SI
SI
discoversearch

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.
Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?


To: freeus who wrote (3560)9/10/2001 3:49:25 PM
From: im a survivor  Respond to of 13815
 
<<rejdsu
Why waste your money: find a stock that will give you a good return in the next 12 months instead of 12 years.
You have plenty of time to buy jdsu to see upside.
JMHO
Freeus >>

Sound advice if she hadnt already corrected 90%....but my strategy is to buy quality, after it's taken a severe beaten in companies and sectors that I feel will eventually rebound. Bottom line is I have no idea where a bottom is, but I know by buying jdsu now, I can't miss it by more then $6....and with my strategy being buy a little at a time, so I am prepared to buy more at $4 and $2 if she hits those prices, and then be patient. I have plenty of time....and if jdsu takes 15 years to get back above $10, my guess is most stocks will still be in the toilet then as well. I dont need to buy the exact bottom, but certain stocks should be bought at certain levels, IMO, if you are prepared to be patient and buy more if she drops. Personally, I have no problem with buying a truckload of JDSU at $2 if it happens, and have no problem waiting for a nice ROI. This holds true for many stocks.......as far as the stock being dead money for awhile.....well, I'd rather it sit dead in jdsu for 5 years and trade between $2 - $6, then buy something else that loses money. I guess my point is, I can't call a bottom in the market and have no idea how low we go, but certain stocks, i will buy at certain levels without hesitation.......if jdsu keeps dropping, I will keep buying. If orcl hits $7, I am all over it.....sunw hits $5, back up the truck....ntap at $6ish and I'll happily buy......atml-will happily keep buying as low as she goes from this level and even added a tad today at $8.25, and will gladly buy more lower as I said.......anyway, we may not recover for a long, long time, but I still feel the time to buy quality stocks is when they are beaten to a pulp........



To: freeus who wrote (3560)9/10/2001 4:01:29 PM
From: im a survivor  Read Replies (1) | Respond to of 13815
 
JDS: Restructuring on track
By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 2:37 PM ET Sept. 10, 2001
SAN FRANCISCO (CBS.MW) - JDS Uniphase said Monday that restructuring plans are still on track at the fiber optic giant.

CFO Anthony Muller repeated a June update about the company's ongoing corporate restructuring. Speaking at the Banc of America Securities annual investment conference in San Francisco, he said the company has incurred costs of $500 million as of June and expects additional costs of $400 million.

The cost savings total $300 million so far and additional savings of $400 million are expected.

He added that "despite a precipitous decline in its revenue base, JDS remains one of the largest companies in the networking equipment sector."