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Technology Stocks : SDLI - JDSU transition -- Ignore unavailable to you. Want to Upgrade?

To: RMP who wrote (3058)	2/24/2002 5:47:43 PM
From: chuckj	Read Replies (1) \| Respond to of 3294

I also read the Barron Article. These two fellows appeared to be stuck in the past and wanted reregulation of telcos. This alone discredits anything they say. I can not fathom how can capitalists be for regulation and and government control of any business they want to invest in. They were also fast on lobbying Powell to reregulate the Telcos and they would say anything to promote that cause. The so called debt spiral of the giants like Q, NXTL, PCS, WCOM and others is not due to a business problem, it is simply because of accounting rules that forced them to take charge on assets (i.e. merger acquisitions that took place with stock swaps or cash) that have significantly dropped in value from the historical values, which is now called "good will". From the day before they took the charge to the day after,nothing had changed, except for a number on a sheet of paper that alarmed the opportunist bond holder that their debt covenant, which is just a ratio of book value to debt, is in jeopardy. Moody intern reduced the bond rating of these companies. If these companies were in true credit crunch they would not have tapped the bank reserves and the banks would not have given them the money. The management just does not see any reason to get into the bond market and pay these artificial interest rates. Businesses of Nextel, Q, WCOM PCS are quite strong. The fact of the matter is that deregulation has brought us this explosive growth of internet and telecom. Sure the recession has hit the CELECs hard and many CELECs have gone under and others are close to going under, nevertheless the RBOCs are still very strong and still not service oriented. The pending cable merger will bring the much needed competition to force the RBOCs to compete once again. Once the competition begins we will have the explosive equipment growth to match the explosive demand for bandwidth that is currently being neglected by the ILECs. The solution for the likes of Q, NXTL, WCOM is to spend their way out of the spiral as a show of strength, in order to complete their networks and stand against the sleeping RBOCs. The bond holders will then have to start buying their bonds because they have too much in stake to allow the company to wither into deep spending with their artificially created credit crunch. Bond holders with all of their arrogance are incapable of running these companies even if they tried to push them under in order to get the company for penny on the dollar (The Jury is still out on success of the bond holders of PSIX, EXDS and GX, who probably will regret why did they not restructure their debts instead of getting the company for pennies on the dollar). Bond holders are generally arrogant but they are not dumb.

To: RMP who wrote (3058)	2/25/2002 2:43:44 PM
From: im a survivor	Read Replies (2) \| Respond to of 3294

<<With JDSU around 5 there just doesn’t seem to be lots of downside risk. >> I thought that at 7-8ish....yet we hit the $4's and may still go lower for all I know....beginning to wonder if JDSU will ever bounce back.......heck, I was hoping for $30 within 5 years....I think I'd take $10 about now........frankly, I was amazed when jdsy broke $30....never thought that would happen.....now I sit and see it in the $4's....simply amazing......at what price is this a good buy....I thought 7 - 8 was...but was obviously wrong.....