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Subject:  JDSU RM Port Statements revisited Date:  1/2/2001  11:48 PM
Author:  fenderstrat Number:  7646 of 8329

Was JDSU a mistake?
1/2/01:
http://www.fool.com/portfolios/rulemaker/2001/rulemaker010102.htm
I'm sorry but you didn't give a very convincing arguement against JDSU. You haven't even held the stock a full year and are now bearish against them. I think your decisions are being clouded by the current market and are not very Foolish.
Let's take a trip down memory lane by searching previous RM articles shall we?

JDSU RM Part 1 of 2
1/13/00:
http://www.fool.com/portfolios/rulemaker/2000/rulemaker000113.htm
"JDSU's business is 50% bigger than all the rest of the independent optical component makers combined."
-And growing...

JDSU CEO Kevin Kalkhoven stated the following:

"Bandwidth is going to be the next big revolution in technology. We are the leading supplier of very complex fiberoptic technology to the industry and we believe that it is going to be as significant or more important in time than the silicon industry."
-Yup

JDSU Part 2 of 2
1/18/00:
http://www.fool.com/portfolios/rulemaker/2000/rulemaker000118.htm
"I find it particularly encouraging when I find a company that's growing its business and still generating positive free cash flow. This is exactly what you'll find with JDSU, a company that had sales of $22.9 million in 1992 and is likely to have more than $1 billion in revenues in the current year."
-And growing...

JDSU Growth Continues
2/15/00:
http://www.fool.com/portfolios/rulemaker/2000/rulemaker000215.htm
"The two biggest concerns for JDSU at present relate to the question of having enough manufacturing capacity to meet demand and the company's ability to improve its operational performance and create an insurmountable lead over its competition. Its recently agreed upon acquisition of E-TEK Dynamics (Nasdaq: ETEK), should help it better address these issues."
-Not a bad position to be in wouldn't you say. We will start to see in the coming year how the merger with E-TEK will help improve this "problem". Sounds kind of like Intel a few years ago no?
As a side note I aquired most of my JDSU shares by holding E-TEK and made my most recent purchase of JDSU shares at the not so cheap price of $112.
JDSU Sees Bright Future
4/26/00:
http://www.fool.com/portfolios/rulemaker/2000/rulemaker000426.htm
"But before diving in, I ought to warn you about something: It's almost too easy for me to say great things about the growth opportunities for this things company."
"On a comparable-quarter basis, revenues grew at an incredible 155% rate."
-Intel who?

-and yes, I understand these were authored by TMF Grape, but the statement are from a fellow RM Port fellow.

It seems that running JDSU "through the quantitative elements of our Rule Maker Criteria" faired quite well. As well it's pretty obvious that these statements still hold true today, and in fact may be stronger in light of the current stock price and the pending SDLI merger.

Personally I'm going to put my money where my mouth is (as you are, can't fault you there) and buy more JDSU shares. Although, given the current market, I'm personally going to wait out ANY new purchases until I see the end of the panic selling. My hands are a little bloody from catching knives last year. LOL
Now don't get me wrong Intel is a fabulously managed company, but I just don't see the growth potential that I see in JDSU.
Happy New Year
May we all improve our bottom line next year.
fender

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