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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: James Calladine who wrote (32114)2/22/2002 8:31:23 AM
From: Softechie  Read Replies (1) | Respond to of 99280
 
JDSU JDS Uniphase has downside risk to $4 -- CIBC (5.26) -- Update --
[Update] As reported at 07:36, CIBC World Mkts has downgraded JDSU to HOLD from Buy. Firm cites worsening visibility for telecom carriers and optical system manufacturers. Say stock appears overvalued at an enterprise value of 6.2x CY02 revenue estimate, a large premium to the group which trades at just over parity at 0.3x. Believes stock could trade down to $4.