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

To: sam who wrote (13594)	10/27/2000 11:15:21 AM
From: SouthFloridaGuy	Respond to of 24042

My point was that JDSU as well as the other optical stocks would have to shake out before they can go up again. I don't know why everybody takes what I say so literally. I recall somebody said JDSU should go to 150 pretty fast and I said it will see 50 before 150 because it sounded like a good comeback. If people start nit-picking numbers on a prediction made a quarter ago and based on a DIRECTIONAL movement that I felt would occur, then people should be investing low-yield bond mutual funds. JDSU hit 62 yesterday, that's fine enough for me to call a bottom. Once again, my bearishness in the past was based on a directional move in the whole optical sector which I believe has occurred.

To: sam who wrote (13594)	10/27/2000 11:34:47 AM
From: sam	Read Replies (1) \| Respond to of 24042

Nancy Lazar of IXI Group just on CNBC. Basically she claims there is a 40% chance of a recession...and that it could be averted if the stock market were to rise from here. THE STOCK MARKET. That's the main driver -- in her opinion -- for averting a recession (she calls it a "perfect storm"). Therefore, taking this theory one step further, I guess one can say that some of those shorting the market (particularly those taking large short positions) and/or attempting to scare people into selling stock are thus actively attempting to undermine the economy and even pushing the market into recession. Hmmmm Interesting take on who is the "heavy" in this crises. ;)

To: sam who wrote (13594)	10/27/2000 2:03:35 PM
From: pat mudge	Read Replies (1) \| Respond to of 24042

CSFB morning notes: >>> JDS Uniphase Corporation (JDSU, $74.44, BUY) Target (12 Months): $150 James P. Parmelee 1 212 325 6191 james.parmelee@csfb.com Another Impressive Quarter; Raising Estimates; Reiterate Buy. Excl one-time charges and amortization exp, JDSU posted FQ1:01 EPS of $0.18, above our $0.16 est and our previewed $0.17; Raising F2001 EPS est to $0.80 from $0.69 and rev est to $3.9B from $3.5B and F2002 EPS forecast to $1.10 from $1.00 and rev projection to $6.15B from $5.75B. JDSU EPS upside driven by strong 22.7% seq top-line growth to $786M vs our $750M forecast (previewed $770M); Sales strong across both active and passive components though WDM and 10Gbps products (incl modulators and APD receivers) particularly robust; LU, NT, and ALA were 10%+ customers (vs LU and NT in FQ4:00); Book to bill > 1. JDSU on track for goal of 4x capacity increase over 18 mo period via improved mfg processes, increased automation and outsourcing, and expansion of physical capacity; As anticipated, yields on thin film filters dramatically improved; New Shenzhen facility (350Ksq ft) slated for vol production by year end 2000 (slightly ahead of plan). Balance sheet strong; Accounts receivables DSOs increased seq to 58 days from 54 days and inventory turns improved to 3.9x from 3.4x in FQ4:00. JDSU continues to outpace expectations; View JDSU shares as a core investment holding given the company’s unmatched position in optical networking; Due to 17.6% arbitrage spread, SDLI represents attractive method of purchasing JDSU; Reiterate BUY.