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

To: Wyätt Gwyön who wrote (22539)	4/26/2002 2:00:47 PM
From: Jacob Snyder	Respond to of 24042

re: shares: 1.36B, up from 1.14B a year ago: This is one of the main things making me lean toward using this as a trading vehicle, and not considering it as a LT holding. 1.14B to 1.36B is a 19.3% increase. That means that the first 19.3% of earnings growth (whenever that starts happening), is gobbled up by dilution, and causes no EPS increase. It is discouraging, when a management has a flat learning curve, and displays no ability to learn from past mistakes. The float got bloated during the heights of the Bubble, to the serious detriment of shareholder wealth. And they continue to do what they did in 1999 and 2000. The other possibility here, is that JDSU management just doesn't care how bloated the share count gets. To me, that means they are not running the company, as if they work for shareholders.