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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (39416)	7/26/2001 5:49:11 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

JDS Uniphase (JDSU) 9.47 +0.68: -- Update -- Thinks it will be past the 90% point with its global restructuring in another 4-8 weeks; more than half of the extra $400 mln in cost savings it now expects to derive from its global restructuring should be achieved in Q1; says $350 mln in revenues is the level where company will be profitable after its restructuring... JDSU -1.25 JDS Uniphase (JDSU) 9.47 +0.68: -- Update -- Says its metro business is one of its most promising segments, but right now, it still only accounts for roughly 10% of revenues... separately, said there has been a lag effect with business in Europe; drop-off there not as dramatic as what it has seen in U.S., and also notes that the slowdown in Europe occurred earlier than the last few weeks of fiscal Q4... JDSU -1.21 JDS Uniphase (JDSU) 9.47 +0.68: -- Update -- Capex in Q4 was $155 mln and $716 mln in FY01... Says capex in Q1 will be substantially under $100 mln; notes that it hopes the latest round of layoffs will be the last, but it can't be sure at this time... JDSU -1.25 JDS Uniphase (JDSU) 9.47 +0.68: -- Update -- Says Alcatel (ALA) was only 10% customer in fiscal Q4 and that its book-to-bill ratio was "well below unity"; for the year, Alcatel accounted for 12.3% of sales, Lucent (LU) for 10% of sales and Nortel Networks (NT) for 14.1% of sales... JDSU -1.27 JDS Uniphase (JDSU) 9.47 +0.68: -- Update -- As to be expected, JDSU speaking of how remarkable the industry downturn has been, and concedes things will remain difficult, but it has emphasized repeatedly its confidence in its long-term competitive position and its efforts to take steps now to emerge from the downturn in a stronger position... JDSU -1.39 JDS Uniphase (JDSU) 9.47 +0.68: -- Update -- On conference call, says the reason stock was halted at end of day was because a hacker gained access to its press release prior to the release being posted to company's website. JDS Uniphase (JDSU) 9.47 +0.68: -- Update -- Because the company did not break out the after-tax restructuring and inventory write-down charges, it is not possible to arrive at an EPS number which is comparable to estimates. But the pre-tax charge was $500 mln, which exceeded the pro forma loss of $477 mln, so it looks as if the math would bring you close to the $0.03 consensus if an after-tax charge had been provided. Finally, JDSU said that its prior downwardly revised $450 mln revenue estimate for the Sep qtr was too high, but would not offer specific guidance. Stock will reopen for trading at 4:40 ET. JDS Uniphase (JDSU) 9.47 +0.68: Company reports Q4 loss of $0.36 per share; reports Q4 revs of $601 mln vs consensus est of $600 mln; pro forma results for the quarter reflect costs of the Global Realignment Program and charges for the write-down of excess inventory; company will cut 16,000 jobs.