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To: Earlie who wrote (113044)7/17/2001 1:52:30 PM
From: stomper  Read Replies (1) | Respond to of 436258
 
ROFLMAO...JDS Uniphase (JDSU) 10.36 -0.25: Trading floor buzz that company will take a huge goodwill writedown this quarter; the source of this rumor is easier than most to track down: it came from the company; during their Mar qtr conference call, the company discussed the possibility of a $40 bln goodwill writedown related to past acquisitions (SDLI, ETEK), but that it was unsure of the accounting issues created by a writedown that was larger than its market cap.

-dave



To: Earlie who wrote (113044)7/17/2001 3:13:13 PM
From: pater tenebrarum  Respond to of 436258
 
Earlie, i'm rather wary of IBM and INTC - they have helped the market out with their spin more than once. may well do so again - in fact i think today's bounce is based on precisely this expectation: that IBM or INTC, or both, will live up to their chief WS story teller image again. of course one could also argue that the market is thus set up for a disappointment...


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