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Technology Stocks : UNPH _ Uniphase -- Ignore unavailable to you. Want to Upgrade?

To: Ed Frye who wrote (723)	1/26/1998 2:59:00 PM
From: fred woodall	Respond to of 1261

Ed, I was out of UNPH Fri. 36.875. You know I don't do weekends. TLAB news is bad. Bear Stearns having neg. comments & Merrill cut to Acc. The stocks down over 10% for today. Over 8% drop tells me to back off. Today's volume 8 mil.compared to average daily 2.6 mil. ADCT down 37%. on 17.4 mil. more than 10 times the daily volume. 52-week low 21.25 last July. Company says revenues for the first quarter ending Jan. 31 to be 10% to 15% greater than those of a year earlier. Expects earnings to about match the year-earlier 19. well short of the 24. mean est. Maybe around 15.5 Ed. This puppy is falling hard.