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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: A.L. Reagan who wrote (2829)	7/7/2001 5:20:45 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 13815

The book is going to get a big "hair cut", they are going to have to take a lot of goodwill associated with prior acquisitions. Right now they are "amortizing these at the rate of about $9/$10 Billion per year, but they have $58 B on the book as "Goodwill", since many of the acquisitions are worth much less then when bought in the hey days of last year, they will have to write down to market these non existing assets. Their net book value is less than $4 Billions, with about 1.3 B shares outstanding, you can see that JDSU is still selling at a rich premium of book "sans intangible", about three to four times actual book value. OOPS, apologies, that should have been poasted to "walking shadows". Zeev