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To: Bill Harmond who wrote (138145)1/29/2002 8:48:16 PM
From: H James Morris  Read Replies (3) | Respond to of 164684
 
Bill, couldn't you use a better example than JDSU?
>>JDS Uniphase: The bottom is near
By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 1:18 PM ET Jan. 29, 2002
JDS Uniphase CFO Anthony Muller repeated on Tuesday comments made last week that his company is getting closer to the bottom but that he doesn't know exactly when that will be.

The comments were made at the Banc of America Securities Technology Conference on Tuesday. (See full Monday conference coverage.)

Also in attendance at the session was CEO Josef Straus. He didn't speak, but was expected to be available at the company's breakout session scheduled for later in the day.

Muller did say that his company will exhibit greater profitability when sales begin to improve. He said JDS (JDSU: news, chart, profile) has another $50 million to $100 million in cost cuts to do as part of an ongoing realignment program, having already cut $850 million in expenses.

Muller also said he has lowered the company's breakeven point to less than $350 million per quarter in sales.



To: Bill Harmond who wrote (138145)1/30/2002 12:42:33 PM
From: craig crawford  Read Replies (2) | Respond to of 164684
 
you're right, the US isn't exactly like japan. no two bubbles are exactly alike. however, no matter how the bubble is formed or unwound the aftermath is usually quite predictable. several years of under-performance for the stock market. that's the bottom line and that's what matters to us here.

p.s. the US does have one striking similarity to japan in the late 80's. a rapidly aging demographic. that is going to be a serious problem in the coming years. of course if we hadn't aborted 40 million poor, defenseless children in the last 30 years maybe we would have enough younger folks to take care of you old folks. of course the liberal solution to killing off our population is to just let 40 million immigrants in to replace them.