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

To: diddlysquatz who wrote (319)	8/11/1998 10:40:00 PM
From: pat mudge	Respond to of 815

I think a 37- 38 pe ratio is not going to attract investors like it would have in the past. I can see JDS at 30 pe within a couple of months. There are just too many small caps with better valuations and less exposure to foreign markets. You may be right, but areas like DWDM are hot and their estimated growth rates equal their PE ratios. I would imagine anyone holding JDS knows the sector and isn't about to switch before the starting gun goes off. I'm certainly not. Later -- Pat