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

To: Ibexx who wrote (7162)	3/6/2000 4:32:00 PM
From: NTT	Read Replies (1) \| Respond to of 24042

Transcript of KK's CNBC interview a couple of mins ago: BILL: JDS UNIPHASE, ONE OF THE BEST PERFORMING STOCKS ON THE NASDAQ THIS YEAR. IN THE LAST TWELVE MONTHS, IT'S UP NEARLY 1200%. HERE'S A LOOK AT THE STOCK PERFORMANCE. THE STOCK CLIMBING FROM A LOW OF $23 ABOUT A YEAR AGO TO TODAY'S CLOSE. JOINING US NOW IS KEVIN KALKHOVEN, CHAIRMAN AND CEO OF JDS UNIPHASE, WITH US FROM BALTIMORE. WELCOME BACK. >> HI, BILL, THANK YOU. BILL: YOU'RE UP TO 10 GIGABYTE PER SECOND TECHNOLOGY NOW, RIGHT? >> THAT'S LATEST PHASE OF THE TECHNOLOGY, IT WILL GO EVEN FASTER IN COMING YEARS. BUT THAT'S WHERE WE ARE NOW. BILL: WHAT KIND OF PRODUCTS ARE YOU INTRODUCING THERE? >> WELL, IT'S MAINLY A RANGE OF PRODUCTS DESIGNED TO INCREASE BANDWIDTH BY HIGHER SPEEDS AND MORE LIGHT WAVES, BUT BASICALLY MORE BANDWIDTH. BILL: IS THAT WHAT WE WILL SEE HERE, A CONTINUED INCREASE IN BANDWIDTH AS WE GO ALOINING? >> ABSOLUTELY. BILL: WHAT IS THE MOORE'S LAW OF BANDWIDTH RIGHT NOW? FOR SPEEDS OF COMPUTER CHIPS THAT USED TO DOUBLE ITS CAPACITY EVERY 18 MONTHS, WHAT ARE WE TALKING ABOUT FOR YOU GUYS WITH BANDWIDTH? >> AT LEAST FIVE, SIX TIMES THAT RATE OF CHANGE, AT LEAST. MAYBE AS MUCH AS 10 TIMES THAT RATE OF CHANGE. SO IT'S BANDWIDTH IS GETTING TO BE BIG. BILL: LET ME ASK YOU ABOUT A BIG PICTURE QUESTION. FED CHAIRMAN GREENSPAN HAS BEEN TRYING, SEEMS TO JAWBONE THE STOCK MARKET LOWER WITH TALK OF HIGHER INTEREST RATES TO TRY AND COOL THE ECONOMY DOWN A BIT. BUT IT DOES NOT SEEM TO BE AFFECTING TECHNOLOGY STOCKS, YOUR COMPANY IS A VERY GOOD EXAMPLE. REALISTICALLY, FUNDAMENTALLY, AREN'T YOU GUYS AFFECTED IF INTEREST RATES GO UP AND SLOW THIS ECONOMY DOWN? >> THE ANSWER IS NOBODY REALLY KNOWS. THE DEMAND FOR BANDWIDTH SEEMS TO BE PRETTY INEXHAUST STIBL AT THIS MINUTE. WHAT IS HAPPENING AS WE PROVIDE MORE BANDWIDTH, ITS COST IS FALLING WHICH ALLOWS PEOPLE TO USE MORE. THAT'S THE SORT OF UNIQUE SITUATION WE'RE IN. MORE CAPACITY AT LOWER PRICES AND THAT SEEMS TO BE AT LEAST FOR AWHILE MITIGATING MR. GREENSPAN'S EFFORTS. BILL: YOU DON'T HAVE TO BORROW MONEY AS ANY POINT TO KEEP YOUR QL GOING HAD. >> NO, WE HAVE NO DEBT AND WE HAVE THE BEST PART OF A BILLION DOLLARS IN THE BANK, WE'RE OKAY FOR AWHILE. BILL: I KNOW THAT YOU'RE IN A WATERSHED PERIOD WHERE THE BUILDOUT CONTINUES FOR BANDWIDTH AS WE HEAD TO BROAD BAND TECHNOLOGY FOR HOMES AROUND THE COUNTRY. WHEN DO YOU FEEL WE WILL SEE THAT BECOME A REALITY FOR MOST HOMES IN THE UNITED STATES? >> WELL, I THINK IT'S GOING TO BE IN THE NEXT FIVE YEARS, THAT'S A HECK OF A GOOD QUESTION. THIS IS THE BIG BREAK THROUGH WE WILL HAVE IN THE NEXT FIVE YEARS IS GETTING MORE BANDWIDTH TO YOU AND I AS CONSUMERS, SOME WILL COME ON BROADBAND THROUGH CABLE SERVICES, SOME WILL COME THROUGH DSL TECHNOLOGIES, SOME, ONE OF THE REALLY EXCITING THINGS WILL COME THROUGH THE NEW RANGE OF THIRD GENERATION CELLULAR TECHNOLOGIES. AND IMAGINE THE BANDWIDTH REQUIREMENTS WHEN A BILLION PEOPLE START TO USE HIGH CAPACITY CELLULAR PHONES. BILL: MUCH HAS BEEN MADE OF THE BATTLE BETWEEN DSL AND CABLE TO PROVIDE BROADBAND TECHNOLOGY TO THE HOME, DSL TRYING TO RUSH THERE BECAUSE IT'S MORE EXPENSIVE THAN CABLE. CABLE HAVING ITS PROBLEMS GETTING TO THE HOME. DO YOU SEE A WINNER IN THAT? DOES THAT EVEN MATTER? >> ONE IS, I DON'T THINK IT MATTERS BECAUSE I THINK WE WILL SEE A COMBINATION, INCLUDING THE CELLULAR. SECONDLY, I THINK WHAT WILL HAPPEN IS THE FIRST SERVICE THAT A CONSUMER TAKES WITS DSL OR CABLE, IS THAT HIGH-SPEED BANDWIDTH IS THE ONE WE WILL END UP WITH, I DON'T SEE THEM SWITCHING. SHOULD BE A RACE TO SEE WHO GETS TO THE CONSUMERS FIRST BUT NOT FAR BEHIND IS CELLULAR, I THINK THAT WILL BE ALL-PERVADING. BILL: I KNOW YOU'RE ROOTING FOR EVERYBODY. MR. KALKHOVEN, THANK. >> THANK, BILL. >> KEVIN KALKHOVEN, CHAIRMAN AND CEO OF JDS UNIPHASE, WITH US FROM BALTIMORE.