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

To: pat mudge who wrote (14545)	12/1/2000 5:50:28 PM
From: t2	Read Replies (2) \| Respond to of 24042

Pat, It is sure easier for Fidelity to hold this stock at current valuations and the present growth rate. Even if JDSU revised revenues growth down to 105% (from 115%-120% range), I don't think we will see a selloff. The current valuation allows mutual funds like Fidelity to justify holding large positions in stocks like this. I am pretty sure many were dumping Intel and loading up on JDSU and a few other stocks that high growth rates--now at much better prices. I have avoided large positions in JDSU due to the high PE...while the internets were collapsing all around us. You need the support of stocks with even a higher valuation (such as internets)to justify holding real company stocks (like JDSU) having high PEs. The market looks really good. I think we will now see a leadership change in the Nasdaq also. JDSU is going to become a big position in many mutual funds again, IMHO.