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

To: SJS who wrote (15595)	12/28/2000 2:11:05 PM
From: Maryann M	Respond to of 24042

Epoch Partners Issues Research Note on JDS Uniphase JDSU-SDL Shareholder Meetings Pushed to January 26 SAN FRANCISCO, Dec. 28 /PRNewswire/ -- The following is being issued by Epoch Partners, a member of the National Association of Securities Dealers, CRD number 103899: Epoch Partners, Inc. recently issued a Research Note on JDS Uniphase Corporation (Nasdaq: JDSU). The Research Note, issued by Mark Langley, Senior Analyst, Communications Equipment Subsystems with Epoch Partners, states that JDS Uniphase shares represent a significant buying opportunity despite the one-month postponement of shareholder meetings. The following are key highlights included in the Research Note, which can be accessed in its full form at the Epoch Web site ( epoch.com ): -- JDS Uniphase and SDL announced Wednesday that their shareholders' meetings will now take place at 10 a.m. PST January 26, 2001. -- The joint press release also stated that Hart-Scott-Rodino approval was still pending. -- Although we have seen price erosion for some passive components for several months now, we believe JDS Uniphase's broad product line, its positioning for high volume manufacture (through outsourcing, overseas manufacture and automation advances) position it well in the rapidly growing market for fiber-optic components and subsystems. -- The company's ability to shift production to other customers mitigates much of its exposure to Lucent and Nortel. -- We think JDS Uniphase shares represent a significant buying opportunity, trading at approximately ten times our calendar 2001E revenue estimate, approximately 48 times calendar 2001 EPS (at a P/E-to-growth ratio of 1.0x), and 73% below their 52-week high. Communications Equipment Subsystems Coverage Investors can visit Epoch's Web site for an in-depth analysis of the Communications Equipment Subsystems industry and to read research coverage on the following public companies in this sector: Avanex Corporation, Endwave Corporation, Finisar Corporation, JDS Uniphase Corporation, New Focus, Inc., and SDL, Inc. Full research on these and other companies under coverage by Epoch is available for free to investors at www.epoch.com. Full research on companies in other sectors of technology sectors under coverage by Epoch is available for free to investors through the Epoch Web site (www.epoch.com). Epoch Research While Epoch's research does express a clear investment thesis, Epoch does not use traditional Wall Street ratings to express that opinion. The Epoch research platform provides both comprehensive industry analysis as well as in-depth coverage on individual company stocks. In addition to conducting primary research on covered companies, Epoch's analysts also aggregate, filter and comment on the increasingly large amount of raw information available on stocks today. This research provides investors with a complete and up-to-date viewpoint on a company and its valuation drivers. About Epoch Epoch Partners is a technology-enabled investment bank focused on high growth companies and electronically connected institutional and individual investors. Epoch's unique approach to investment banking includes using technology to provide superior market intelligence to issuers and investors. For issuers, Epoch uses proprietary data to improve the pricing and distribution of securities. For investors, Epoch fuses its investment analysis with relevant third-party information and broadly distributes enhanced investment tools. Through partnerships with Charles Schwab, Ameritrade and TD Waterhouse, Epoch has exclusive access to a fast growing, electronically connected investor base that consists of more than 10 million accounts. These accounts have combined investable assets of more than one trillion dollars and account for more than fifty percent of all online assets. Epoch's industry-leading venture capital partners include Benchmark Capital, Kleiner Perkins Caufield & Byers, Trident Capital, and Reuters Venture Capital. The information contained herein is based on sources believed to be reliable but is neither all inclusive nor guaranteed by Epoch Partners. Opinions, if any, reflect our judgment at this time and are subject to change. Epoch Partners does not undertake to advise of changes in its opinion or the information. Epoch Partners may perform or seek to perform investment banking services for the issuers of securities which are the subject of our Research. Most of the companies Epoch Partners follows are emerging growth companies whose securities typically involve a higher degree of risk and more volatility than the securities of more established companies. The securities discussed in the Epoch Partners Research may be unsuitable for investors depending on their specific investment objectives and financial situation and needs. No report included in the Epoch Partners Research is a recommendation that any particular investor should purchase or sell any particular security in any amount or at all and is not a solicitation of any offer to purchase or sell from or to any particular investor. For additional information that may be available on the securities mentioned, please contact Epoch Partners.