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

To: Glenn McDougall who wrote (23238)	1/7/2003 12:32:47 PM
From: Selectric II	Respond to of 24042

Despite the layoffs, Muller said JDS Uniphase will continue to expand in some arrears* through "carefully selected" acquisitions.* Freudian slip? :(

To: Glenn McDougall who wrote (23238)	1/8/2003 3:07:31 PM
From: ownstock	Respond to of 24042

Chief financial officer Anthony Muller told a technology conference in Scottsdale, Ariz. that the company will beat its target of breaking even on a cash flow basis on quarterly revenue of $200 million by the end of this calendar year (all figures in U.S. dollars). Read very carefully. He did not say they would break even. Present sales $180M/qtr, and next quarter warned to be lower: $150M? If $200M is the breakeven downsizing goal for the end of this year, at best they will be losing $50M a qtr in 2005 if sales stay flat. To get there, they will have spent over half their remaining cash, leaving them with about one more year of independent life. And you want me to put my hand in the what, and pull out the what what? Tony: Sell the passives unit in China, cut the bleed to $150M/qrt. JMHO -Own