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

To: RetiredNow who wrote (20889)	7/26/2001 5:26:41 PM
From: A.L. Reagan	Read Replies (2) \| Respond to of 24042

>>the Company reported a loss of $7.9 billion or $5.99 per share for the quarter and $50.6 billion or $46.30 per share for the fiscal year ended June 30, 2001.<< Is $50 billion in one fiscal year any sort of modern corporate record? Hey, they've certainly outdone Nortel! (Check out the way the bulk of the SDLI and ETEK write-downs are done retroactively in last quarters 10-Q.) Talk about a popped bubble. Awesome.

To: RetiredNow who wrote (20889)	7/26/2001 5:36:10 PM
From: hugh thorne	Read Replies (1) \| Respond to of 24042

you are bang on regarding the cash flow issue. they look like they have a fair bit of room given the positive cash flow of last qtr and the current bank. the writiedown means very little, nor did anyone really get hurt. if i buy your company and pay 10 times too much that usually isn't good. but what if i pay you in currency that is 10 times overvalued. This is all a wash. Unlike NT, these guys have no debt, so no-one is standing there with their hand out looking for $50 million of interest payments every month.

To: RetiredNow who wrote (20889)	7/26/2001 6:19:11 PM
From: techanalyst1	Read Replies (1) \| Respond to of 24042

Every company in the sector has said there isn't a rebound coming for 12-18 months, so why should jdsu be any surprise? Maybe the size of the loss or headcount. Why would there be shorts who haven't covered? I mean, what is the upside in keeping a short of jdsu at 9 vs. the downside? So... if there isn't a short covering rally, then there has to be people who actually want to buy it for it to go up. Maybe traders will buy it trying it flip it for a few bucks. Personally, I think it probably trades sideways for a long time developing a base after it hits a final bottom. No wonder FEJ was willing to sell shares before earnings. I'm still amazed at the job losses in this sector. Much bigger than the dot.gones. TA