Just IN Wilie Wiz is LONG seeBlo:JDU lost $8 Billion is 2002 as Per July NR at CSWatch:
and this company had BEEN telling of a billion extra cash?
20020725 1435 JDU JDS Uniphase Canada Ltd News Release JDS Uniphase loses $8.7-billion in 2002
20020715 0550 JDU JDS Uniphase Canada Ltd News Release JDS Uniphase to release year-end results July 25
FROM MarketWatch Disc Boards:
I can see it now The JDS Uniphaseronits
Your point is exactly why this is a great buy. I just picked it up at $2.50. I've never owned before. There are still a number of companies in this sector that are going to go belly up. JDS is the only one (including Corning) that has staying power. No debt...$1.5 billion in cash (which translates to over $1 per share in cash compared to a $2.50 share price)! Even with the current depressed pricing in their markets, their cash burn rate would bring them down to $1 billion in cash at the end of 2003. So they are the only ones with staying power, and will take full advantage of the eventual rebound in the fiber optics market. Clearly, this is not a short term play. Buy now and hold long. This could very well be the kind of stock that makes millionaires.
marketwatch.com
Aug above BUT March Below:
Go back and check the numbers, irisheyes. Last I checked JDSU had $1.6 bil in cash and no debt
I hope he sold ...
Chart:
$10 down to 4 ish:
wwwa.stockwatch.com
Chucka
Then I re-read this:
marketwatch.com
Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against JDS Uniphase Corp. on Behalf of Investors
LITTLE ROCK, Ark., March 28 /PRNewswire/ -- The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class action has been filed in the United States District Court for the Northern District of California on behalf of purchasers of JDS Uniphase Corp. (Nasdaq: JDSU) ("JDS Uniphase" or the "Company") publicly traded securities during the period between July 27, 1999 and July 26, 2001, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at classlawyer.com .
The complaint charges JDS Uniphase, certain of its officers and directors and its controlling shareholder with violations of the Securities Exchange Act of 1934. JDS Uniphase is a provider of fiber optic components and modules which form the building blocks for fiber optic networks. The complaint alleges that during the Class Period, defendants were motivated to inflate the value of JDS Uniphase stock so that the Company could make acquisitions using stock and so the individual defendants, who are the top officers and directors of JDS Uniphase, could sell their shares. During the Class Period, defendants represented that demand was accelerating and the Company's only problem was its ability to manufacture enough product to meet demand. Defendants represented that they had outstanding visibility, including demand for the Company's products through the end of fiscal 2001 ("F01," ended on June 30, 2001), and that JDS Uniphase had 80 engineers whose job it was to monitor customers and their inventory levels and as a result, JDS Uniphase would learn about any slowdown in demand early. The Company also misrepresented the success of its largest acquisitions, including Optical Coating Labs, Cronos Integrated Microsystems, E-Tek Dynamics and SDL Inc. As a result of these positive statements, JDS Uniphase stock traded as high as $146.32.
The Individual Defendants (all of whom were top officers and directors of the Company) and its controlling shareholder took advantage of the inflation, selling or disposing of 25.5 million shares of their JDS Uniphase stock for proceeds of $2.1 billion. Then, on July 26, 2001, JDS Uniphase announced the restatement of its 3rdQ F01 results, the write-off of $44 billion in goodwill associated with its acquisitions, inventory write-downs and that F01 EPS would be only $0.16 and that it would incur a loss of $0.15 in F02. On this news, JDS Uniphase shares dropped to as low as $7.90 -- or more than 94% lower than the Class Period high of $146.32.
If you bought JDS Uniphase publicly traded securities between July 27, 1999 and July 26, 2001 inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than May 20, 2002. If you are a member of this class, you can join this class action online at classlawyer.com . Any member of the purported class may move the Court to serve as lead plaintiff through Cauley Geller Bowman & Coates, LLP or other counsel of their choice, or may choose to do nothing and remain an absent class member.
Cauley Geller Bowman & Coates, LLP has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida and Arkansas, but represents investors throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.classlawyer.com
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From Law URL above as I saids last week, I dislike The UGLY accountimg types and such PROBLEMS, I can see it now THE Babes of Uniphasedon'tphaseME
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CLASS ACTIONS
Class actions level the playing field between powerful and wealthy corporations on the one hand, and individuals on the other. The class action procedure enables a group of similarly situated individuals to band together and fight back against large corporations in situations where each individual, by himself or herself, may not have a sufficient amount at stake or the financial wherewithal to justify litigation. Our firm regularly handles class action litigation involving:
securities fraud cases against publicly traded companies
claims against corporate management for breach of duties owed to shareholders
improper billing by credit card companies
undisclosed fees charged by banks
false advertising and deceptive sales practices
mortgage lender and financial services fraud
employment discrimination
sale and marketing of defective or dangerous products
price-fixing and other antitrust violation
drug recalls and other pharmaceutical injuries
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IN E Mail List from Willie Wiz after I shorted it, I think i am right LOL:
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8. JDSU----turn around play
Humm...as a LONG TURN he says THAT is OK, :
Readers,Are you all still playing poker? This is no easy game but I am still setting at the table.
You will notice a couple additions to my list of stocks. I added JDSU and ADSX as trading stocks last week. This is just what they are trading stocks.
If you go to my web site and visit VTO you will
see new trend lines and also a new chart that shows a quarterly NASDAQ chart starting in 1972 to current. I think you might find this interesting. Here is a link willywizard.com
In addition to VTO I have many DD links at WillyWizard.com The site is set up in frames for easy navigation to all the hottest DD and Investment Educational Sites.
W.W. Rolling Stocks is also a section that receives traffic. I have listed many companies that roll up and down with the markets. Yes, many have rolled down but it’s interesting to follow some of these well known companies.
I am not a not a licensed investment advisor or analyst nor do I give out buy or sell advice to anyone. I take investing seriously but like many I have my losses with my gains. If I receive or have received any compensation I declare it in my disclaimer. I also declare all positions owned on any stock in this newsletter. These positions can change daily so they are updated in each newsletter.
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Remember weekly live chats every Saturday at 6:00 PST/9:00 EST and
the Group Chat Room at groups.yahoo.com We
have had these chats for over 3 years every Saturday. They are
normally fun and we have a small group every week that attend.
Everyone is welcome.
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Stock Updates: None of these companies are currently paid profiles.
Recent additions ORCL, LVLT, CUSIF, ADSX, & JDSU"" |
