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

To: Joe S Pack who wrote (11316)	7/12/2000 2:14:52 PM
From: FlameMe	Read Replies (1) \| Respond to of 24042

I agree that Cramer is wrong and just knee-jerking on this deal. But, his fund has outperformed the dow and s&p every year since it was founded in 1988 except one. Not bad.

To: Joe S Pack who wrote (11316)	7/12/2000 4:13:16 PM
From: t2	Respond to of 24042

Nat, I think Cramer is very sharp at absorbing market information. I usually agree with his tech stock purchases. He made an excellent call on Yahoo stock in his trading diary. Even though he is long JDSU and now SDLI as well, I don't think he is any expert on the deal. I would note that he stated that he repurchased the JDSU shares he had sold earlier on the merger news---after that article was written (per his trading diary on realmoney.com). The legal advisors for JDSU (forgot the name of the firm) and Sullivan and Cromwell (I think that is the name of SDL's advisors) are probably better qualified to figure out what will get through. I also think JDSU/SDLI are trying to use the upcoming elections to their advantage. Maybe the DOJ unwilling to create a stir in an industry that this not impacting consumers directly, may actually want to allow this through. Otherwise their buddy, Al Gore might get some of the blame. Remember this is a widely held stock among retail investors. I don't think JDSU management is being given any credit for doing this deal. Even though I disliked it for the short term, I realize JDSU would only have undertaken this if it was in their best interest. Remember the big thinkers at JDSU probably also big shareholders. Look at what they have done with this company in the last year or so. I think they will prove how good a deal this was. Even if they think it may not pass the regulators, they are able to keep SDLI out of the hands of GLW etc. That in itself was a great idea especially if SDL's technology is as good as analysts have stated.