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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (46226)	1/11/2002 6:27:56 PM
From: stockman_scott	Respond to of 65232

RESEARCH ALERT-CSFB raises JDSU to "buy" NEW YORK, (Reuters) - Credit Suisse First Boston on Friday said it had raised its investment rating on JDSU. Analyst Max Kirkinsi said in a research note that JDSU leader of fiber equipment manufacturers in the fiber broadband could show revenue growth from the September quarter and demand for networking equipment is holding steady. "We were initially nervous that the strength in the January quarter represented a one-time bubble from September order push-outs," Kirkinsi said. "However, recent data suggests that solid backlog is building well into the April quarter." "Although the stock has done nothing over the past two weeks, we are encouraged by (JDSU's) strong design activity and look for positive news flow from the company over the next several quarters, along with an increase to financial forecasts," said Kirkinsi, who has a $26 price target on the stock. JDSU's shares closed at $9.47 on Thursday on Nasdaq. The stock has a 52-week range of $7 to $110.00 12:00 01-04-02 Copyright 2002 Reuters Limited. All rights reserved.