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riverhigh22

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riverhigh22

Re: None

Monday, 09/22/2003 8:29:03 PM

Monday, September 22, 2003 8:29:03 PM

Post# of 299
S&P report:

The spending slump may not bottom out until 2004, S&P said, considering that both BellSouth (NYSE:BLS - News) and SBC Communications (NYSE:SBC - News) have announced capital spending cuts for the rest of 2003.

Not happy about that news at all. Spending cuts for the rest of 2003 may result in poor guidance going forward for the jdsu in 2nd quarter. Market is hoping for positive guidance. Still think there is opportunity for adding to position on technical weakness. Just my humble opinion.

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