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

To: Jacob Snyder who wrote (21460)	8/29/2001 3:18:25 PM
From: Pink Minion	Respond to of 24042

>>> Is it really fair to compare Nortel and JDSU? Not really only because I use to work there. But base on what they sell, yes, but not on size of company. They both sell telecom equipment. They both add capacity to networks. I also believe they compete in some areas. JDSU sells more of the new stuff but for how long? NANO sells/integrates their product with AMAT but they are both semiconductor equipment makers. >>> I wouldn't expect, say, AMAT and INTC and Dell to have the same PE and P/S ranges, so why should I expect Nortel and JDSU to? Different parts of the chain but manufactoring companies with high fixed cost and mature growth rates usually sell the same +/- on their margins. AMAT and INTC used to sell for the same P/S ranges. >>> Would you expect JDSU and WCOM to end up in the same P/S range? No, different business. Subscriber businesses sell on cash flow. It all depends on growth rates of demand AND growth rates of supply. Innovations in optics puts Moore's Law to shame or it did the last time I checked.