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

To: sam who wrote (18010)	2/8/2001 12:25:30 AM
From: pat mudge	Respond to of 24042

Why would anyone change estimates just days before the company's conference call (Feb. 12) where they've promised new guidance? With a little patience they'd have real numbers to work with. From WR Hambrecht: biz.yahoo.com Okay, on a different front, Verizon is pushing into Europe: biz.yahoo.com NEW YORK, Feb. 7 /PRNewswire/ -- In an initiative designed to expand Verizon Communications' presence in the large business market, the company today announced plans to assemble and operate a global telecommunications network that will link the United States with major cities in Europe, Asia and Latin America. Verizon will acquire fiber-optic cable, switching and transmission equipment and related network management software to deploy the high-speed, broadband network, which will carry data, Internet and voice traffic. The first phase -- which will link New York to London, Paris, Amsterdam, Brussels, Frankfurt and Milan -- is scheduled to begin operating by the second quarter of this year. Links between New York and Toronto and between Hawaii, Hong Kong, Tokyo and Sydney are already operating and will be part of the new network. . . . Now I need some help. I've done the numbers, but don't trust myself. TheStreet.com's article on the Zurich plant purchase says NT will generate $200M in 2001: biz.yahoo.com Expensive precision watches aren't the only thing the Swiss make. JDS's Zurich plant supplies 40% of the world's 980 pump lasers. And by some Wall Street estimates the Zurich plant will generate about $200 million in revenue in 2001. So not only does Nortel get some immediate payback on its investment, it also gets a roster of new customers. That answers a question that had hovered over Nortel's planned optical spinoff, whose main customer has been Nortel itself. NT's registration for Zurich plant: biz.yahoo.com In JDSU's registration statement it says Zurich represented less than 5% of their revenues in the first six months. They were $1.71 Billion, so that makes around 68 to 85 million (4 to 5%) from Zurich. If doubled, we get $136.8M to $170M for the year, or taking an average, $153M. CIBC World Markets projects the 980nm pump market to be $852M in 2001. This would put the Zurich plant at slightly over 20% of the world market --- making Mr. Moritz off by nearly 100%. I ran through this exercise because anyone reading the article would panic thinking JDSU was losing 40% of the world market for 980nm laser pumps. Mr. Moritz doesn't quote the 5% figure from JDSU's SEC documents. Rather he uses an unnamed source and ends up throwing numbers around like confetti at a May Day parade. Would it be asking too much to have financial journalists check their facts before publishing? Corvis expands product line: lightreading.com Ciena bags McLeod contract: lightreading.com FLAG has strong numbers: lightreading.com [guidance:] In 2001 we expect our evolution from a subsea cable developer into a global network services company to continue as we expand the range of advanced products and services we offer." Ed McCormack, Chief Operating Officer of FLAG Telecom, said "We have seen continued demand for our traditional capacity and Network Services products in the fourth quarter, taking our cumulative sales to date to over $2.0bn. At the end of 2000, Managed Bandwidth and other Network Services were contributing 22% of revenues and this contribution is expected to increase as the range of products we offer expands. The expansion of our product offering over the year has enabled us to broaden our customer base with an increasing number of the emerging carriers contributing to our sales. During the year we entered into major commercial agreements for the supply of Juniper Network's high-speed Internet routers in our PoPs and with Inktomi, whose technology will enhance the capabilities and performance of the global network by adding caching and content distribution features. "FLAG Atlantic-1, which we now fully own, remains on budget and is scheduled to be operational next month. With the announcement of FLAG Pacific-1 we laid out plans to complete our subsea fibreoptic link around the globe. FLAG North Asian Loop, announced just after the year end, is aimed at meeting expanding intra-Asian traffic demands. The planned development of this multi-terabit system in conjunction with Level 3 Communications, Inc. has meant that we have not only gained a highly respected market player on the system but have also greatly accelerated our time to market in the region and saved significant costs. "Our initiatives for 2001 include a terrestrial solution for expanding our network in Europe, a program of linking our PoPs commencing with New York and San Francisco, and the continued roll-out of our Network Services." Pat