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To: elpolvo who wrote (2007)	2/14/2001 5:30:19 PM
From: Dealer	Respond to of 104197

Finally! I guess that was worth hanging on. I heard this morning that the two companies were worth three times what they are today when they decided on the buyout. So what else is new, same with all the tech companies.... I think I am going to move my account to IRA to Brown so I can buy leaps........... :-) dealie

To: elpolvo who wrote (2007)	2/14/2001 5:35:05 PM
From: Dealer	Respond to of 104197

JDS Shares Gain in Advance of S&P Change By Susan Taylor OTTAWA (Reuters) - Shares in JDS Uniphase Corp. (Toronto:JDU.TO - news) (NasdaqNM:JDSU - news), the world's No. 1 supplier of fiber-optics components, surged to close 7 percent higher on Wednesday after following a roller-coaster path through the day. The stock was the most active on Nasdaq with nearly 114 million shares changing hands. Earlier in the day it touched new 52-week lows, bottoming out at $36-3/4 on Nasdaq, below the previous low of $37, and at C$58.40 on Toronto, below the previous nadir of C$59.35. Their year high on Nasdaq was $153-7/16 and C$219.00 on the TSE. The stock ended the day higher in advance of its increased weighting on the S&P 500 index. JDS was being reweighted after the market close due to its acquisition of SDL Inc. (NasdaqNM:SDLI - news), the world's No. 2 supplier of components to boost the speed and capacity of telecoms optical networks. JDS, which issued 332.2 million shares to acquire SDL, will exchange 3.8 of its shares for each of SDL's 87.4 million shares. JDS currently has 961.5 million shares on the index. The shift is expected to boost buying of JDS stock among fund managers whose funds reflect share weighting on the S&P 500. JDS shares closed at $41-1/4 on Nasdaq and at C$65.50 on the Toronto Stock Exchange. Their 52-week low is $37 on Nasdaq and C$59.35 in Toronto. The late-session gains followed a day of whipsaw trade spurred by a mixed bag of analyst reactions to a JDS earnings warning on Tuesday. Most analysts maintained existing recommendations, though some downgraded the stock and others cut their stock price targets. Any bad news from the analysts may have been softened by investors covering short positions on the stock, said one analyst. ``For anybody who shorted it in the last two weeks they're probably pretty happy, got the news and are thinking about covering,'' said Sanford Bernstein analyst Paul Sagawa. ``We won't know for another couple of days exactly how the market's really reacted to this.'' JDS told analysts it expects third-quarter earnings of 17 cents versus consensus forecasts of 21 cents. The company cited the affects of its merger with SDL, the weakening U.S. economy, and customers such as Nortel Networks Corp. (Toronto:NT.TO - news) (NYSE:NT - news) and Lucent Technologies Inc. (NYSE:LU - news) working through stockpiled inventory. SG Cowen downgraded JDS to a buy from a strong buy, and Adams Harkness & Hill cut the stock to a market perform rating from a buy citing ongoing growth concerns. ``While the stock is way down and probably anticipated much of last night's new and reduced guidance, it remains clear to us that the business continues to weaken,'' wrote analyst Adams Harkness & Hill analyst Jim Kedersha in a research note. Salomon Smith Barney cut its price target to $55 from $75 and WR Hambrecht & Co. dropped its stock target to $60 from $85. JDS, which said uncertainty over sales demand has increased since it reported its results three weeks ago, forecast consolidated revenues for fiscal 2001 of $3.9 billion and earnings of 74 cents a share. Analysts were expecting sales of $3.8 billion and earnings of 82 cents. ``It is not impossible that numbers may come down some more,'' said Jim Liang, analyst at WR Hambrecht & Co. Liang, who reiterated his buy recommendation, said the stock price represents an attractive entry point for investors who can wait for a potential market recovery later this year. Epoch Partners analyst Mark Langley wrote that JDS stock is now undervalued, and long-term investors should maintain their holdings. ``While some investors may react strongly to JDS Uniphase's more conservative guidance for the next quarter and the full fiscal year, we believe that investors as a group have already priced in a more pessimistic outlook,'' Langley wrote.