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

To: Jacob Snyder who wrote (21429)	8/28/2001 4:19:39 PM
From: Timetobuy	Read Replies (1) \| Respond to of 24042

The difference is: Now we have a bear market, ALOT of overhead resistance, estimates that are coming down, not going up, and sales that are lower than last year. Those things will cap the upside on jdsu for now. In the meantime, the company is tightlipped. If they could come out and say one good word, the stock would probably stabilize. But they don't. Analysts don't come out and defend it to any degree either. So, why buy now? I don't see that it's going to run away from me. I can wait and if I miss THE bottom, so be it. If I buy $5 above the bottom, there is plenty of upside left.

To: Jacob Snyder who wrote (21429)	8/28/2001 4:25:53 PM
From: BWAC	Read Replies (1) \| Respond to of 24042

Good post, with a lot of good arguments and theories. <what will TTM sales be? This is a question you have been asking, over and over, and no one has been answering. No, I can't answer it either. Not even approximately, other than to state the obvious: it won't be anywhere near 3.2B$.> I really think JDSU gave us all a general clue with the breakeven point of sales. I'd guess under $2 Billion by early 2002. <Interestingly, the 1995 P/CF range was 12-36, and the current value is 6. So, using the 1995 yardstick, the current value is Value.> P/CF = Price to Cash Flow? <For a good laugh, look at the P/B. With the denominator of that ratio approaching zero (as goodwill is taken off the books at an impressive rate), we should see a rebound in the P/B, from the recent multi-year trough of 0.2, taking out the 1998 peak of 13. Which will signify precisely......nothing.> Below (next post due to fonting problems) is a balance sheet essentially sans Goodwill. Nowhere near zero. In fact it looks strong until a name gets put on it and preconceived notions potentially take over? Comments? Also Price/Book of 0.2? That included Goodwill right? Do you have a number for Price/Tangible Book? June 30, 2001 June 30, 2000 Current assets: Cash, cash equivalents and short-term investments $1,812.3 $1,114.3 Accounts receivable, less allowances for doubtful accounts 477.6 381.6 Inventories 356.3 375.4 Prepaid assets and other current assets 458.8 101.6 Total current assets 3,105.0 1,972.9 Property, plant, and equipment, net 1,183.3 670.7 Other assets 1,025.5 1,407.7 TOTAL ASSETS $5313.8 4051.3 Current liabilities: Accounts payable $190.6 $195.2 Accrued payroll and related expenses 133.0 98.8 Income taxes payable 30.6 108.6 Other accrued expenses 423.5 244.6 Deferred income taxes 63.0 -- Total current liabilities 840.7 647.2 Deferred tax liabilities 707.4 902.1 Other non-current liabilities 18.0 61.2 Stockholders' equity: Common stock and additional paid-in capital 3747.70 2440.8 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $5313.8 $4051.3

To: Jacob Snyder who wrote (21429)	8/28/2001 4:28:07 PM
From: BWAC	Respond to of 24042

June 30, 2001 June 30, 2000 Current assets: Cash, cash equivalents and short-term investments $1,812.3 $1,114.3 Accounts receivable, less allowances for doubtful accounts 477.6 381.6 Inventories 356.3 375.4 Prepaid assets and other current assets 458.8 101.6 Total current assets 3,105.0 1,972.9 Property, plant, and equipment, net 1,183.3 670.7 Other assets 1,025.5 1,407.7 TOTAL ASSETS $5313.8 4051.3 Current liabilities: Accounts payable $190.6 $195.2 Accrued payroll and related expenses 133.0 98.8 Income taxes payable 30.6 108.6 Other accrued expenses 423.5 244.6 Deferred income taxes 63.0 -- Total current liabilities 840.7 647.2 Deferred tax liabilities 707.4 902.1 Other non-current liabilities 18.0 61.2 Stockholders' equity: Common stock and additional paid-in capital 3747.70 2440.8 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $5313.8 $4051.3

To: Jacob Snyder who wrote (21429)	8/28/2001 5:30:12 PM
From: larry	Read Replies (2) \| Respond to of 24042

Jacob, Thanks for the homework you did on JDSU. I am thinking about going long on JDSU at 5, if it goes there this Oct. But then the fact the overcapacity in fiber field is really a huge concern to me. And the rich valuation of the market, especially top tech names does not help. It's not a cheap stock at 5, but I guess with decent luck, it can go up to 10-15 within the next 2-3 years. The chance of JDSU filing chapter 11 is slim, so far. good luck, larry