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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (32531)	3/6/2001 6:24:38 PM
From: Pescador7	Read Replies (1) \| Respond to of 65232

I guess now we know why NEWP dropped suddenly at the end of the trading session.... thestreet.com JDS Uniphase Warns for Second Time in a Month By Scott Moritz Senior Writer 3/6/01 5:49 PM ET JDS Uniphase (JDSU:Nasdaq - news) Tuesday evening sent another shudder through the already shaky computer networking sector, slashing the earnings and sales guidance it set three weeks ago. In a filing made after the close Tuesday with securities regulators, the Toronto-based maker of optical networking components projected third-quarter earnings of 14 cents a share on sales of $925 million. The Wall Street consensus, as taken by First Call/Thomson Financial, called for earnings of 17 cents on sales of $1 billion. For the fourth quarter, JDS predicted earnings of around the same level, against a consensus estimate of 16 cents. JDS said the shortfall reflects "continued uncertainty in carrier capital spending prospects and customer inventory adjustments, as well as a lower level of near-term sales visibility" than JDS has had in recent periods. The ongoing economic slowdown and a pullback in telecommunications industry spending have hurt stocks across the sector in recent months. After slipping 31 cents during regular trading to $28, JDS dropped $1 in after-hours trading on Island to $27. JDS shares, after a huge run-up in 1999 and early 2000, are now 80% below their year-ago level.