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

To: Kent Rattey who wrote (21647)	9/14/2001 12:38:18 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 24042

The problem with technology is that there is always the danger of being run over by competition. So today, JDSU may look well-positioned to you, but if things change, as they always will especially in technology, there is no way to be sure that JDSU will reign in the longer-term. So much for the longer-term. As for the short-term, things look lousy too, considering the overspending and overinvestment in technology in the past few years. Insurance is something that doesn't change a whole lot. The concept remains pretty much the same. Insurance companies may use technology to do things better, but they are still doing the same thing. The constant change in technology is the reason why we see so few franchises in that arena, when compared to, say, consumer franchises such as KO or G or DIS or HSY, or to drug companies such as MRK, JNJ and PFE, to name a few. The only tech company that has come close to be called a franchise is MSFT, and to some extent INTC. But for every MSFT, there are literally tens of thousands of companies that go bust or just manage to survive.

To: Kent Rattey who wrote (21647)	9/19/2001 10:32:23 AM
From: szabel	Read Replies (1) \| Respond to of 24042

The most poorly mismanaged company in the market. Shorts most reliable haven Fiber-optic equipment maker JDS Uniphase said Wednesday it would take more writedowns than anticipated in the current quarter as a result of its declining market capitalization. The Canadian-based company said it could face additional charges in the quarter and for the fiscal year as a result of early reductions of about $4.2 billion in goodwill for the year ended June 30 and about $1.1 billion for the quarter ended March 31. The company also anticipates additional writedowns for the quarter ending Sept. 29. As a result of the writedowns, JDS Uniphase (JDSU: Research, Estimates) said it took a $76 million charge for increased inventory and reserves. The company also reclassified the writedown of about $512 million in the fair value of common stock it owns in Nortel Networks Inc., from an unrealized to a realized loss. JDS shares fell 11 cents to $5.24 in before-hours trading Wednesday after a 5-cent drop Tuesday.