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

To: puborectalis who wrote (22418)	3/8/2002 12:18:51 PM
From: Tunica Albuginea	Respond to of 24042

Fallope, this is the same Merrill that hired Henry boy Blodgett that recommended we buy Amazon at $400 and changed to a hold when amazon was ~$10 !!!!!!!!!!!!!!!!!!!!!!!!! Listen to Merrill......!!! Are you kidding???? Here is what I would do: When Merrill says " Sell ", I buy. When Merrill says " Buy ", I sell. I don't think you can loose this way, :-)) TA ============================== Angry Internet Investors Sue for Refunds newsfactor.com Merrill Lynch (NYSE: MER) has already paid $400,000 to settle allegations that its chief Internet analyst, Henry Blodget, caused a New York pediatrician to lose $500,000 earmarked for his daughter's college tuition after embellishing the outlook of his research reports. And this newsfactor.com

To: puborectalis who wrote (22418)	3/8/2002 8:09:59 PM
From: FR1	Read Replies (1) \| Respond to of 24042

The key phrase here is "the weaker fundamentals for JDSU's customers". Note they do not say the internet is going away or that we will not be lighting all the dark fiber in the ground before we lay more fiber or that this is not a industry with tremendous demand. They only say that the primary buyers are having financial problems. That could change on a dime and Merrill knows it. Has JDSU revised its forcast? No. Did Merrill downgrade the whole sector? No. Does JDSU have unusual customers that the other players in the sector don't have? No. Consider the general indicators: 1)ATT and Comcast, two of the biggest buyers of this gear, are going before congress right now swearing that if they are allowed to merge they will spend tons of money on broadband internet deployment. If they don't convince congress that their merger will result in more deployment, then they will either not be allowed to merge or congress will put requirements on the merger to make sure they don't just sit on their ass. 2) The bells are inthe same pickle with the broadband bill. They are swearing to congress that they will speed up brodband deployment if congress will just take the bill that passed the house and pass something similar to it. 3) As stock prices rise businesses have more cash to work with and can justify expenditures if a growing economy is clearly coming. The debt is real but the major thing holding up deployment is more political than financial. Noody knows who the players are going to be and what the rules will be. For Merrill to downgrade in an environment like this is crazy. How can they possibly fortell what is going to happen in the next 6 months? You can be certain that as soon as (in fact bofore) the picture changes Merrill will buy the stock before you do. I would not doubt that the funds at Merrill are accumulating right now.