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

To: Sam2482 who wrote (20975)	7/28/2001 5:56:34 PM
From: lifeisgood	Read Replies (1) \| Respond to of 24042

It looks like we have a solid floor in the $8.00 area. If I was short I would be covering in a hurry. Not much downside left from here. The $8 floor can be attributed to shorts covering. When the weak shorts are finished covering, JDSU will continue to sink as there are many sellers dying to get out of this stock. I will begin buying in the $4-$5 range. best... LIG

To: Sam2482 who wrote (20975)	7/28/2001 7:57:12 PM
From: robert b furman	Respond to of 24042

Hi Vicki , I think the same thing can be said for Nortel - to a lesser degree.However the action is improving after the cleansing of the sole. Bob

To: Sam2482 who wrote (20975)	7/29/2001 12:08:33 AM
From: Cary Salsberg	Read Replies (2) \| Respond to of 24042

RE: "The news and results couldn't get much worse..." A short while ago JDSU lowered last Q revenue estimates to $600M and this Q to $450M. They did $601M, but lowered estimates for this Q to below $450M without giving a specific number. I think a revised estimate of $350M or $250M would be "much worse" and the price would resume a downward march toward $5. RE: "...the bold moves the company is taking..." They made no moves that were bolder than you taking out the garbage when you notice it has begun to smell. I believe that JDSU is a quality company as far as its products and technology go, but they are caught in the "Perfect Storm" of technology debacles. If you want to speculate on their stock, go ahead, but do it with objectivity. Nobody knows if things will get "much worse" and businessmen rarely make "bold moves."

To: Sam2482 who wrote (20975)	7/29/2001 12:15:59 AM
From: BWAC	Respond to of 24042

Hey Vicki, <GLW is anther co that let it all hang out and the stock is actually climbing.> And interestingly enough, some of the Goodwill that GLW wrote off was from a merger done with CASH!!! Not stock. Cash. From a loan that is still on the balance sheet, even though the asset was wrote down. Goodwill resulting from Stock mergers is just an accounting entry assuming the stock issued was at least as richly valued as the company being acquired. But Goodwill resulting from a CASH purchase is real money. The debt GLW incurred is proof of that. (Oh by the way, If Goodwill resulted from issuing an undervalued stock to buy a highly valued company stock then dilution could be a problem. One potentially worse than cash.)