Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: szabel who wrote (19564)	3/19/2001 9:34:01 AM
From: hamsandwich	Read Replies (3) \| Respond to of 24042

Briefing.com's take on GLW warning and JDSU: 09:15 ET ****** Corning (GLW) 23.18: Weighing on the optical space in the pre-market is another warning from Corning. For 2001, the company lowered EPS guidance from $1.40-$1.43 to $1.20-$1.30 and revenue guidance to $8.2-$8.5 bln from consensus of $8.8 bln. The company said that guidance for Q1 of $0.28-$0.31 did not change. GLW is blaming the shortfall primarily on lower expectations for the telecom segment amid the current economic slowdown. A meaningful recovery of spending by its telecom customers is happening much more slowly than expected. In fact, management does not expect improvement until well into the second half of the year...The most disappointing aspect of this warning is the outlook for the higher-margin photonics (also known as optical components) segment as the company's outlook has come down sharply in just a matter of 8 weeks. Now, management expects growth 20%-25% this year down from recent expectations of 50% growth, and down from the 75%-90% stated in late January. The worldwide photonic components market is expected to grow between 10%-30% in 2001. The fiber market is not much better. Corning now expects worldwide fiber growth of 20% this year. The main problem in the space is that customers are struggling. In addition to scaled back spending by the major telecoms, many of the smaller players customers, which are predominantly unprofitable, are having trouble getting more funding...GLW investors can at least take solace this morning that the stock is being bid up slightly in the pre-market despite the warning which is an indication that investors are not worried about 50% growth or 20% growth etc. Rather, they appear to have realized that it's a tough environment and the specific growth targets are not important for the time being...Our take on GLW is that the stock is near a bottom and would expect GLW and JDSU etc. to lead a rebound in tech. The stock trades at a p/e of 18.5x, slightly below its growth rate, which is attractive. However, there does not appear to be a catalyst in the near term and would stay on the sidelines. We would be surprised if numbers are not taken down even further over the next few months. -- Robert J. Reid, Briefing.com The fallout for the sector has been mixed with Ciena (CIEN 52 13/16) looking just slightly weaker while JDS Uniphase (JDSU 22 7/16) is fractionally higher. The resistances to clear to help flatten out the recent negative bias are at 54 1/4-5/16 and 22 7/8-23 1/2, respectively. Failure to accomplish this leaves the weaker tone intact with the recent lows (CIEN 50 5/8 and JDSU 22 1/8) in danger of a retest. A breakout initially points to 48/47 for CIEN and 20 1/4 for JDSU. -- Jim Schroeder, Briefing.com

To: szabel who wrote (19564)	3/19/2001 12:40:23 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

Massive shorting of JDSU today appears to fail in keeping price down. Also note that in true Bear markets both longs and shorts get slaughtered and everybody ends up poorer. We know how longs get slaghtered....vbg...( look in your rear view mirror ). Shorts on the other hand get slaughtered in the massive powerful short term rallies that are typical of Bear Markets. Who's playing pocker with Alan G. today.......... ....JDSU close at $25 today at the close? Nasdaq 3 Year with Fed Rate Moves www3.sympatico.ca :) Read disclaimer: Message 15442821 TA