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

To: pat mudge who wrote (16574)	1/15/2001 10:05:01 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 24042

NetBulls.com picks JDSU among three new bullish plays of the week, the other two being RATL and AMZN, Here's their reasoning behind the JDSU pick. *** Tulvio JDS Uniphase Corp. JDSU $50.19 (+8.06 this week) JDS Uniphase is a technology company that designs, develops, manufactures, and distributes a range of products for the fiber optic communications market. These products are deployed by systems manufacturers worldwide to develop optical networks. Following a three-week period of consolidation near the $40 price level, shares of JDSU appear poised for a strong move upward. The stock gained 19 percent in last week's trading, and in the process managed to close above the 10-dma (currently residing at $45.99). The buying over the past week has resulted in a strong upward trend for stochastics. One negative in Friday's trading was the stock's inability to close above the 25-dma at $51.90. This represents a level of resistance that buyers will have to overcome next week. JDSU has support at $45, and again at $40 in the event of any near-term pullbacks. Wall Street is awaiting final shareholder approval of the company's much-publicized acquisition of SDL Incorporated. Although originally scheduled for December 27th, the respective shareholder meetings to affirm the deal have now been rescheduled for January 26th. Perhaps not by coincidence, JDSU confirmed this week that their upcoming earnings announcement will be released after the close of trading on January 25th. The company announced the opening of a 320K square foot manufacturing facility in Shenzhen, China this week. Keeping up with the demand for their products is a challenge that JDSU has constantly had to deal with over the past year. In addition, the company announced this week that they have completed a minority equity investment in Avantas Networks Corporation, a privately held telecommunications network testing equipment company in Montreal, Quebec. We ask that you follow the progress of our bullish play in our "In Play" section. Picked on January 14th at $50.19 Gain Since Picked 0.00 Earnings Date 01/25 (Confirmed)