115)	3/5/2000 3:03:00 PM
From: Tech Bull	Read Replies (1) \| Respond to of 24042

Folks, You are unnecessarily beating down on Gregory when his is trying to make a valid point. I have been watching the argument and tend to agree with Gregory. Before you go ahead and open your mouth, yes I do own JDSU (and even better I own ETEK from when it was in 20's) and also CSCO. I think you can do a trivial math to figure out how growth,PE, share price and market cap are all related and tell the same story through different numbers. You are talking about JDSU's 100% growth rate. I guess you have no idea that it is more difficult to grow from 100 billion to 1 trillion then from 1 billion to 100 billion. To give you a simple example, you may be good at making 100% return on your investment when you have $10,000. But can do you the same when you have 1 million? And how about when you have 100?? No growth can keep growing unless the market keeps growing and there is no new competition. Sooner or later one of these two things put dent on everyone's growth. Sometimes it can take 10 years but it happens to everyone. To INTC, MSFT and CSCO and it will happen to JDSU too. Every company tends to get saturated at the top. CSCO in it's heydays (like JDSU's now) was growing even faster then what JDSU is doing right now. Same story with MSFT. And look at the return on MSFT for past one year. Things tends to grow slowly when they become big (need I explain this more to you?). When JDSU is at 200billion it will take longer for it to go to 400 (much longer then you think) then it will take to go from 100 to 200. So unless you have a sensible refutation to Gregory's argument don't just hand wave and say whatever you feel like. Make a meaningful statement if you want to. That is the only way to get your point across. Over and out. TB ps: DWDM market is big but not infinite.