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

To: Nikole Wollerstein who wrote (13687)	10/28/2000 10:11:04 PM
From: pat mudge	Read Replies (2) \| Respond to of 24042

"For the week JDS Uniphase, the biggest maker of optical components, fell 25 to 77.25 despite reporting better-than-expected profits of 18 cents a share in the latest quarter. . . ." First of all, I did quote Barron's correctly. Once again: JDS Uniphase, the biggest maker of optical components, fell 25 to 77.25 despite reporting better-than-expected profits of 18 cents a share in the latest quarter. Even if they had included the time frame, that's not important. What is relevant is the fact it did not fall because of its numbers. It fell because of NT's glitch and Wall Street's inability to see 90% y/y growth in optics as positive. Following JDSU's report, there was only one day to catch up and it wasn't enough. quicken.com A more accurate report would have said, "JDSU dropped 40 pts following the NT announcement and based on Thursday's earnings report rebounded from a low of 62 to close the week at 77 1/4." But that would have painted a completely different picture and ruined the author's thesis. Will JDSU rebound this week? I don't have a clue. I do know fiber optics components is the fastest growing sector in telecommunications today and when money comes back into the market, this will be a hard fact to deny. I don't want to pick a fight with anyone. I merely want journalists and analysts to keep their reporting honest. Tough, I know. Pat