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

To: Jacob Snyder who wrote (21035)	7/31/2001 6:38:26 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 24042

RE: "...do you think EMC is now a decent value at 20..." I have maintained a Cash Management Account at Merrill Lynch, my wife's checking and Visa account, for 15-20 years and I occasionally use their online site for research. They have a near term neutral rating on EMC because their fiscal 2002 EPS estimate is $0.30. They also talk about a change in business model that EMC must undergo because of falling hardware revenue. They have a favorable long term outlook and they, like you, emphasize software, networking, and services. A PE of 60-70 on a company whose last few years revenue is suspect because of the bubble and whose hardware sales problem fits well with my distaste of storage hardware investments makes it seem more an "indecent" value. The points you made about market valuation are true. Many stock prices do not remotely reflect the companies' current business conditions or prospects. The bubble prices are the current reference. In this environment, I will stick to the few I know will continue to kick butt. EMC is not one of them.

To: Jacob Snyder who wrote (21035)	7/31/2001 7:14:27 PM
From: minorejoy2000	Read Replies (1) \| Respond to of 24042

Jacob, my question to you only regards your last question in your post. Would you prefer EMC or any other chipmaker in this current phase of an unusual downturn over a something like KLAC? In a time of accelerated change in chip technology, coinciding with an cyclical low and an economic downturn, would companies (maybe) rather invest in testing equipment than committing to specific chip purchases, since they might represent a bigger risk as becoming outmoded in inventory before very accelerated advances come on line? If you find the time, I would be very interested in your answer, and thanks in advance. Regards, Mino