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

To: Timetobuy who wrote (22431)	3/9/2002 3:11:00 PM
From: FR1	Read Replies (1) \| Respond to of 24042

Just a question on analysis: Jdsu is trading for over 6 times 03 revs plus the cash they have in hand. That's pricey. It is easy to see the figure for 6 times 03 revs plus cash -you simply take the average estimate (or guidance). How do you go about figuring whether or not it is pricey? I assume it is something like: 1) Look at the top 10 buyers of broadband equipment (ATT, Comcast, baby bells, etc). 2) Get their figure for capex broadband expenditures for the next year. 3) Assign a % of that capex to their top 10 major vendors like NT, LU, CSCO, etc 4) For each major vendor assign a certain % of sales as passing through to JDSU (is this published?). 5) Add them all up to get the potential revenue for JDSU over the next year and compare that to 6 times current next year's earnings. Is that how you go about it?