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

To: Lizzie Tudor who wrote (22561)	4/27/2002 9:51:50 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 24042

In "normal" times, most companies sell for between 3 and 6 times sales. $1.36B revenues is $1/share for JDSU and should result in a share price of $3-6. That means $4.5-9.1B annual revenues are required for your $20 price. At least, management can count and are smart enough to sell.

To: Lizzie Tudor who wrote (22561)	4/27/2002 10:23:13 PM
From: Jacob Snyder	Respond to of 24042

I would agree with Cary, that the share bloat, which is continuing, will place a cap on any rally. I'd guess we are within 2-3 quarters of the bottom in JDSU's EPS (sic), but that doesn't mean the stock goes back up as fast as it went down. Absent a reverse 5-for-1 split, or 10-for-1, this stock won't hit new alltime highs, this decade. I don't see any sustained rally over 10 for JDSU, not this year, probably not next year either. So, for now, this is a trading stock, not an investment. At some point, it will become "investment-grade" for me. But it's going to be a long wait, and I'll just keep myself entertained by trading the channel, until then. I'll make the following prediction: traders who sell the rallies in JDSU, and wait to buy back at 5 and under, will do better than BuyAndHold, this year, and next. Better, even including the differential tax treatment of those two methods.