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

To: Stocker who wrote (15310)	12/23/2000 3:13:19 PM
From: Stocker	Read Replies (1) \| Respond to of 24042

Wait Greg ....now I see what seems to have started it all. Here's the piece quoting "one hedge fund manager who has no position in JDS or SDL". This wasn't written by Cramer but another reporter at TSC. Anyway, I don't agree with this practice either. I hate when reporters use annonymous sources. JDS Misses Out on Optical Fun Amid Growth Worries By Scott Moritz Senior Writer 12/22/00 4:42 PM ET Concerns blew like snowflakes around Wall Street Friday as investors turned cold on JDS Uniphase (JDSU:Nasdaq - news) over the optical component maker's growth prospects. Deutsche Banc Alex. Brown analysts told investors that JDS would likely meet earnings and revenue expectations for its current fiscal second quarter, but that the company may lower its forecast for next year. That set off the selling Friday afternoon, as JDS shares swung more than $10 from an intraday high of $48 to a low of $37. JDS closed down $2.12, or 5%, at $40.93 on a day when other optical plays rallied sharply. Some investors have asserted it is only a matter of time before JDS starts to experience the spending slowdown that has already rocked big buyers such as Nortel (NT:NYSE - news) and Lucent (LU:NYSE - news). One of the leading concerns is that JDS will have flat sales in the first quarter of 2001 as its buyers work through their presumed oversupply of lasers and amplifiers used to operate fiber optic networks. Those concerns are compounded by the overhanging worries about component supply inevitably outstripping a slackening demand along with a longer than expected SDL (SDLI:Nasdaq - news) merger review process. All these pressures have weighed on the stock amid a prolonged tech selloff. JDS is now trading at its lowest level for the year. "Investors have concerns about sales into Nortel and Lucent with the understanding that the components folks feel it last," says James Jungjohann of CIBC World Markets, referring to the pattern of shortfalls that ripple down the chain of suppliers. Jungjohann says he's confident JDS will meet expectations for this quarter and next year. "The 80-cent-per-share earnings target next year is quite doable, even in today's market conditions," says Jungjohann, who has a strong buy on JDS. CIBC advised JDS in its merger with SDL. But some investors say that JDS must address the looming slowdown to maintain credibility with the Street. "I think if they need to come clean and admit that they are going to be affected by the inventory correction, just as their customers are affected," says one hedge fund manager who has no position in JDS or SDL. "I'm sure they will give a bullish long-term view and say that the second half 2001 looks great," this same manager continues. "But the market probably won't give them credit until that scenario becomes more obvious." Other fiber optic outfits staged strong recoveries Friday after a week of downtrends. Corning (GLW:NYSE - news) shares rose $1.75, or 3%, to $56.25; Ciena (CIEN:Nasdaq - news) rose $17.12, or 29%, to $77; and Nortel added $1.19, or nearly 4%, to $32.37.

To: Stocker who wrote (15310)	12/23/2000 11:30:42 PM
From: Quad Sevens	Read Replies (2) \| Respond to of 24042

Cramer's dishonesty: On December 15, Cramer wrote When the semiconductor world was unraveling, I backed Jon Joseph's call to get out of the group. I took a lot of heat here. I didn't want to open my mailbox. I was too timid in retrospect because of that heat. ----------------- I had a distinct memory of almost the opposite. Fascinated, I did some research. Cramer is either a liar or out of touch with reality. July 5 Cramer, writing in Street.Com: And, no, I don't agree with him [Joseph]. I bought stock on the downgrade. I made that plain. (Although I sold some of that stock already, as I said, I was long the group and remain so and didn't want more exposure.) If you thought he was wrong or think he is wrong, use it to your advantage and buy, for heaven's sake. Yes, it was unexpected. Many smart people thought these stocks would rally into excellent quarters and then they could get out. Others have gotten so used to riding the bull that they forgot these stocks have lost a lot of money for people at times, too. And no, I don't believe the big move is over. Our firm was hurt by the call. We were and are long stocks like Xilinx (XLNX:Nasdaq - news), LSI Logic (LSI:NYSE - news), Intel (INTC:Nasdaq - news) and Micron, all of which were hurt by the downgrade. July 7 Cramer, writing in Street.Com: Which brings me once again to reminding you that there are two ways to use Wall Street research. You can take its side and bail into weakness or you can use it to your advantage and buy the weakness. We did that to scoop up some of the equipment stocks ahead of Semicon West. (Mostly Applied Materials(AMAT:Nasdaq), our fave). We also used it to buy LSI Logic(LSI:NYSE), one of our faves. I don't care what you heard about the last quarter, LSI has business in everything from Playstations to cable modems and DSL rollouts. It is one of our most aggressive buy-on-weakness stocks. (It is also a favorite of Foster Friess, the monster good manager from Brandywine.) It got hit on the broad brush downgrade from Solly. I could be angry. I could send Jon Joseph a nasty email. I could do a hoax on Raging Bull about some nonsensical investigation. Or I could exact the sweetest revenge. I could use the downgrade to buy more of one of my favorite stocks at a cheaper price. Which is what I did. July 11 chat with Cramer: Question: Are you still high on semis? What are four faves? TSCNYjjc: Sure. I used the Joseph call from Soly Smith Barney to buy some more of these. I am a big believer in the longevity of this semi cycle. August 24 James J. Cramer chatted on Yahoo! Thursday, Aug. 24 at 5 p.m. EDT. kimrs1102 asks: Do you still agree with Jon Joseph's call on the semis, and if so, do you see them heading lower? Creme_Delacramer: First, I never agreed with his call. I said it was a good call because it had impact and was early. But I didn't sell my Intel or my MU. reisens asks: Mr. Cramer, any chip stocks that you think stand above the crowd now, thanks? Creme_Delacramer: Yes, I like Vitesse, Intel, and MU. armani4play asks: Does AMAT still have upside left? Creme_Delacramer: I think so. I like it very much. ------------- --Wade