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Technology Stocks : SDLI - JDSU transition -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (398)	2/24/2001 10:01:38 PM
From: ricky	Read Replies (3) \| Respond to of 3294

"I know I'm biased, but I predict this will be the "gotta own" stock of the year" Valuation is still a concern IMHO. Pat, Are there any other fiber optic stocks you like ? Rick

To: pat mudge who wrote (398)	2/25/2001 2:47:27 PM
From: Red Heeler	Read Replies (1) \| Respond to of 3294

Here's a transcript of the entire exchange between Mary Farrell and Lou: Lou: "Mary Farrell, step right up and tell us what's going to happen next." MF: "It is hard to have confidence after a week like this in the market. But I think that I really allude to the future. Everyone's focusing on the fact that we're really going to have a slowdown. Is it any surprise when companies are confirming that the slowdown will affect their earnings? Yet longer term the future is bright. We have technology, we have productivity, we have global growth, and we will benefit from that. And I think it will take the market a while to catch up to that." Lou: "What do you think the market will need to change its mood?" MF: "Lou, I find this very intriguing because if you think back to, remember October 1998 with the Global crisis and the market had just sold off? That night we were down 19 1/2 percent and everybody thought it was all ending. It had already turned up before people even accepted that things would improve and we've had extraordinary gains since then. Or 1990, it seemed so dismal. So I think the problem is that it turns on a dime - or suddenly the sentiment changes." Lou: "As you know, NASDAQ bounced a little bit today making it the first Friday in 4 that it didn't end on its low for the week. How much credence do you place on that kind of behavior?" MF: "Ultimately, people are going to determine that, when you price stocks, what price do you pay for the earnings. The concern now is earnings but I think it's pretty clear that we will have the Federal Reserve acting to improve the environment and we will have a recovery in earnings probably by the 3rd or 4th quarter. And the market, at some point, will focus on that improved picture at which point the values available, especially in technology, are extreme." Lou: "What would you pick-up here." MF: "If you want to be conservative and wait this out you could do financials like Citigroup or Bank of New York showing very good values. Or, if you want to get your feet wet in technology, I'd stick with the Blue Chips." Lou: "Your feet is exactly where the stocks are selling right now. What Blue Chips? Name a couple." MF: "Companies like JDS Uniphase, Cisco. They have sold off dramatically but these are going to be, whatever shape this internet and technology takes, these companies will be beneficiaries."