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

To: SJS who wrote (8852)	4/14/2000 5:26:00 PM
From: t2	Read Replies (2) \| Respond to of 24042

Steve, I don't think the individuals are the ones sinking this market. I strongly believe it the mutual funds with incredible gains raising cash for better bargains. If you had a 12 month return as a fund manager of 100 to 200% and felt nervous, what would you do? That is probably what kept the market heading south this past week. It was fear but it was with the aggressive growth fund managers. Maybe even some hedge fund problems--who knows? That still means there is lots of cash waiting for the opportunity. That could be another factor in the idea that a bottom has been hit. Again, yesterday's close was the bad sign that did it for. Today's close gives one reason for optimism. Put/call ratio very high---.9. Remember the brokerages suffer as well. Their stocks prices are going to get hit as hard as the big tech stocks due to lower underwriting fees etc... Many strategists will reallocate their model porfolios by sometime next week. There is no doubt about it. That is why I am still taking a long term bullish view on the big tech stocks and might even consider buying some of the market leaders in the new economy. I bought back some of what i had sold for that reason.

To: SJS who wrote (8852)	4/14/2000 5:29:00 PM
From: Jeffrey James	Read Replies (1) \| Respond to of 24042

So what is a reasonable P/E and price for JDSU? It was in the 200s, which was a bit over the top. Now it is 50% down from the high. As Etek showed, the market for optical widgets is growing fantastically (Etek up 83%) and customers are screaming for the parts. JDSU will do as well. In a week, JDSU will have another fantastic quarter under its belt, adding to the E line, bringing the P/E down again So, how does the math work? What is "fair" for a company like this? You can't look at JDSU in the same way as your electric utility. Inquiring Minds Want to Know (tm)