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

To: pat mudge who wrote (697)	2/3/1999 10:39:00 PM
From: Chris Stovin	Read Replies (1) \| Respond to of 815

I agree Pat, JDS is not an internet stock. It is certainly internet related as is Cisco, Nortel, Lucent, Newbridge etc. Analysts refer to the bubble bursting when they speak of high flying low revenue producing, retail companies who are attempting to cash in on the retail internet business. I believe that some of these retail companies will become and have become huge because of this new internet phenomena where people can easily purchase goods and services from the coziness of their home. However, as we all know, there are still problems to be ironed out and we aren't there yet. I believe we will get there but many of these current retailers won't be around..for numerous reasons including they won't be able to afford the wait, or they will be beaten out along the way by more creative marketers with exceptional internet savy. It seems however, many people are investing in anyone who builds a website with something to sell...some will sell better than others... .JDS on the other hand is helping to build the infrastructure and only depends on the sales of the large network builders like Cisco, Lucent Nortel..etc. etc. and is now a world leader fiber optics and has positioned itself well in this incredibly fast growing phenomena we call the internet. As you say, this company is quiet, unemotional and continues to grow at a very impressive rate. Their valuation is based upon actual dollars earned and actual dollars projected at a proven growth rate.. I can't believe I just rambled on like that...I must be bored......after reading it over I'm not sure it even makes sense.... :.).........but I know what I mean....haha Chris

To: pat mudge who wrote (697)	2/4/1999 12:25:00 AM
From: Hank Stamper	Read Replies (2) \| Respond to of 815

Pat, 1. I did not intend to communicate that I think JDS is an internet stock. It seems to me, however, that JDS's price has gone gaseous (not as much as those baseless-hype internet stocks though). I am not sure how this stock can sustain a 70 multiple. This seems to me to be way out of line with history for this and the sector of high-techs in general. 2. Growth potential for the fiber optics sector over the next period appears to be very, very strong for all the reasons that have been discussed here. That is one of the reasons I bought JDS. However, as I wrote previously, very few companies ever sustain the growth of JDS over a longer period of time. This includes the best managers in the best industrial sectors. I may be mistaken but some of the sentiment in this thread is that JDS is a good buy at current prices because it has such a huge growth rate. But it would be very unusual for JDS to be able to sustain the rate. So, that makes the logic of "good buy at present...." suspect. 3. I wonder where those emotionally stable share owners are right now. It appears the momentum players are waxing grand. All this is somewhat academic and rather enjoyable, though, for those who built their postitions at much lower levels. (BTW, I have always read your posts with interest--good suff even if we differ on some points.) Ciao, David Todtman