JDS Uniphase (JDSU)

[learningthehardway]

The acquisition may be a positive sign. If their confident enought to go shopping for other companies, maybe they've turned the corner and are back on the offensive, building for the future.

Their cash position is strong. That's very reassurring, but they will have to have the products when people start buying again. Their research dollars are down. Maybe the acquisition helps get them ready for the rebound.