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

To: jmanvegas who wrote (19039)	2/23/2001 11:21:21 AM
From: JakeStraw	Respond to of 24042

"JDS Uniphase's (JDSU:Nasdaq - news) price target and earnings estimates were cut this morning by Morgan Stanley Dean Witter, which said it expected declining revenue for the optical fiber company. Morgan Stanley cut its price target on the company to $50 from $95 and lowered its earnings estimate for the fiscal third quarter to 16 cents a share from 17 cents. The current 18-broker consensus is 17 cents for the quarter. "For the next quarter, we expect a 9% sequential decline in revenue to $925 million, compared to our prior estimate of sequentially flat revenue," the note said. "A broad recovery in visibility looks unlikely." thestreet.com