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To: Joel Patterson who wrote (2696)3/30/2001 10:37:55 AM
From: TobagoJack  Respond to of 74559
 
I got a few hundred shares of JDSU as subscription to annual report. I keep an eye on a bunch of stocks, but am unwilling to commit as long as ... well, let me see what I am waiting for ... GE does not fall.
Chugs, Jay



To: Joel Patterson who wrote (2696)3/30/2001 3:32:08 PM
From: Stock Farmer  Respond to of 74559
 
Joel observe Bouy. Marks P/B rock.

JDS uses purchase accounting, 80% of assets are goodwill (20 of 25 B$). So goodwill adjusted book value is about 5 bucks a share. P/B > 3.

John.



To: Joel Patterson who wrote (2696)3/31/2001 10:10:32 AM
From: mishedlo  Read Replies (1) | Respond to of 74559
 
The book "value" on JDSU is probably more like $1.
I am guessing here but most of that $24 is goodwill for which JDSU grossly overpaid. This company could fall to $5 and I would not be surprised one bit.

M