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

To: mariner who wrote (384)	10/11/1998 6:56:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 815

From Friday's WSJ: <<< Dow Jones Newswires -- October 9, 1998 JDS Fitel 'Quite Bullish' On Conference Call, Analyst Says By LORI MCLEOD Dow Jones Newswires TORONTO -- In a conference call with analysts Friday, JDS Fitel Inc. (T.JDS) was "quite bullish" about its outlook, Todd Coupland, an analyst with CIBC Wood Gundy Securities Inc., told Dow Jones. JDS Fitel held the call to discuss its first-quarter results, which were reported earlier Friday. As reported, JDS Fitel earned 21 Canadian cents a diluted share in the first quarter, compared with 14 Canadian cents a diluted share a year earlier. The results beat the First Call mean earnings estimate of 18 Canadian cents a diluted share. "It's fair to say, when you see the results, their business continues to be fairly brisk," Coupland said. JDS Fitel's first-quarter results "certainly helped me reaffirm my growth expectations for the company," Coupland said. Coupland said he sees year-over-year revenue growth of 50% in fiscal 1999 and 45% in fiscal 2000. The company reported revenues of C$227.2 million in fiscal 1998. Before the results were announced, those expectations "had come under scrutiny and question mark given some of the announcements we've seen from other telecom companies over the last month or so," he added. However, Coupland said JDS Fitel will continue to benefit from strong demand for wavelength division multiplexing systems, for which it supplies components. "The segments of Nortel and Alcatel's businesses that might use a wavelength division multiplexing component continue to be very brisk as well," Coupland added. "Those aren't the areas of their businesses that were suffering." During the call, the company also quelled a rumor that it was having manufacturing problems, Coupland said. JDS Fitel is trading at 17.25 in Toronto Friday, up 2.00.>>>>