JDS Uniphase (JDSU)

[riverhigh22]

Jds price still has room to go down further. Recent announcement from Bell South that they intend to keep Cap EX spending "flat" from 13 to 15% of revenues for the next 3 years is not encouraging. Like SBC Bell
South seems to be focused on increasing thier dividend payouts and repurchasing stock rather than investing money back in their businees. If they lose out to the cable companies I have very little sympathyfor them. However, I think jds will drop in price once the market gets a grip on the fact that baby bells are reluctant to spend. The only way I see them pick up spending is if trhe competion gives them no choice but to spend. Not impressed with the baby bells right now.