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

To: J Krnjeu who wrote (11727)	7/23/2000 3:43:37 AM
From: pat mudge	Read Replies (2) \| Respond to of 24042

You appear very well informed and I was wondering what are your other favorite stocks? Also, do you think this week would be a good time to sell some JDSU or hang on? Since being added to the S&P500 has nothing to do with a company's intrinsic value, the stock appreciation is artificial. Consequently, I believe this has to be factored in at some point. I'm certain the stock will be volatile but exactly when the action will turn negative, I don't know. An educated guess says after Thursday. Having said that, I have to keep in mind JDS could have stellar earnings which would trigger upgraded estimates and a plethora of buy recommendations. Once they're out and the S&P stampede is over, I suspect the stock will move more in sync with the Nasdaq. If you look at a chart for JDSU from mid-January when they annouced the ETEK acquisition up to it closing, they traded fairly closely: quicken.com Where will the stock settle before it begins trading in a more predictable range? I'll leave that to the TA folks to decide. You asked about stocks I like. In fiber optics, my other holding is NUFO. Its valuation is off the charts, so I'm not recommending it at these levels, but it's one to keep an eye on. In the xDSL space, I like VRTA and EFNT. The former was unusually strong on Friday and is slated to report on Tuesday. If you want a good semiconductor play, check out PSEM. Monday's IBD features them on the front page. From the report: "Pericom does not build integrated circuits for memory and data processing. It focuses instead on interface integrated circuits, which control the transfer, routing and timing of data within an electronic system. These circuits help move data between a system's microprocessor, memory and various perhpherals. . . . they make the chips that communicate data between the memory and a high-speed (central processing unit)." Cisco is their largest customer at 10%; others are IBM, Dell, Compaq, Apple, Qualcomm, Hewlett-Packard, Sony and Cabletron. Again, I don't know if this is a good time to buy as I don't know what multiples are acceptable in the semi space. Incidentally, I discovered PSEM at the AEA microcap conference in Monterey a year ago. And it was at another AEA conference, November '98's Classic in San Diego, that I discovered SDLI. I now make it a point to attend every year. I hope off topic discussions are okay on the week-end. :) Pat