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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (183688)	7/26/2002 7:52:45 AM
From: smolejv@gmx.net	Respond to of 436258

ttp://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%20News&s1=blk,&s2=ad_right1_topfin&tp=ad_topright_topfin&refer=topsum&T=markets_bfgcgi_content99.ht&bt=ad_position1_topfin&middle=ad_frame2_topfin&s=APT.1yxJSVS5TLiBE

To: Box-By-The-Riviera™ who wrote (183688)	7/26/2002 7:55:25 AM
From: orkrious	Respond to of 436258

hard to believe these clowns had JDSU at BUY. Better late than never? <G> 07:34 ET JDSU JDS Uniphase downgraded at CSFB (2.53) CSFB downgrades to HOLD from Buy after the co reported weaker than expected earnings last night; firm sees no signs of a demand recovery and no near-term benefits from restructuring, and while the co retains a strong balance sheet and clear #1 mkt share, it is too far from profitability for the stock to work; also, JDSU may forfeit its premium multiple (relative to peers) if it does not improve its execution on cost cutting in the next several qtrs. Cuts 2002-03 ests and price target to $2.20 from $7.