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

To: Kayaker who wrote (18023)	2/7/2001 10:58:29 PM
From: t2	Read Replies (1) \| Respond to of 24042

It seems the communications chip stocks have higher valuations than JDSU. JDSU now trading at reasonable PE for its growth rate. It explains the selloffs in those stocks as there is serious doubt about growth levels. Even a little further drop in JDSU growth still makes it a good value whereas the communication chip stocks are more richly valued. The uncertainty of future growth is really hurting such stocks. Even if there is a small chance of no second half recovery, it seems investors don't want to take the risk at this point. The Corvis story this evening is positive for optical. Maybe we have all the bad news out already. I don't know if JNPR presents at the Bank Of America conference but if they do and say some positive things, we could see JDSU make gains. In the meantime, it seems like the PC sector stocks(including msft, intc) are getting most of the tech buying.