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

To: uu who wrote (20958)	7/28/2001 7:13:17 AM
From: techanalyst1	Respond to of 24042

I don't know where you are getting your figures from, but a company that has only 40 million in revenues is given a higher valuation than one with much more revenues because it's easier to grow. A p/s of 6 is not conservative. Csco had a p/s of 4 in 1994 and jdsu had a p/s of 1.09. Pmcs was trading under a p/s of 1 in 1993 and intel is typically in the 2-3 range. I don't know if jdsu is going lower or not, but a p/s of 6 is rich on a historical basis. P/S of 4 on $2 Billion is a share price about 6. P/S of $4 on 1.5 Billion is $4.5/share. It's a mistake to see where a stock has been and to say that's it's fallen so much it must be a bargain. It may or may not be, but stocks that fall like this, usually do so for a reason. My guess is it bases for a long time but ultimately will be shown to be a survivor and come out stronger. TA