Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: larry who wrote (21435)	8/28/2001 5:58:32 PM
From: BWAC	Respond to of 24042

<The chance of JDSU filing chapter 11 is slim, so far.> Slim? So far? About as slim and far as $1.8 Billion in cash, with continuing positive cash flows, and zero long term debt will take you.

To: larry who wrote (21435)	8/28/2001 8:30:09 PM
From: Jacob Snyder	Respond to of 24042

The chance of JDSU filing Chapter 11 is zero, even if we get a worldwide 1973-severity recession. Companies who, when credit was easy (way, way too easy), financed their Exuberant Expansion with debt, are going to Chapter 11. JDSU financed their expansion with their own stock. This means that, today, the company is doing fine (it's the diluted stockholders who are doing NotFine). I don't know whether I will be buying JDSU at 5. When I can predict what 12M forward sales will be, with a reasonable amount of precision (unlikely to be off the mark by more than a few hundred million), then I will set a buy price.