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

To: pat mudge who wrote (556)	3/5/2001 4:07:56 PM
From: szabel	Respond to of 3294

Deutsche Banc Alex Brown cut its earnings and revenue forecasts for JDS Uniphase Corp (Toronto:JDU.TO - news) (NasdaqNM:JDSU - news), the world's No. 1 supplier of fiber-optic components, on Monday, citing continued weakness in the sector. Analyst Raj Srikanth said JDS customers, such as Nortel Networks Corp. (NYSE:NT - news), will continue to work through stockpiled inventory for at least two to three quarters. That is coupled with a continued uncertainty over carrier equipment spending and a shorter lead time for components. Srikanth, who made the revisions in a morning call maintained his buy rating on the stock. The analyst cut his 2001 earnings forecast to 70 cents per share from 74 cents and reduced his earning estimate to $3.7 billion from $3.9 billion. For 2002, he cut his earnings forecast to 74 cents per share from 88 cents and his revenue expectation was trimmed to $5.5 billion from $6 billion.

To: pat mudge who wrote (556)	3/5/2001 4:48:59 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 3294

nufo warns. Bummer. Still great numbers year over year but there is no guessing the reaction to this stuff.