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

To: pat mudge who wrote (1345)	4/25/2001 2:59:07 PM
From: TexasNerd	Read Replies (1) \| Respond to of 3294

Pat, what are your current thoughts, if any, on our old friend SSPI?

To: pat mudge who wrote (1345)	4/25/2001 3:14:54 PM
From: BDR	Respond to of 3294

Analysts question where Lucent, JDS are headed April 25, 2001 12:00 AM ET by Rex Crum upside.com With many telecom equipment makers blaming recent financial woes on a massive downturn in spending by service providers and carriers, there was little chance that Lucent Technologies (LU) and JDS Uniphase (JDSU) would deliver any major good news when the two companies reported quarterly earnings on Tuesday.

To: pat mudge who wrote (1345)	4/25/2001 5:12:29 PM
From: William R. Polk	Read Replies (1) \| Respond to of 3294

<<Who has them at .20 for '02?>> Don't know that, but FWIW, Lehman now has FY'02 at .28 and C'02 at .33. Its analyst, Arnab K. Chanda, states at the end of his report dated April 25, 2001: "We still believe that given the fundamental environment, industry leaders such as JDS Uniphase are disproportionately better positioned than small 3rd or 4th source suppliers but would exhibit caution until revenues and margins cease to deteriorate."

To: pat mudge who wrote (1345)	4/25/2001 7:21:32 PM
From: gbh	Respond to of 3294

Here are the estimates I could gather for Fiscal '02. Looks like they range from .23 to .32. This stock is currently overvalued by any measure. And probably at least a year away from any sustainable uptick, imo. Robbie Stephens JDS Uniphase Corporation NASDAQ: JDSU $20.82 Buy F2001E EPS: $0.57, down from $0.58 F2002E EPS: $0.23, down from $0.37 Arun Veerappan, Communications Components/Semiconductor Devices “JDS Uniphase announced Q3:F01 (March) revenue for the quarter of $920 million (down 1% q/q), in line with our $922.6 million estimate and EPS of $0.14 vs. our $0.13 estimate,” said Veerappan. “Going forward, JDS Uniphase provided revenue guidance of $700 million for the June quarter, down 24% q/q, and EPS of $0.05. Importantly, JDS Uniphase has well over $700 million in backlog shippable in a 6-month time frame. We are revising our estimates for the June quarter to revenue of $700 million and EPS of $0.05. Further, we are lowering our estimates for F01 and F02. JDS Uniphase indicated that it expects component inventory issues at its customers to be resolved in the next two quarters. Although the end-demand still remains somewhat murky, given the data points available, we believe that the June/September quarter timeframe represents a potential bottom. JDS Uniphase, as a proven market and technology leader in optical components, will continue to dominate the market and command a premium valuation, in our view. Thus, we maintain our Buy rating.” JPM H&Q JDS Uniphase (JDSU/$21/Buy) mkt cap $24.6B Reports early; realigning, reducing, and streamlining; resetting target º JDS Uniphase reported fiscal 3Q01 results in line with previous guidance, but numbers are coming down º We are decreasing our EPS estimates for fiscal 2001 from $0.64 to $0.53 and for fiscal 2002 from $0.66 to $0.32. We are also resetting our near- to mid-term price target to $28 º Key senior executive, Zita Cobb, head of strategy and business development, is taking a leave of absence from the company for personal reasons. We think the company will have a task trying to fill her shoes Goldman Sachs Princeton, New Jersey, April 25 (Bloomberg Data) -- JDS Uniphase Corp. (JDSU US) was maintained ''recommend list'' by analyst Natarajan Subrahmanyan at Goldman, Sachs & Co. Earnings estimates: Period Previous estimate New estimate per share (USD) FY 2002 0.65 0.31 First Union Princeton, New Jersey, April 25 (Bloomberg Data) -- JDS Uniphase Corp. (JDSU US) was maintained ''market perform'' by analyst Stephen G Koffler at First Union Securities Inc. The FY01 and FY02 EPS estimates were cut to $0.50 and $0.26 from $0.64 and $0.59, respecitvely. UBS Princeton, New Jersey, April 25 (Bloomberg Data) -- JDS Uniphase Corp. (JDSU US) was maintained ''buy'' by analyst Joseph Wolf at UBS Warburg. The price target is $32. Earnings estimates: Period Previous estimate New estimate per share (USD) FY 2001 0.63 0.57 FY 2002 0.47 0.29