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

To: Ian@SI who wrote (588)	3/7/2001 8:18:28 AM
From: John Carragher	Respond to of 3294

from wsj. JDS Uniphase Lowers Outlook Once Again for Its Third Quarter By SCOTT THURM Staff Reporter of THE WALL STREET JOURNAL JDS Uniphase Corp. lowered financial targets for the third time in six weeks, as the telecommunications slump shows no signs of easing. JDS, the largest independent maker of fiber-optic components for telecom networks, said it expects revenue of $925 million and operating earnings of 14 cents a share in its fiscal third quarter ending March 31. Just three weeks ago, JDS had projected third-quarter revenue of $1 billion and operating earnings of 17 cents a share. JDS, which maintains headquarters in San Jose, Calif., and Nepean, Ontario, said results for the fiscal fourth quarter ending June 30 would be "approximately at the same level as the third quarter or slightly above those levels." Analysts had been expecting fourth-quarter operating earnings of 16 cents a share, according to First Call/Thomson Financial. JDS said it couldn't project results for the fiscal year beginning July 1. In a filing with the Securities and Exchange Commission, JDS said the lower expectations reflect "continued uncertainty" about spending plans by telecommunications carriers, inventory adjustments at equipment makers and less "visibility" about its business prospects. Addressing an investment conference in San Francisco, Chief Financial Officer Anthony Muller said JDS's projections are "the sum total of all we see in our business," including JDS's parts backlog and order rates. "Business conditions are softer than we'd like to see them," Mr. Muller told the Thomas Weisel Partners Emerging Networks conference. He said JDS will remain profitable, although profit margins may decline along with sales volumes. In response to the slowdown, JDS last week said it would lay off 3,000 workers, or about 10% of its work force. Other makers of fiber-optic gear are suffering through a similar slowdown. On Monday, New Focus Inc., San Jose, lowered financial targets and said it would lay off 330 workers in the U.S. and China. JDS made its announcement after regular trading hours. In Nasdaq Stock Market trading at 4 p.m. Tuesday, JDS shares fell 31 cents to $28. In after-hours trading, JDS shares fell to $26.94. Write to Scott Thurm at scott.thurm@wsj.com

To: Ian@SI who wrote (588)	3/7/2001 6:12:16 PM
From: MrBuzz	Respond to of 3294

lol If you spend your time looking at 5 minute bars and staring at ticks all day, you'll drive yourself crazy. Oh lookie, it finished DOWN today... but I'm not one to rub it in. Good luck in your investment.

To: Ian@SI who wrote (588)	6/18/2001 6:38:10 AM
From: MrBuzz	Respond to of 3294

Hmmmm... Nah... still too expensive here. ------------------------------------- To:MrBuzz who wrote (587) From: Ian Stromberg Wednesday, Mar 7, 2001 8:05 AM View Replies (2) \| Respond to of 1675 Market seems to disagree with you. Trading up in the premarket. Now at 28.75 and rising. ------------------------------------ To:Kayaker who wrote (586) From: MrBuzz Wednesday, Mar 7, 2001 2:47 AM View Replies (1) \| Respond to of 1675 Why chase a falling knife... I'd buy some at $5.... the knife is duller down there :o)