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

To: Ian@SI who wrote (22588)	5/5/2002 3:14:50 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 24042

RE: "...will likely be..." An almost perfect post! I think you could achieve perfection by quantifying the expectation quoted above!<g>

To: Ian@SI who wrote (22588)	5/5/2002 5:46:37 PM
From: ron delany	Read Replies (2) \| Respond to of 24042

i'm afraid book value is much lower than that. they just knocked off another 3.19 in the last earning report. yahoo just hasn't posted it yet. BV on this puppy is around $2-2.50 share. the good news is that they can't knock it down below zero so we've seen the last of the massive writeoffs. total goodwill left is less than $1billion. As long as they don't spend all that cash on some hairbrained scheme and the biz picks up again they might be a great turnaround in a few years.

To: Ian@SI who wrote (22588)	5/5/2002 5:55:35 PM
From: Outer-limits	Respond to of 24042

<All the same, JDSU's Price/Tangible Book is now at 2.3x while the Industry average is 3.3x and the Industry high is 56.3x. With plenty of cash and no debt to speak of, JDSU will survive this downleg and will likely be one of the major winners in the next up cycle.> That's what I'm counting on. With a basis in the low 7s, I have two options: the first is buying more in the upper 2s or low 3s, or to sit tight with what I have. At this point, I'm willing to sit tight!!