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

To: minorejoy2000 who wrote (21188)	8/10/2001 9:00:10 PM
From: Sam2482	Read Replies (1) \| Respond to of 24042

This action in JDSU shouldn't surprise anyone. It certainly doesn't mean the sky is falling. The NAS and JDSU will test some lows. Over 15% of JDSU's float exchanged hands in the $8.00 range and unless JDSU breaks below.. say 7.75 on large volume I am not concerned. Allot of us that got in at that price area still show a decent profit for a couple weeks (appx 8.5%). In fact I see this testing as an opportunity to make some trading profits. I cashed in some profits on NTAP and AMD in the last week and now I want to pick up some bargains. I tried to nibble on selling puts in ORCL today but didn't get filled. I'm not crazy about ORCL's P/E, P/S but I like the technical resistance in the 13.00 area. Like JDSU it has little if any debt and tons of cash. It is also a market leader. It seems allot of fellow posters has put a certain individual on ignore. He reminds me of a fly on a window pane buzzing all around....and nobody pays attention. HEHEHE Different views and debating the ideas are healthy and in fact without them we wouldn't have a market. Personal attacks based on gender,race,or any other irrelevant factor should not be tolerated by any thread members. If I want to read moronic posts I can go to Yahoo threads. Good Luck to all

To: minorejoy2000 who wrote (21188)	8/10/2001 9:44:25 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 24042

Nobody is predicting revenues. Merrill Lynch had $450M, $450M, $450M, and $500M for the next year, but that was when JDSU predicted $450M for next quarter. A time to buy is when revenues stop falling. At least, then, a valuation may be made. I just checked ML and they have $360M, $360M, $400, $450. That is $1570M for 2002 and then they estimate $2190 for 2003. 6 times 2002 sales is $7.15 and 6 times 2003 is $9.95. Current prices are reasonable for these sales levels and they are just above the companies break-even target. Again, a time to buy is when revenues stop falling.