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

To: Rob S. who wrote (11520)	7/19/2000 11:36:21 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 24042

By "bad luck" I meant momentum bad luck. Like having ETEK holders dump shares just as rally was pushing stock to 130, and then having SDLI announcement come out w/stock at 116. Nothing to do with fundamentals. As to overpriced, why, all the hot tech stocks are overpriced (even many non-hotties are)! JDSU no more so than CSCO since JDSU is growing much faster. Certainly JDSU multiple should come down eventually, as it "matures". But market unlikely to be overly harsh as long as top and bottom line momo maintain. Remember: The tulip bulb craze lasted like 70 or 80 years. But maybe that's just another herban legend. LOL!!!!!!!