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Gold/Mining/Energy : JDS Fitel -- Ignore unavailable to you. Want to Upgrade?

To: Frank Ferrari who wrote (198)	2/13/1998 11:55:00 PM
From: Yu Weifeng	Respond to of 815

Although JDS is a great company, the stock price may have already more than incorporated that. One has to wonder about the extremely high P/E this stock commands at the current price. The P/E is high using the 12 months trailing EPS or 12-months forward EPS. I have followed the stock for a long time and I haven't got in because the P/E has been high ever since I started following. Granted, EPS has been growing at an impressive rate and that is perhaps why the stock went as high as $95. But what if the growth rate slows down a bit? Can anyone think of something else other than the high g to justify the rather lofty price? Weifeng

To: Frank Ferrari who wrote (198)	2/17/1998 4:22:00 PM
From: Sans Souci	Read Replies (2) \| Respond to of 815

Frank: I was just forced out of JDS, as my pain threshold has finally been exceeded. What a lousy, unsettling last few weeks. Well, at least the liquidity has improved somewhat, only problem is that it has turned into a liquidation. JDS, the company, still looks great, but something seems to be wrong here with JDS, the stock. Sell orders keep popping up relentlessly, just as you'd think things will or "must" turn around. SOMEONE is unloading, and I wish I knew why. Maybe the new products they are showing in a couple of weeks aren't ready, or maybe they won't match up to the competitions's newest offerings? Maybe the recent Lucent announcement is having an effect? (sure does sound like an interesting breakthrough). Maybe a whole bunch of people sitting on fat JDS profits from the last year are simply deciding to cash in? ????? Who the hell knows. *** To all those still long >>> stocks normally bounce back strongly immediately after I'm forced out, so perhaps tomorrow will bring better times. I'll be checking in, and will post any key info I turn up. Sincerely and best of luck, -- Paul