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

To: sam who wrote (12566)	9/12/2000 6:34:47 PM
From: Ben Wa	Read Replies (1) \| Respond to of 24042

Message 13853783. Then in Barron's this past weekend, some guy named Kevin Landis says "The nightmare scenario is that somebody else comes along and solves the mass-production problem early on and just simply outgrows them." Does Landis read this thread?

To: sam who wrote (12566)	9/12/2000 7:00:40 PM
From: sam	Respond to of 24042

JDS says production plans on track as stock pounded (UPDATE: In U.S. dollars unless otherwise noted) By Susan Taylor OTTAWA, Sept 12 (Reuters) - JDS Uniphase Corp. (Toronto:JDU.TO - news) (NasdaqNM:JDSU - news), the world's largest supplier of fiber optic components, assured analysts on Tuesday that its massive expansion push was comfortably on schedule, but despite the positive news the company's shares took a beating. JDS, which produces equipment that boosts the capacity and speed of fiber-optic networks, has set a target of quadrupling its production every 18 months in order to meet booming demand. JDS management told about 200 analysts at a production plant outside Ottawa on Tuesday that it was meeting that goal through a combination of tactics that includes outsourcing, automation, and improved product design and plant layout. The company, which has said its biggest problem is coping with a rapid rate of growth, said that some production at its Ottawa-area plant is running at five, rather than seven days a week. The gain in capacity by moving to seven-day production ``does not warrant the investment that we'd have to put in place,'' said Maurice Tavares, who was appointed as president of the company's fiber products group on Tuesday. But shares in JDS took a drubbing on Tuesday, slipping about 6 percent. The stock shed C$8.85 to end at C$153.65 on the Toronto Stock Exchange and lost $6-9/16 to close at $103-3/16 on Nasdaq. A string telecommunication equipment companies have been sinking amid investor jitters that spending will slow among major telecom customers. Jozef Straus, the chief executive of JDS, said such worries were misplaced. He said he will deliver a speech to analysts on Tuesday night comparing market demand to the Jolly Green Giant. ``We provide the peas into the belly of the giant,'' Straus told Reuters. ``Well, the belly's only one-tenth full.'' JDS management also told analysts that it remained confident a merger with SDL Inc. (NasdaqNM:SDLI - news) that was under review by U.S. antitrust authorities will close by the end of December. JDS has offered to pay $215 million in cash to five executives at SDL upon completion of the deal, according to documents filed with the U.S. Securities and Exchange Commission. Chief financial officer Tony Muller also said that JDS is still confident it will meet revenue growth rates in the high-teen percentage rate in its upcoming first quarter. The company, which counts network equipment suppliers Lucent Technologies Inc. (NYSE:LU - news) and Nortel Networks Corp. (Toronto:NT.TO - news) (NYSE:NT - news) as its two largest customers is experiencing dramatic increases in demand. In its previous fourth quarter, for example, revenues grew 143 percent over last year, factoring in acquisitions. JDS, which has its corporate headquartered in San Jose, California, with the bulk of its operations in the Ottawa area, announced several senior management appointments on Tuesday. The company appointed David King as president of its semiconductor products unit, which includes all fiber-optic amplifier modules, and Tavares to the fiber-optic group, which now includes products from the acquisition of E-Tek Dynamics. biz.yahoo.com